Thursday, September 28, 2023

Crypto Is Losing a Big Trader. One of Its Largest Exchanges May Also Be Worthless.

Must read

Dow Jones Futures Rise After Market Rallies Off Lows; Tesla Falls On This Warning

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Micron Technology (MU) reported after the close, while Peloton...

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Sundry Photography/ShutterstockThe housing market can't get much worse from here, according to Redfin CEO Glenn Kelman.High mortgage rates and high prices have crushed affordability...

These 10%-Yielding Dividend Stocks Look Very Attractive Right Now, Analysts Say

What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact...

  • Order Reprints
  • Print Article

The world of cryptocurrency remains in turmoil. The dust hasn’t settled, but it looks like the market will lose one one of its most influential trading firms, and possibly one of the largest exchanges.

FTX—once one of the largest venues for crypto trading—stands at the heart of a meltdown in digital asset market. Prices of Bitcoin prices have fallen 15% in days, even counting a surge as markets took off on Thursday, amid selling in response to fear that there could be painful knock-on effects across the crypto landscape.


More articles

Latest article

Dow Jones Futures Rise After Market Rallies Off Lows; Tesla Falls On This Warning

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Micron Technology (MU) reported after the close, while Peloton...

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Sundry Photography/ShutterstockThe housing market can't get much worse from here, according to Redfin CEO Glenn Kelman.High mortgage rates and high prices have crushed affordability...

These 10%-Yielding Dividend Stocks Look Very Attractive Right Now, Analysts Say

What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact...

Costco says its 1-ounce gold bars are real and have been selling out in hours

You can buy all sorts of things at Costco, including solid gold.VIEW press/Getty ImagesCostco has been selling one-ounce gold bars.The retailer limits them to...