Cryptocurrency company BlockFi files for bankruptcy weeks after FTX collapse
Cryptocurrency firm BlockFi has filed for Chapter 11 bankruptcy protection following the collapse of FTX. BlockFi listed FTX as its second largest creditor, but expects any recoveries to be delayed….
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Former FTX CEO breaks silence about cryptocurrency company’s collapse
Sam Bankman-Fried, the disgraced former CEO of the cryptocurrency exchange FTX, speaks to a New York Times summit about what led to the company’s financial collapse and the responsibility he…
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FTX crypto exchange bankruptcy sends shockwaves across market
The cryptocurrency firm FTX filed for bankruptcy last week, leaving investors and brokers scrambling. FTX CEO Sam Bankman-Fried stepped down, and government regulators are looking into potential criminal charges. Founder…
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Crypto market tumbles as Binance backs out of FTX deal
The world’s largest cryptocurrency firm Binance has pulled out of a deal to save its rival FTX, triggering panic selling in the markets. Jennifer Schonberger, a senior reporter for Yahoo…
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Cryptocurrency exchange FTX facing potential bankruptcy
FTX, one of the world’s leading cryptocurrency exchanges, is now facing potential bankruptcy as the company scrambles to return remaining funds to investors amid collapse. Each weekday morning, “CBS Mornings”…
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Voyager Digital suspends crypto trading activity
Digital asset brokerage company Voyager Digital is the latest casualty of the cryptocurrency meltdown. CBS News tech reporter Dan Patterson joins Anne-Marie Green to discuss what this means for investors….
Read More »Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’
Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S. He stressed that it’s a “very, very,…
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Experts warn of cryptocurrency crash ahead of interest rate hike
There are concerns the price of cryptocurrencies and other digital assets could tank when the Federal Reserve announces hikes to interest rates to offset inflation. Paul Vigna, a reporter with…
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Don’t fall for these crypto and NFT scams
President Biden signed an executive order this month calling on Congress to examine the risks and benefits of cryptocurrencies. With digital assets expanding in the global economy, it’s becoming more…
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Value of cryptocurrencies drops after Biden signs executive order
The market value of cryptocurrencies fell one day after President Biden signed an executive order establishing the first federal strategy for regulating crypto in the U.S. CBS News’ Tanya Rivero…
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