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Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets.
The job cuts would equate to a reduction of almost 45% of Swyftx's workforce.
The exchange is trying to ‘refocus' amid a ‘deepening bear market', its CEO said on Twitter.
The U.S. economy added 263,000 jobs in November, more than expected. The unemployment rate remained the same at 3.7%. OANDA Senior Market Analyst of The Americas Edward Moya discussed the impact of the new economic report on crypto markets. Following the FTX crash, could regulation go too far? Tonya Evans, Penn State Dickinson Law professor,…
In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.
Plus: What happens when you go from bitcoin-only to … not? Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor.
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
Decentralized exchanges are retooling their public-facing approach.
Liquidators for Three Arrows Capital (3AC) have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore three months after getting the nod from that country’s High Court to begin probing 3ACs assets in the country.
The most obvious is that, while Bankman-Fried is defying whatever legal and PR advisors he can still afford to pay, he is nonetheless pursuing a “strategy” of his own devising. Despite the admissions above, he is advancing an obfuscated version of events according to which he was hapless, distracted, and not really in charge of…