FTX meltdown triggers FINRA into probing crypto comms
The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations. Go to Source Powered by WPeMatico
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FTX and Alameda likely colluded from the very beginning: Report
Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX. Go to Source Powered by WPeMatico
Regulator Halts Trading of FTX Tokens in Indonesia
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token … Read more
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. … Read more
Australian firm raises $28M to expand Bitcoin mining capabilities
The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market. Go to Source Powered by WPeMatico
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins. Go to Source Powered by WPeMatico
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions
Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to circumvent financial restrictions imposed over its invasion of Ukraine. Crypto and Ruble Considered for Payments in Trade Between Russia and Cuba The … Read more
FTX acquisition no more: Canadian exchange Bitvo backs off the deal
Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators. Go to Source Powered by WPeMatico
Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day
El Salvador currently holds 2,381 BTC with a total investment of $103 million, the value of its BTC investment has declined to $39.4 million in the current market conditions. Go to Source Powered by WPeMatico
Australia Suspends Financial Services License of Local FTX Entity
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities … Read more