The unexpected collapse of major crypto exchange FTX has drawn significant attention in the media but recently revealed documents suggest that Sam Bankman-Fried’s company was on the radar of federal prosecutors long before FTX filed for bankruptcy. … Read More: New Revelation: US Prosecutors Were Looking Into FTX Long Before Exchange Collapsed Read more »Sign up…
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The troubled crypto trading firm Genesis is reportedly struggling to raise fresh funds for its lending unit – and may be headed into bankruptcy. According to Bloomberg, citing people with knowledge of the matter, the company has spent the past several days looking to raise a minimum of $1 billion in fresh capital, but seemingly…
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The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12. The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an order in favor of…
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Bitcoin hit a two-year low on Tuesday morning in Asian trading as investors drove down prices for most cryptocurrencies over fears that the failure of the FTX.com cryptocurrency exchange on November 11 could lead to the insolvency of other businesses with ties to the exchange. Ethereum, the second-most valuable cryptocurrency, trades bearishly, falling to $1,100 after…
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The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares. Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional…
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South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX’s infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko. The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko, included the examination of the monthly unique…
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Liquid Global, a Japan-based crypto exchange owned by now-bankrupt exchange FTX, has halted all trading after being “instructed” to do so by the law firm handling the bankruptcy. “We have been instructed by [law firm Sullivan & Cromwell], who act for FTX Trading, to pause all forms of trading on our exchange because of the…
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Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.” New FTX CEO Outlines Priorities Cryptocurrency exchange FTX and approximately 101 affiliated companies…
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Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said. Bank of England Deputy Governor Jon Cunliffe shared thoughts on cryptocurrency regulation and decentralized finance (DeFi) in a talk on Nov. 21. He intended to speak about stablecoins and central bank…
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