How billionaire Bankman-Fried survived the slump and still expanded

How billionaire Bankman-Fried survived the slump and still expanded

FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multi-billion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of … Read more

Here’s what the market wants to see

Here’s what the market wants to see

Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images An improvement in macroeconomic factors, a particular trading pattern and a further shakeout of companies and projects could be the key ingredients required for bitcoin and the broader crypto market to bottom, industry players told CNBC. Bitcoin has plummeted more than 70% from its … Read more

5 things to know before the stock market opens Tuesday, June 21

5 things to know before the stock market opens Tuesday, June 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures … Read more

5 things to know before the stock market opens Thursday, June 16

5 things to know before the stock market opens Thursday, June 16

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to plunge as stocks’ post-Fed rate hike rally vanishes A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in … Read more

5 things to know before the stock market opens Monday, June 6

5 things to know before the stock market opens Monday, June 6

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce after Wall Street’s losing week Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters Wall Street was set to … Read more

Binance raises $ 500 million fund to invest in Web3 startups

Binance raises $ 500 million fund to invest in Web3 startups

Binance is the world’s largest cryptocurrency exchange, handling $ 490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $ 500 million for its debut … Read more

Bitcoin prices sink, Gary Vee on state of NFT market, Coinbase slashes spending: CNBC Crypto World

Bitcoin prices sink, Gary Vee on state of NFT market, Coinbase slashes spending: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, CNBC’s Tanaya … Read more

China economic data, Covid, inflation

China economic data, Covid, inflation

SINGAPORE – Shares in the Asia Pacific rose on Monday as investors watched for a slew of Chinese economic data. Japan’s Nikkei 225 gained 1.54%, while the Topix advanced 0.93% in early trading. The Kospi in South Korea rose 0.46%, and the Kosdaq was 1.43% higher. In Australia, the S & P / ASX 200 … Read more

5 things to know before the stock market opens Thursday, May 12

5 things to know before the stock market opens Thursday, May 12

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop after Wall Street extends its multiday losing streak Traders on the floor of the NYSE, May 11, 2022. Source: NYSE US stock futures dropped Thursday as the broad sell-off and revaluation of risk assets … Read more

5 things to know before the stock market opens Tuesday, May 10

5 things to know before the stock market opens Tuesday, May 10

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 hits lowest level in over a year Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2022. Brendan McDermid | … Read more