Dallas Mavericks fans smoke at Mark Cuban over Voyager crypto bankruptcy

Dallas Mavericks fans smoke at Mark Cuban over Voyager crypto bankruptcy

Dallas Mavericks fans are getting burned by the bankruptcy of ill-fated crypto brokerage Voyager Digital — and they’re lashing out at the NBA team’s owner Mark Cuban for luring them to invest in the company. Voyager declared Chapter 11 late Tuesday, citing chaos in the crypto markets. The major crypto player had paid high interest … Read more

Crypto exchange FTX has ‘a few billion’ to support industry, Bankman-Fried says

Crypto exchange FTX has 'a few billion' to support industry, Bankman-Fried says

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barrit | Getty Images Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on … Read more

Crypto firm Voyager Digital files for Chapter 11 bankruptcy protection

Crypto firm Voyager Digital files for Chapter 11 bankruptcy protection

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleagued crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset … Read more

Even More Crypto Lenders Struggle to Stem Flood of Withdrawals

Even More Crypto Lenders Struggle to Stem Flood of Withdrawals

Image: SIVStockStudio (Shutterstock) The number of crypto lending platforms that actually let users take their crypto home with them is getting progressively smaller. One company even reported its users were draining their accounts of close to $198 million in total over the past three weeks. CoinLoan announced Monday it was putting a big hold on … Read more

Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

There has been no official announcement. And even if there was one, this announcement would have gone unnoticed: Mark and Zuckerberg and his company, Meta Platforms (META) – Get Meta Platforms Inc. Reportno longer have a digital payments project. Zuckerberg has chosen his moment well: the crypto sector is currently going through an unprecedented crisis … Read more

The Polium One Is A Web3 Console That Will Never Get Released

The Polium One Is A Web3 Console That Will Never Get Released

Image: shomos uddin / Polium / Kotaku (Getty Images) The Polium One is the answer to a question no one has ever, nor will ever, ask. It is a “next-gen console for web3 gaming.” Which is to say, a render on a website for a fictional machine that I believe will absolutely will never get … Read more

Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Some say it started with Lillie Langtree. The British actress and socialite, known as “The Jersey Lily,” is credited with being the first celebrity to endorse a product when she became the poster girl for Pears Soap in 1882. In the Beginning… Others say it goes back to the 1760s, when Josiah Wedgewood, a British … Read more

Bitcoin (BTC) posts worst quarter in more than a decade: 5 reasons why

Bitcoin (BTC) posts worst quarter in more than a decade: 5 reasons why

1.Macroeconomic pressure During the quarter, the US Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation. That has sparked fears of a recession in the US and other countries. It has also hit stocks, in particular high-growth technology names. The tech-heavy Nasdaq Composite is down 22.4% for the second quarter, its … Read more

Bitcoin just had its worst month on record

Bitcoin just had its worst month on record

Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the … Read more

Coinbase seeks Europe licenses in bid to expand growth outside US

Coinbase seeks Europe licenses in bid to expand growth outside US

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to … Read more