January 20, 2023 | Daily Business Review
Bankrupt Genesis Owes Its Top 50 Creditors $3.4 BillionGenesis's biggest creditor is a $766 million claim related to customers of crypto exchange Gemini, who have money stuck with Genesis's lending unit.
By Sidhartha Shukla, Joanna Ossinger and Suvashree Ghosh
2 minute read
December 05, 2022 | Daily Business Review
Crypto CEOs Fearing Worst Yet to Come Cut More JobsExchanges are at the epicenter of the industry's crisis because trading volumes have fallen sharply as a $2 trillion drop in cryptoassets' market value drove retail traders away.
By Philip Lagerkranser, Joanna Ossinger and Suvashree Ghosh
2 minute read
June 23, 2022 | Daily Business Review
Bitcoin Advances as Concerns Over Deleveraging 'Cascades' EaseCrypto markets are struggling to consolidate after declining precipitously in recent months as the Federal Reserve hiked interest rates to fight inflation.
By Joanna Ossinger
3 minute read
June 15, 2022 | Daily Business Review
Bitcoin's Unrelenting Sell-Off Puts Prices on Verge of $20,000The crypto market now stands at a fraction of its heights in late 2021, when Bitcoin traded at a heady $65,000 and traders poured cash into speculative investments of all stripes.
By Joanna Ossinger and Tanzeel Akhtar
3 minute read
June 14, 2022 | Daily Business Review
Bitcoin Turns Lower Again as Celsius Weighs on SentimentCryptocurrencies have become emblematic of a flight from speculative assets as monetary policy is tightened around the world to fight inflation, draining liquidity from global markets.
By Joanna Ossinger and Suvashree Ghosh
3 minute read
May 19, 2022 | Daily Business Review
Kolanovic Says Stocks 'Can Climb Out of This Hole'Bolstering JPMorgan Chase & Co. co-head of global research Marko Kolanovic's opinion is a conviction that U.S. inflation has probably peaked, paving the way for a pullback in price pressures that will eventually allow the Federal Reserve to moderate the pace of monetary tightening.
By Joanna Ossinger
4 minute read
April 25, 2022 | Daily Business Review
Bitcoin Touches 6-Week Low as Risk-Off Mood Gathers MomentumBitcoin extended this month's losses in Monday trade as investors shied away from risk assets amid a more hawkish outlook for Federal Reserve policy tightening.
By Joanna Ossinger and Sidhartha Shukla
3 minute read
April 11, 2022 | Daily Business Review
Bitcoin Declines as 'Sugar Rush' From Miami Crypto Event FadesSince peaking at just above $48,000 in late March, Bitcoin has been dragged lower by concerns about tighter monetary policy.
By Joanna Ossinger
3 minute read
April 05, 2022 | Daily Business Review
Regulator Moves to Crypto World as JST Hires From NY FedMartin Grant, who served as the Federal Reserve Bank of New York's chief compliance and ethics officer for more than 15 years, is one of the latest in a string of crypto hires from the regulatory world, as the industry prepares for increased interest and oversight from government.
By Joanna Ossinger
2 minute read
March 28, 2022 | Daily Business Review
Bitcoin Erasing 2022's Losses Has Bulls Predicting More GainsBitcoin has been stuck in a tight path as the Federal Reserve and other central banks remove some of the stimulus measures they put in place in response to the pandemic downturn.
By Joanna Ossinger, Vildana Hajric and Emily Nicolle
4 minute read
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