News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo
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Technical Analysis: 08/03/2023 – NZDUSD hovers near today’s 3½-month trough
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In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
FTX Probably Won’t Be Bailed Out: Nexo’s Trenchev
Antoni Trenchev, co-founder of crypto lender Nexo, talks about the prospects of someone buying FTX.com. He’s on “Bloomberg Crypto.”
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Could FTX’s Bankruptcy Filing Signal a Long Crypto Winter? | WSJ Tech News Briefing
Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research.
WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.
https://www.wsj.com/articles/crypto-exchange-binance-agrees-to-acquire-rival-ftx-11667924737?st=o689sm1qhxiujmb &reflink=desktopwebshare_permalink
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?st=smf56upix8cqvgs &reflink=desktopwebshare_permalink
Photo: Stefani Reynolds/Agence France-Presse/Getty Images
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Coinbase Job Cuts | Bloomberg Crypto 1/10/2023
“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Antoni Trenchev, Co-Founder of crypto lender Nexo, says the most important thing in the industry is disclosures. Sujit Raman, General Counsel at blockchain analytics firm TRM Labs, says the government moved quickly with the FTX case and is looking to have as many cooperators as possible.
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