Kevin O’Leary says he’s lost $9.7 million in crypto on FTX

Kevin O’Leary, the Chairman of O’Shares and star investor on the TV show Shark Tank, has revealed he is “all at zero” with regard to his FTX investment. His remarks follow the cryptocurrency exchange‘s bankruptcy filing after a shocking collapse in November. O’Leary was speaking on CNBC’s ‘Squawk Box’ on Thursday, and according to him, […]

Cathie Wood Year in Review: Many Ideas, Big Losses

Published by The Street By Dan Weil Wood argues that the drops in price of her young, disruptive technology stocks merely provide buying opportunities. Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, has offered plenty of interesting ideas about the economy and stock market this year. But for her clients, Mama Cathie, […]

Normalcy returning to crypto markets, on-chain data shows

Over the last few months, the crypto market has largely been pretty serene. Bitcoin had been in crab motion around $20,000 for quite a while, as it plodded along while waiting for the wider macro conditions to make a move. I wrote in late October to be cautious around this price action, and that Bitcoin […]

Crypto lender Celsius ordered to return crypto worth $44M to customers

The funds in question are cryptocurrencies held within custody accounts on Celsius that were yet to be transferred from earned accounts. KEY TAKEAWAYS The order was given by a United States Bankruptcy in a December 7, 2022 hearing. The amount is only a fraction of the billions that Celsius owes creditors. Celsius advisers and stakeholders […]

What’s that coming over the hill? Is it regulation?

Published by City AM By Darren Parkin by Jason Tucker-Feltham, Head of Crypto Sales, IDnow The world of crypto was shaken to its foundations in November when FTX, one of the world’s largest crypto exchanges, dramatically filed for bankruptcy. Its boss, Sam Bankman-Fried, went from being the self-proclaimed ‘King of Crypto’ to tweeting his sorrow […]

Binance’s CZ among experts to teach crypto at MasterClass

Streaming platform MasterClass has announced a cryptocurrency and blockchain class that will be taught by some of the leading experts and personalities in the industry. A press release obtained by Invezz shows that one of the leading voices to teach the new class will be Changpeng ‘CZ’ Zhao, the founder and CEO of Binance. As […]

What next for crypto in the wake of the FTX scandal?

By Darren Parkin by Temple Melville, CEO of The Scotcoin Project Community Interest Company (CIC) Now that FTX has shown itself to be a mere scam, all eyes are turning to the main crypto markets once more, and what the future holds for them. The first thing, of course, is that regulation will now come […]

Bitcoin is ‘a top contender to outperform gold’

Bitcoin (BTC/USD) may be struggling to hold onto the last bull market’s gains with the benchmark cryptocurrency’s price just below $17,000, and more than 66% down in the past year. While the ‘digital gold’ has lost two-thirds of its value in the past year, gold has declined by about 3% year-to-date. Over the past year, […]