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Top related persons:
explainers - 2 Brent Xu - 2 stablecoin - 1 Robinhood - 1 Binance - 1
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Top related orgs:
CNBC Crypto - 2 CNBC - 2 PayPal - 1 Paxos - 1 SEC - 1

Search resuls for: "Brent Xu"


7 mentions found


☆ PayPal launches dollar-backed stablecoin issued by Paxos: CNBC Crypto World
  + stars: | 2023-08-07 | by ( Kate Rooney | Jordan Smith | Talia Kaplan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal launches dollar-backed stablecoin issued by Paxos: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brent Xu, the founder and CEO at Umee, discusses the price movement of altcoins as regulatory uncertainty has weighed on investors this year. He also provides his outlook for these cryptocurrencies.
Persons: stablecoin, explainers, Brent Xu Organizations: PayPal, Paxos, CNBC Crypto, CNBC
☆ Crypto altcoins plunge following SEC charges, and Robinhood to delist some tokens: CNBC Crypto World
  + stars: | 2023-06-12 | by ( Mackenzie Sigalos | Jordan Smith | Talia Kaplan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto altcoins plunge following SEC charges, and Robinhood to delist some tokens: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brent Xu, the founder and CEO of Umee, weighs in on altcoin price movement following the SEC's charges against Binance and Coinbase.
Persons: Robinhood, explainers, Brent Xu, Binance Organizations: SEC, CNBC Crypto, CNBC
☆ Ether rises above $1,200, and Grayscale explores returning some investor money: CNBC Crypto World
  + stars: | 2022-12-20 | by ( Mackenzie Sigalos | Jordan Smith | Talia Kaplan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther rises above $1,200, and Grayscale explores returning some investor money: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Umee founder Brent Xu discusses the future of DeFi following the collapse of FTX.
☆ Crypto's Lehman moment: Here's how Sam Bankman-Fried's FTX compares to the biggest collapse of the Global Financial Crisis
  + stars: | 2022-11-11 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Experts have drawn comparisons between the collapse of crypto exchange FTX and the fall of Lehman Brothers in 2008. Here's how the two events compare and what FTX's fall means for the broader financial system. In the years leading up to the Great Financial Crisis, Lehman loaded its balance sheet with vast amounts of subprime mortgage debt. When the "bank run" began this week, FTX didn't have the funds to meet withdrawal requests. But compared to 14 years ago, it probably won't be FTX's downfall that sparks a broader financial crisis, Allen said.
☆ Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
  + stars: | 2022-11-09 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +8 min
Here's the short of it: The once-top-dog crypto firm, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid significant liquidity issues and rumors of insolvency. But Binance CEO Changpeng "CZ" Zhao seemed to think saving a floundering FTX was worth the risk of any future downside. CoinDesk published a revealing report on November 2 about the crypto trading firm Alameda Research, another branch of Sam Bankman-Fried's empire. It turns out that the trading firm held billions of dollars' worth of FTX's native token, FTT. Anthony Georgiades, co-founder of blockchain company Pastel Network told me he doesn't think Binance is too concerned about making those investors whole again at this point.
☆ Binance is buying FTX amid 'significant' liquidity issues. Here's how billionaire Sam Bankman-Fried's exchange got here.
  + stars: | 2022-11-08 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Binance reached an agreement to purchase Sam Bankman-Fried's crypto exchange FTX on Tuesday. Here's what happened as FTX went from market heavyweight to being acquired by a rival. Balance sheets and billionairesBankman-Fried's empire is diverges in two branches: FTX, a cryptocurrency exchange, and Alameda Research, a crypto trading firm. The price of other cryptocurrencies including Solana's SOL, bitcoin, and ether dropped Tuesday as well, as worries seeped across the broader crypto market. "Binance is likely coming in and saying they will cover the liabilities for FTX, and then effectively have FTX hand over the rest of their assets."
☆ What crisis? High-stakes crypto lending looks here to stay
  + stars: | 2022-09-21 | by ( Elizabeth Howcroft Hannah Lang | Elizabeth Howcroft | Hannah Lang | ) www.reuters.com   time to read: +9 min
Institutional crypto lending involves lending cryptocurrencies as well as cash in return for a yield. Unsecured lending has become common across the crypto industry, according to the review of filings and the interviews. Crypto research firm Arkham Intelligence put the figure in the region of $10 billion, for instance, while crypto lender TrueFi said at least $25 billion. BULLISH ON BORROWINGWhile Blockchain.com has largely pulled back from unsecured lending, many crypto lenders remain confident about the practice. Sid Powell, co-founder and CEO of unsecured crypto lending platform Maple, said institutional crypto lenders were more cautious after Three Arrows' insolvency, but conditions have since normalized and lenders are now again comfortable lending unsecured.
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