Bookmarking Crypto Insights
Auto Added by WPeMatico
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win. Go to Source Powered by WPeMatico
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s down 94.9% since the all-time … Read more
According to lawyers representing FTX’s provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”. Go to Source Powered by WPeMatico
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Go to Source Powered by WPeMatico
Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk. Go to Source Powered by WPeMatico
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years. Go to Source Powered by WPeMatico
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. Go to Source Powered by WPeMatico
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. Go to Source Powered by WPeMatico
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The … Read more
Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research. Go to Source Powered by WPeMatico
