Goldman Sachs ready to buy crypto firms after FTX bankruptcy

Wall Street

In the midst of FTX’s collapse and tanking crypto company valuations, leading financial services firm Goldman Sachs is eyeing up investment opportunities while prices are low.

During an interview with news outlet Reuters, Goldman Sachs executive Mathew McDermott said Wall Street are closely following the fallout from the collapse as calls for regulation in the industry grow stronger.

McDermott said the firm believes investment opportunities are now “priced more...

Ego Huang, CEO, Deepcoin: Managing risk as a CEX

Crypto Exchange

In the aftermath of FTX's collapse, all eyes are on centralised exchanges to see how they are reacting - and responding - to the major industry shakeup.

The Block sat down with the CEO of crypto derivatives exchange Deepcoin, Ego Huang, to get a preliminary glimpse at some of the topics being discussed at Blockchain Expo Global on 1-2 December.

The Block: We may as well start by addressing the elephant in the room, FTX. What has Deepcoin learned from this debacle and...

Sam Bankman-Fried deepfake aims to scam FTX collapse victims

A deepfake of former FTX CEO Sam Bankman-Fried aims to scam victims of the exchange’s collapse.

FTX was the third-largest cryptocurrency exchange and Bankman-Fried was seen as the face of crypto in Washington. The exchange enjoyed many celebrity endorsements and secured a 19-year, $135 million sponsorship agreement with Miami-Dade county that included the local stadium being renamed the FTX Arena.

All of that success went up in smoke when concerns around the...

Poor market conditions are encouraging a crypto acquisitions spree

Two leading crypto firms, Ripple and FTX, have said they are looking to drive growth through acquisitions in interviews with CNBC at the 2022 annual meeting of the World Economic Forum.

The confidence suggests some crypto firms feel established and capitalised enough to weather the market downturn and still spend on acquisitions.

Brett Harrison, president of crypto exchange FTX’s US branch, told CNBC that the company is in “a very good spot in terms of our capital...

FTX’s Bankman-Fried could donate $1 billion in 2024 US elections

Sam Bankman-Fried, billionaire altruist and FTX exchange founder, has claimed he could donate upwards of $1 billion (£796m) to help influence the outcome of the 2024 United States presidential election.

In an interview on the “Whats Your Problem?” podcast, Bankman-Fried said he would spend “north of $100 million (£79.6m)” on the next presidential election cycle with a “soft ceiling” of $1 billion.

The multi-billionaire went on to state: “I would hate to...

Blockchain start-ups see record Q2 despite crypto plunge

Plant growing from coins

Blockchain start-ups worldwide raised a record £3.2 billion in funding during Q2 2021, in spite of the significant decline the cryptocurrency market has been experiencing since mid-April.

This data, collected by analytics firm CB Insights in its 'State of Fintech' report, represents a 50% increase over last quarter and a ninefold increase compared to the same time last year.

The global fintech industry also reached new heights in this quarter, with £22.4 billion being...