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Marchés

Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle

Blockchain true believers say the nascent industry represents an existential threat to traditional finance. But now's probably not the time for Wall Street to gobble up ailing crypto firms, analysts say.

Wall Street sign with American flags and New York Stock Exchange in Manhattan, New York City, USA. (Getty Images)

Finance

Jefferies CEO Expressed Doubts About Sam Bankman-Fried in July

Rich Handler, a restructuring expert, said SBF was "over his head" in trying to rescue crypto outfits.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Finance

Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal

Concerns around FTX's health along with the broader crypto ecosystem spilled into the stock market Wednesday.

(Sophie Backes, Unsplash)

Finance

Crypto Exchange Coinbase Draws Mixed Reaction on Wall Street After Weak Q3

Trading volume was down, but the company is trying to diversify its revenue.

(Unsplash)

Finance

Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes

Two analysts downgraded their recommendations on Argo's shares.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Vidéos

Goldman Still Sees Strong USD; Bitcoin Miners Downgraded Amid Bear Market Woes

A Goldman Sachs strategist wrote a peak in the U.S. dollar "feels several quarters away," which could be bad news for bitcoin (BTC). Bitcoin miners Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded by Wall Street investment bank DA Davison due to bear market woes. Terraform Labs co-founder Do Kwon is rumored to have left Singapore for Dubai, according to Bloomberg.

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Finance

BNY Mellon Says Client Demand for Crypto Led to Custody Offering

Executives from the world's largest custodial bank spoke on the company’s earnings call Monday morning.

Nasdaq está ofreciendo servicios de custodia de criptomonedas. (Tim Evans/Unsplash)

Vidéos

Valkyrie Funds, Ark Invest To Offer Crypto SMAs

Valkyrie Funds and Ark Invest are the latest fund managers to announce crypto SMA plans on the heels of Franklin Templeton, a sign of the maturing crypto product industry with Wall Street involvement. Frank Downing, director of research at Ark Invest, joins Valkyrie CIO Steven McClurg to discuss the latest developments. Plus, their end-of-year crypto outlook amid recession concerns.

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Finance

Crypto Bank Silvergate Capital's Shares Fall After Wells Fargo's Bearish Call

The bank's analysts say Silvergate's growth potential is limited during crypto winter.

(Andriy Onufriyenko/Getty Images)

Vidéos

Bitcoin Hovers Around $19K as Wall Street Sell-Off Intensifies

Wall Street is seeing a major sell-off with tech stocks like Apple leading the charge lower as recession jitters linger. Tactive Wealth Advisor Eddy Gifford discusses his crypto markets analysis and outlook as bitcoin remains rangebound between $18,000 and $20,000 despite the market slump for U.S. stocks.

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