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Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall to $13,000. JPMorgan on FTX and Bitcoin’s Price JPMorgan Chase’s analysts, led by global … Read more
The Bahamas Securities Commission said FTX’s assets could not be moved without the approval of a Supreme Court-appointed liquidator. Go to Source Powered by WPeMatico
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked away from the acquisition of FTX. U.S. Regulators and DOJ Investigate Crypto Exchange … Read more
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced. Go to Source Powered by WPeMatico
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers. Go to Source Powered by WPeMatico
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market. Go to Source Powered by WPeMatico
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him. Go to Source Powered by WPeMatico
According to the FTX US, “Withdrawals are and will remain open.” Go to Source Powered by WPeMatico
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this time.” Sequoia Capital Deems Its Investment in … Read more
“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren. Go to Source Powered by WPeMatico