World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse
Despite the recent collapse of FTX, the technology behind cryptocurrency remains relevant for the future, according to Larry Fink, the CEO of major investment fund BlackRock. "We're going to have to wait to see how this...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
"We're going to have to wait to see how this all plays out [with FTX]", Fink was quoted by the news agency Reuters. "I mean, right now, we can make all the judgment calls and it looks like there were misbehaviors of major consequences.”...
Read More: World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump
Bitcoin Magazine Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump Daily liquidations...
Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy's MSTR in the second quarter, just before Michael Saylor’s Bitcoin a...
Bitcoin Price Prediction: BlackRock Just Cut Its Bitcoin ETF Minimum by 96%
Bitcoin is sitting roughly 30% below where it started the year, a level that would normally trigger a negative price prediction. I...
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 4...
SEC Proposes Regulation Crypto Assets, Its First Major Crypto-Specific Offering Rules, With Two Exemptions and a Safe Harbor
SEC Tuesday proposed Regulation Crypto Assets, the agency’s first rulemaking written specifically for crypto asset offerings. The...
Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding rou...