Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’

Bahamian Attorney General Insists FTX Is the Subject of an 'Active and Ongoing Investigation'The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross oversimplification of reality.” Bahamian Attorney General Says the ‘Bahamas Will […]

Go to Source

Powered by WPeMatico

New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective

New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub ObjectiveMayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor and Bitcoin Supporter Eric Adams to […]

Go to Source

Powered by WPeMatico

Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange Collapsed

Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange CollapsedAlameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating to bridge between the two entities,” crypto intelligence firm Arkham said. […]

Go to Source

Powered by WPeMatico

Billionaire Bill Ackman Discusses Crypto Regulation — Says Industry Must Self-Police or Risks Being Shut Down

Billionaire Bill Ackman Discusses Crypto Regulation — Warns Crypto Industry Needs to Self-Police or Risks Being Shut DownBillionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up. Bill Ackman on Crypto Regulation and the Need for Industry to Self-Police Billionaire […]

Go to Source

Powered by WPeMatico