contagion

Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.

Nov 22, 2022

"We're not expecting any bailouts here," CoinFund President Chris Perkins says on the continued contagion spreading throughout the crypto industry this year. Perkins, who was on the floor when Lehman Brothers went bankrupt, shares his perspective on the reported bankruptcy jitters regarding Genesis Global Trading, CoinDesk's sister company.

Nov 22, 2022

By Nathaniel WhittemoreNov 19, 2022

Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.

Nov 18, 2022

By Nathaniel WhittemoreNov 16, 2022

By Nathaniel WhittemoreNov 15, 2022

In a live question session hosted on YouTube, Kris Marszalek, CEO of crypto exchange Crypto.com, said the company’s balance sheet is strong and its exposure to FTX was limited to $10 million, down from a possible $1 billion in business the two exchanges previously had together. "The Hash" panel discusses the outlook for Crypto.com amid FTX contagion fears.

Nov 14, 2022

Four months after the collapse of the Terra ecosystem and its algorithmic stablecoin UST, Terraform Labs co-founder Do Kwon and five other individuals have been issued an arrest warrant by a South Korean court on charges of violating the Capital Markets Act. "The Hash" panel discusses the latest in the aftermath of the Terra contagion that triggered an industry-wide fallout.

Sep 14, 2022

Solidus Labs Chief Operating Officer Chen Arad discusses his reading of the recent surge in ether (ETH) options and its impact on bitcoin (BTC) ahead of Ethereum’s upcoming “merge” from a proof-of-work to proof-of-stake consensus mechanism. Plus, his take on the latest crypto contagion and the lessons learned.

Aug 1, 2022

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the legal and regulatory implications of Tesla CEO Elon Musk’s termination of buying Twitter. Plus, an update on the Three Arrows Capital (3AC) crypto contagion.

Jul 12, 2022