US regulators have approved a new breed of financial product that will give people a way to invest in bitcoin through their brokerage for the first time, as if it were a regular stock. A selection of financial institutions, including household names like BlackRock and Fidelity, have been given permission …
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The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices. Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up …
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WeWork has filed for bankruptcy. The move comes as the company is squeezed by mounting debts, high interest rates, and an increasing number of people working from home. WeWork filed for Chapter 11 protections, the company announced Monday night. The process allows a company to continue operating as it reorganizes. …
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In the state of New York, where Sam Bankman-Fried, founder of fallen crypto exchange FTX, is standing trial for fraud, the attorney general has accused a further three high-profile crypto businesses of lying to their customers. Crypto exchange Gemini, run by the Winklevoss twins, Cameron and Tyler, as well as …
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ON THIS WEEK’S episode of Have a Nice Future, Gideon Lichfield and Lauren Goode talk to Michael Casey, chief content officer of the cryptocurrency news site, CoinDesk. Almost a year after a CoinDesk report kicked off a series of events that led to the collapse of Sam Bankman-Fried’s cryptocurrency exchange …
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At first, Anand thought it was just a glitch. He’d read a few tweets saying that withdrawals from FTX—then the second-largest cryptocurrency exchange in the world—had been suspended. But these things had happened before in the crypto market, he said, “when they do server maintenance or something like that … …
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Sam Bankman-Fried just ain’t all that, says Pat Rabbitte. “He’s not that remarkable … I just don’t see it.” Rabbitte was a customer of FTX, the crypto exchange founded by Bankman-Fried that filed for bankruptcy in November. Bankman-Fried is set to go on trial in New York on October 3, …
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Idris Elba learned about crypto at the same time as almost everyone else: when prices went through the roof. The British actor and filmmaker, best known for his roles in TV series The Wire and Luther, watched on during the pandemic as his celebrity peers tried to get in on …
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For a second year running, Revolut, the jewel in the UK’s fintech crown, will fail to file its annual accounts on time. It’s not a good look. Since it launched in 2015, Revolut has grown quickly to 6,000 staff and 25 million customers. In pursuit of a “one app, all …
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If you relied on the Mint app for budgeting, it’s time to start looking for another option. Intuit plans to shut down the free money-management app at the end of this year. Surprises are usually pretty delightful. Presents! Parties! It’s never enjoyable to receive a surprise message that the budgeting …
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