Indonesia aims to launch its much-anticipated state-backed crypto exchange by mid-2023, according to the country’s Commodity Futures Trading Regulatory Agency (Bappebti), which currently oversees digital assets. In a recent interview, Didid Noordiatmoko, head of Bappebti, said that the new exchange will be established by mid-2023, Bloomberg reported. He added that the exchange will be run by…
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According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert. Lawyers representing former FTX CEO Sam Bankman-Fried in federal court have requested an extension to file a proposal related to his bail conditions. In a Feb. 24 filing with…
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Disgraced FTX founder Sam Bankman-Fried is facing more criminal charges, including charges for concealing information from banks. In an indictment unsealed on Thursday this week, Bankman-Fried was charged with four additional criminal counts on top of the eight original charges against him. The new charges revolved around bank fraud, operating an unlicensed money-transmitting business, and…
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Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago…
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According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy…
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The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would otherwise have gone to good guys.” Kraken’s CEO Has a…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ‘Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls’, Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain Read…
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Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets. The hedge fund confirmed the news in a Twitter thread on Monday where it said “it is true that our flagship fund is shutting down.” It…
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FTX Japan, the Japanese arm of the fallen FTX crypto exchange, has resumed withdrawals today according to a new announcement. The firm said that it would resume services for withdrawing fiat currency and cryptoassets of FTX Japan at noon on Tuesday (JST) via the Liquid Japan platform – a crypto trading platform acquired by FTX…
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Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX…
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