Firms

Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager

Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to …

Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager Read More »

FTX and other crypto firms ditch sports deals as market collapses

FTX and other crypto firms ditch sports deals as market collapses

Cryptocurrency companies poured billions of dollars into sports sponsorships in 2021 — but this year’s downturn has made the flood of cash dry up, The Post has learned.  As a so-called “crypto winter” takes hold and companies look to trim costs, firms that splurged heavily on sports deals last year are now looking to cut …

FTX and other crypto firms ditch sports deals as market collapses Read More »

The Crypto Firms That Bought Those Super Bowl Ads Aren’t So Super Anymore

The Crypto Firms That Bought Those Super Bowl Ads Aren’t So Super Anymore

Crypto dominated the largest stage in the world with a series of ads during Super Bowl LVI. Now those companies are in the spotlight again as their industry falters. Four crypto firms were most prominent during the football game: Coinbase, COIN 0.33% Crypto.com, eToro, and FTX. Their spots helped lift total crypto ad spending in …

The Crypto Firms That Bought Those Super Bowl Ads Aren’t So Super Anymore Read More »

Three crypto firms are down bad this week, and things may get worse

Three crypto firms are down bad this week, and things may get worse

This week has revealed to the average investor just how interconnected cryptocurrency firms are. Two firms have frozen withdrawals, and a cryptocurrency hedge fund is in trouble. Celsius Network, Babel Finance, and Three Arrows Capital are floundering, and it’s not yet clear how extensive the damage may be. All three firms managed other peoples’ money …

Three crypto firms are down bad this week, and things may get worse Read More »