Joanna Ossinger

Joanna Ossinger

January 20, 2023 | Daily Business Review

Bankrupt Genesis Owes Its Top 50 Creditors $3.4 Billion

Genesis'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 Jobs

Exchanges 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' Ease

Crypto 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 $20,000

The 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 Sentiment

Cryptocurrencies 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 Momentum

Bitcoin 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 Fades

Since 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 Fed

Martin 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 Gains

Bitcoin 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