Crypto firms face big penalties, including jail time, for unauthorized ads following the FTX disaster, UK financial regulator says

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crypto regulation

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Here's why 2023's stock rally could fizzle out and end up burning bullish investors

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Good morning, readers. I'm Phil Rosen, reporting from New York City for the first time since December. Frosty air notwithstanding, it's good to be back. 

In case you missed it, this weekend I caught up with Kpler lead oil analyst Matt Smith to talk about Europe's new sanctions on Russian refined oil products. 

Tesla's bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a 'sideshow'

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Tesla founder Elon Musk attends Offshore Northern Seas 2022 in Stavanger, Norway August 29, 2022.
Tesla CEO Elon Musk.

NTB/Carina Johansen via REUTERS

Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency

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Cathie Wood Ark Invest
Cathie Wood's Ark Invest says bitcoin could hit nearly $1.5 million by 2030.

Brendan McDermid/Reuters

Bitcoin and other cryptos slump as the Fed gets ready to raise interest rates again

Tech Insider : Crypto
Bitcoin

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ChatGPT's soaring popularity has added $5 billion to the wealth of Nvidia's founder as Wall Street bets on AI boom for the chipmaker

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Jensen Huang
Nvidia CEO Jensen Huang.

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Sam Bankman-Fried's FTX might even owe money to a tiny Bahamian garden shop. Here are some surprising names on the crypto exchange's long list of creditors.

Tech Insider : Crypto
This is a photo of Sam Bankman-Fried looking to the side.
Sam Bankman-Fried founded the now-bankrupt crypto exchange FTX.

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3 of TikTok's most popular financial influencers want you to know one thing: There's no one quick way to get rich

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Financial advice tiktok

TikTok/Jacob Zinkula

The New York Times, Stanford University, Coinbase and Netflix are among FTX's laundry list of creditors, court filing shows

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Sam Bankman-Fried

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Digital Currency Group's crypto exchange axes 35% of its staff in the latest round of industry layoffs

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Quiet layoffs are underway.
Quiet layoffs are underway.

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