The cryptocurrency market has rebounded in recent weeks, with bitcoin BTCUSD, -2.03% and other digital assets almost recovering their losses since the collapse of the FTX cryptocurrency exchange. Now, many investors wonder whether this is the end of the bear market for crypto, or just a temporary resurgence. To answer this question and shed more … Read more
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. As crypto lender Genesis reportedly prepares to file for bankruptcy as early as this week, I caught up with David Siemer, chief executive at Wave Financial Group and Hany Rashwan, chief executive at 21Shares, to talk about its potential impact. Meanwhile, founders … Read more
Bankrupt crypto exchange FTX’s FTT token jumped over 35% after the Wall Street Journal reported that the company’s new chief executive John J. Ray III is looking at the possibility of restarting the exchange. FTT rallied to as high as $2.5 on Thursday, according to CoinDesk data. Ray has set up a team to explore … Read more