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US Senate committee hearing on FTX fail brings gaps in regulatory authority to light

December 1, 2022 by DIGIT

CFTC chair Rostin Behnam appeared before a Senate Agriculture Committee to talk about how FTX happened and how it could have been prevented. Go to Source Powered by WPeMatico

Categories CFTC, ftx, Senate

We could use crypto regulation after FTX — but let’s start with basic definitions

December 1, 2022 by DIGIT

Congress should start by addressing what cryptocurrencies are securities and what are commodities. Go to Source Powered by WPeMatico

Categories Congress, ftx, Regulation

Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse

December 1, 2022 by DIGIT

“The customer property at LedgerX — the CFTC regulated entity — has remained exactly where it should be, segregated and secure,” said Rostin Behnam in a hearing on FTX’s failures. Go to Source Powered by WPeMatico

Categories CFTC, Congress, ftx, LedgerX, Regulation

DEX token GMX rallies 35% after beating Uniswap on trading fees for the first time

December 1, 2022 by DIGIT

GMX’s technical indicator hints at a strong correction in December, which may push its price toward $40. Go to Source Powered by WPeMatico

Categories altcoin, Centralized Exchange, decentralized exchange, ftx, GMX price, uniswap

What is tokenization and how are banks tapping into its design principles?

December 1, 2022 by DIGIT

Financial services organizations can use tokenization to solve several friction points and have better risk management in place. Go to Source Powered by WPeMatico

Categories Decentralization, ftx, Real estate, tokenomics, Tokens

CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse

December 1, 2022 by DIGIT

CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto. Go to Source Powered by WPeMatico

Categories Bitcoin Regulation, CFTC, ftx, SEC

Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

December 1, 2022 by DIGIT

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview. Go to Source Powered by WPeMatico

Categories Andrew Sorkin, Dealbook Summit, ftx, FTX CEO, Jeremy Hogan, New York Times, Sam Bankman-Fried

Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

December 1, 2022 by DIGIT

Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. Go to Source Powered by WPeMatico

Categories Auros, Auros Global, Bankruptcy, credit, ftx, Insolvency, Loan, M11 Credit, Maple Finance

Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit

November 30, 2022 by DIGIT

Sam Bankman-Fried was speaking at the New York Times’ DealBook Summit live on Nov. 30. Go to Source Powered by WPeMatico

Categories Alameda, Andrew Sorkin, Dealbook Summit, ftx, new york, SBF

FTX proves MiCA should be passed fast, officials tell European Parliament committee

November 30, 2022 by DIGIT

In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe, and suggest a way forward. Go to Source Powered by WPeMatico

Categories ftx, MiCA
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  • bitcoinBitcoin(BTC)$70,554.00-0.47%
  • ethereumEthereum(ETH)$2,132.541.83%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$1.451.24%
  • binancecoinBNB(BNB)$640.580.21%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$88.231.08%
  • tronTRON(TRX)$0.278714-0.07%
  • dogecoinDogecoin(DOGE)$0.096449-0.15%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.031.23%
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  • bitcoinBitcoin(BTC)$70,554.00-0.47%
  • ethereumEthereum(ETH)$2,132.541.83%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$1.451.24%
  • binancecoinBNB(BNB)$640.580.21%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$88.231.08%
  • tronTRON(TRX)$0.278714-0.07%
  • dogecoinDogecoin(DOGE)$0.096449-0.15%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.031.23%