Tag Archives: ftx

Cathie Wood of Ark Investment Management said that she feels bitcoin – the world’s number one digital currency by market capitalization – could wind up hitting a price of $1.5 million by the year 2030. Cathie Wood Is Predicting Big Things for BTC This is a tad different from the comments she made in early January of this year. During that time, Wood was confident that bitcoin would only reach a price of $1 million by the year 2030. Now, it looks like she’s upping the...

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FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and Voyager Are Now at Odds Voyager Digital filed for bankruptcy back in the summer of 2022. The company collected (allegedly) nearly $250 million from the former digital exchange in September, plus an additional $194 million about a month later. FTX also made interest payments...

2023 is slated to be – according to various analysts – the year in which bitcoin and the crypto market heal themselves, but per Galaxy Digital CEO Mike Novogratz, things aren’t going to work out that way. Mike Novogratz: Not Much Will Happen This Year The bitcoin bull says that while 2023 will open the door to some of the healing these analysts expect to see, we aren’t going to witness any serious bull runs, nor will the digital asset space endure serious levels of...

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Blockchain analysis firm Chainalysis says in a new report that crypto crime fighting has been effective to some degree. While the amount of crime hasn’t necessarily fallen in recent years, the fight against it has limited criminals to certain platforms when cashing out, transferring their stolen funds into fiat, or engaging in illicit transactions. New Chainalysis Report Says Criminals Don’t Have That Many Enterprises In its report, Chainalysis says most criminals are...

White House officials Brian Deese, Arati Prabhakar, Cecilia Rouse, and Jake Sullivan have penned a letter calling on Congress to instill stricter crypto trading laws to ensure that something like the FTX debacle never occurs again. A Letter to Those in Charge The letter states: Congress could also make our jobs harder and worsen risks to investors and to the financial system. Legislation should not greenlight mainstream institutions, like pension funds, to dive headlong...

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