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contagion
The Case for Crypto Literacy as BlockFi Follows FTX Into Bankruptcy
A new crypto literacy quiz reveals there is still a significant crypto knowledge gap in the U.S., with 91% of respondents still needing to receive a passing score. Coinme CEO & Co-founder Neil Bergquist discusses the key takeaways and the need for crypto literacy education amid lingering contagion concerns.
La contagion de FTX ravive le redoutable glas des Crypto de 2022 : l'« arrêt des retraits »
La chute de la plateforme d'échange FTX a provoqué un effet domino : de plus en plus d'entreprises de Crypto , comme BlockFi et Genesis, ont suspendu les retraits. CoinDesk a recensé 16 annonces de ce type rien que cette année.
CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.
CoinFund President on FTX Contagion Concerns, Bailout Speculation
"We're not expecting any bailouts here," CoinFund President Chris Perkins says on the continued contagion spreading throughout the crypto industry this year. Perkins, who was on the floor when Lehman Brothers went bankrupt, shares his perspective on the reported bankruptcy jitters regarding Genesis Global Trading, CoinDesk's sister company.
Les Marchés des Crypto souffrent – mais est-ce vraiment une « contagion » ?
Bien sûr, cette contagion du crédit Crypto est mauvaise, mais il est peu probable qu’elle se propage à d’autres Marchés.
FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services
Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.
Crypto.com CEO Dismisses Balance Sheet Concerns
In a live question session hosted on YouTube, Kris Marszalek, CEO of crypto exchange Crypto.com, said the company’s balance sheet is strong and its exposure to FTX was limited to $10 million, down from a possible $1 billion in business the two exchanges previously had together. "The Hash" panel discusses the outlook for Crypto.com amid FTX contagion fears.