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Report: Lender Babel Finance Lost $280M Trading Customer Funds
Hong Kong crypto lender Babel Finance reportedly lost $280 million in proprietary trades with customer funds, according to The Block. Babel Finance suspended withdrawals in June amid the liquidity crisis and “The Hash” panel discusses the ongoing contagion and their outlook for crypto regulation.
‘Cryptojacking’ Targeting Retail, Financial Sector Skyrockets: Report
The number of “cryptojacking” cases across the financial sector has risen by 269% in the first half of 2022, according to SonicWall. The cybersecurity firm’s report also shows cyberattacks targeting the finance industry are now five times higher than attacks on retail. SonicWall President Bill Conner joins “First Mover” with details on the report.
Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers
The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) ordered Voyager to cease any representations that customers' funds would be protected in case of the company's failure, according to an FDIC statement published Thursday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the latest move.
Bitcoin Heads for Best Month Since October as Inflation Rises
Bitcoin is on track for its best month since October, as a busy week for U.S. economic news ends with a fresh inflation surprise. EToro Crypto Consultant Glen Goodman joins “First Mover” with his market analysis as annual PCE increases 6.8% in June.
IMF Official on Crypto Sell-Off and ‘Gloomy’ Economy
Crypto market collapses aren’t a worry for global financial stability, the International Monetary Fund (IMF) said Tuesday in a report that nonetheless raised grave concerns about the global economy.
How DAOs Are Transforming the Future of Sports
Draftly Founder Nick DeNuzzo and Athlete Assets VP of operations Austin Surhoff join the special "Sports Week" edition of "Community Crypto" to discuss the significance of financial education for athletes and colleges before crypto companies approach them for sponsorship deals. Plus, a conversation on how sport DAOs brings inclusion to ordinary fans and players, breaking down the hierarchical system of sports where wealthy owners have all the power.
Crypto Sponsorships Are Giving Student Athletes More Than Just Money
Crypto sponsorships not only provide student athletes with opportunities to monetize their talents, but also give them "exposure to contracts and business transactions," Draftly Founder Nick DeNuzzo says on "Community Crypto." Athlete Assets VP of operations Austin Surhoff also joins the special episode during CoinDesk's "Sports Week" and discusses how NFTs are becoming a new revenue for college sports players.
Bitcoin Approaches $24K as US GDP Fell 0.9% In Q2
Bitcoin (BTC) rallies near $24,000 as recession fears linger. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day and explains how bitcoin is reacting to rising inflation and recent moves from the Federal Reserve.
Bitcoin Outlook as Yellen Says US Economy Not in Recession
Treasury Secretary Janet Yellen said the US economy is not in a recession, despite GDP falling 0.9% in the second quarter. Tactive Wealth Advisor Eddy Gifford reacts to Yellen's latest comments and shares his insights on whether the bitcoin rally is here to stay.