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Latest from Will Canny
Citi Says Crypto Contagion Appears to Have Ceased
Stablecoin outflows have been stemmed and outflows from ETFs have also stabilized, the report said.
Crypto Payments Firm BCB Group Hires Deputy CEO to Expand Internationally
Noah Sharp joins from Paysafe, where he was employed as chief banking officer.
Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
Copper’s Series C round will value the company around $2 billion, according to two sources. The firm sought a $3 billion valuation in November.
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
If all newly issued bitcoin were immediately sold on the market each day, it would equate to only 900 BTC of selling pressure, the report said.
Bank of America Customers’ Crypto Activity Slowed as Market Slid
Almost 70% of the U.S. population hasn't invested in or isn't interested in investing in cryptocurrencies, the bank said.
JPMorgan Says Crypto Market Deleveraging Cycle Won’t Be Lengthy
Stronger crypto companies are stepping in to help contain contagion, and venture capital funding is still healthy, the bank said.
Deutsche Bank: Crypto Free Fall Could Continue Because of the System’s Complexity
As bitcoin and other cryptocurrencies are speculative, high-risk assets, they are disproportionately affected by central bank tightening, the bank said.
Citi Flags Crypto-Backed Real Estate Mortgages Amid Falling Market Conditions
The bank points to the rise of crypto-backed mortgages and financing of digital property purchases.
FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’
3AC borrowed recklessly from just about every institutional lender in the business, a report from the research firm says.
Bank of America Says 'Crypto Winter' Concerns Haven't Frozen Investor Interest
Blockchain technology is the most significant evolution of software since the internet, the report said.
