Monday, December 4, 2023
Home > Spurred

Sam Bankman-Fried’s FTX Spurred Almost $300M Loss for Crypto Market Maker Jump Trading, Michael Lewis Says in ‘Going Infinite’

The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 million while its affiliated trading firm, Tai Mo Shan Ltd., lost more than $75 million,

Read More

UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources

As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered

Read More

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

[sociallocker id="55298"] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.”Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel

Read More