Exchanges
FTX CEO blames Fed Reserve for bear market, will step in to prevent ‘contagion’
SBF said the current downturn is a direct consequences of the Fed's decision to hike interest rates by such a high margin.
Coinbase
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Exchanges
Kraken CEO lashes out against some employees for being ‘bad fit’
Jesse Powell said that the actions of some employees is negatively impacting the productivity of others because their focus has shifted from the company’s culture.
Analysis
BitMEX founder Arthur Hayes highlights danger of further decline in Bitcoin, Ethereum prices
Hayes says only prayers can save the crypto market if the value of Bitcoin and Ethereum were to crash below a certain threshold.
Exchanges
Binance CEO says firm is ‘expanding hiring’ despite market crash
Several companies like Coinbase, Robinhood, and Gemini have been forced to cut staff and hiring due to the current bear market.
Exchanges
Coinbase top executives reportedly made over $1B via stock sales
One of Coinbase co-founders has sold close to $500 million of his shares of the company.
Exchanges
Coinbase to slow hiring and expansion due to market downturn
The U.S. exchange is struggling to maintain its projected growth as its earnings dropped alongside the wider market.
Analysis
Analyst says crypto stocks performance is proof we are in bear market
The poor performance of the crypto stocks mirror that of the crypto industry where the value of digital assets have plummeted to new lows.
Crime
UK thieves targeting phones to steal crypto
One victim of the attack revealed that a mugger forced him to open his phone with a fingerprint, changed his security settings, and stole £28,700, including cryptocurrency.
NFTs
Coinbase’s NFT marketplace is not getting the entry it expected
Coinbase NFT marketplace has recorded a slow start to life when compared with its competitors.
NFTs
Kraken joins list of centralized exchanges with NFT marketplace
Kraken’s marketplace offers users an avenue to carry out gas free NFT transactions.
Exchanges
Blockchain.com aiming for IPO in 2022
Blockchain.com is looking to conduct an initial public offering and could become the latest crypto firm to go public.
Regulation
Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty
India's payment system operator, revealed that it did not know that crypto exchanges were using its services for their operations.