Binance skirted regulation to become the world’s largest cryptocurrency exchange by trading volume. Now, the company has pleaded guilty in the U.S. and agreed to pay $4.3 billion in fines. Here’s how the same strategy behind the company’s rise brought it crashing down.
Coinbase gets approval to offer crypto futures trading in U.S.
Coinbase, the largest cryptocurrency exchange in the US, has received approval from the National Futures Association to offer crypto futures trading to eligible US customers. This is a major regulatory win for Coinbase and could help to legitimize US trading of the cryptocurrency market.
How Binance And CoinBase Make Money
Binance and Coinbase, along with most crypto companies also offer, staking rewards provide crypto owners a chance to receive income for supporting the token as part of the verification process. Typically, an exchange simply deposits your income, net of any fees, into your account. Coinbase and Binance take a commission on your rewards.
FTX Collapse Hearing: Key Moments From John J. Ray’s Testimony | WSJ
John J. Ray III, the new chief executive of FTX, testified in front of a House committee Tuesday on the collapse of the crypto exchange. His testimony came less than a day after the company founder, Sam Bankman-Fried, was arrested in the Bahamas.
He said FTX incurred losses ‘in excess of $7 billion’ during the hearing.
Why FTX Chose the Bahamas for Its Headquarters | WSJ
More than a year before its collapse, FTX moved its headquarters to the Bahamas—a country that worked to lure crypto companies to its shores. So what makes the nation attractive to crypto? And how could FTX’s demise change that?
Crypto is going to come out the other side of this, says Blockchain Association executive director
Kristen Smith, Blockchain Association executive director, joins Eamon Javers and the ‘CNBC Special: Taking stock’ to discuss the drama surrounding the abandoned FTX-Binance deal and the impact it’s had on the cryptocurrency markets.
How FTX Went Bankrupt | What Went Wrong | WSJ
So the question of whether or not you can reach people in a way that they feel good about or that resonates with them isn’t new.
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall.
Crypto Crashed, Coinbase’s Stock Followed | What Went Wrong | WSJ
Coinbase went public with a highly anticipated listing in 2021, but as the crypto market crashed, the company’s share price dropped by more than 80%. Now it’s working to diversify its revenue.
Coinbase cuts 18% of workforce and bitcoin briefly falls to $20,000: CNBC Crypto World
On today’s show, Emilie Choi, president and chief operating officer of Coinbase, explains the company’s decision to cut its workforce.
Coinbase CEO Brian Armstrong on Cryptocurrency and the Future of Decentralization
Co-founder & CEO of Coinbase, Brian Armstrong started Coinbase in 2012 when bitcoin was $2 and almost no one knew what it was, let alone believed in it. Today, it is the largest cryptocurrency exchange in the USA that just went public at a nearly $100B market cap.