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FTX Group, which includes the FTX.com entity as well as FTX US, Alameda Research and “approximately 130 additional affiliated companies” have all filed for chapter 11 bankruptcy proceedings, according to a press release. CEO and founder Sam Bankman-Fried also resigned his role, but will "assist in an orderly transition." John
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Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet. Original Source
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Cryptocurrency-exposed stocks rose as Bitcoin and Ethereum advanced following Wednesday's Federal reserve meeting which included a rate hike. Source
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Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments. Original Source
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Schwab Asset Management, the asset management arm of financial giant Charles Schwab, has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies. In a Friday announcement, Schwab said its Crypto Thematic ETF was expected to be available for trading on the New York Stock Exchange’s Arca under the
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U.S.-based users of Wirex will be able to use the company’s app to buy, store and exchange 37 different cryptocurrencies, as well as traditional currencies. The service is available to all states except New York and Hawaii, which is coming later this year, according to Wirex. Source
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Visa has now partnered with more than 65 crypto platforms and exchanges. In addition, the payments giant revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter, “which is already 70% of the payments volume for all of fiscal 2021.” Visa Outlines Crypto Strategy and Achievements Visa Inc. discussed
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Visa users made $2.5 billion in payments with crypto-connected cards during the company’s fiscal first quarter, Visa CEO Al Kelly said in its earnings call Thursday.The figure for the quarter was 70% of Visa’s crypto volume for all of fiscal 2021, Kelly added on the call with analysts. Over 65
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The firm, which facilitates transactions between investment banks, hedge funds and other large financial institutions, has been trading in Europe for clients such as Goldman Sachs, Flow Traders and Jane Street, TP ICAP digital assets’ co-heads Simon Forster and Duncan Trenholme told CoinDesk in an interview. Original Source
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The card will be available to customers in the U.K., France and Germany in the first quarter of 2022, and for U.S. customers in the second quarter. Crypto Life will initially support BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH and LTC, the company said. A waitlist is currently open
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