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Britain lays out plans to regulate crypto industry after FTX collapse

British Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University, January 30, 2023. Oli Scarff | Wpa pool | Getty Images News The UK has officially outlined plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the …

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The crypto collapse and the end of the magical thinking that infected capitalism

At a guest lecture at a military academy when the price of one Bitcoin approached $60,000, I was asked, as finance professors often are, what I thought about cryptocurrencies. Instead of responding with my usual skepticism, I polled the students. More than half of the participants traded cryptocurrencies, often financed by loans. I was stunned. …

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After the spectacular collapse of FTX, where is crypto going next?

It’s been a brutal year for cryptocurrencies. Even before the dramatic collapse of trading platform FTX last month, the price of bitcoin had fallen significantly in 2022 — a result of rising interest rates, its increasing correlation with failing tech stocks, and volatility stemming from other parts of the crypto ecosystem. . After hitting an …

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La Jolla’s Silvergate Capital is facing questions from US lawmakers amid the collapse of the FTX crypto exchange

La Jolla-based Silvergate Capital has made a name for itself in recent years as one of several traditional banks providing deposit, fund transfer, security and other services to the cryptocurrency trading market. But two high-profile crypto-exchange bankruptcies — one of which allegedly involved fraud — have rattled the small financial institution’s stock and caught the …

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