FTX reportedly used Alameda’s bank accounts to process customer funds
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits. Go to Source Powered by WPeMatico
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Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall
The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to … Read more
Don’t Forget the Importance of Censorship Resistance
Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance. The following opinion editorial was written by Bitcoin.com CEO Dennis … Read more
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment bank JPMorgan published … Read more
BlockFi sues Sam Bankman-Fried over shares in Robinhood
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement. Go to Source Powered by WPeMatico
From the NY Times to WaPo, the media is fawning over Bankman-Fried
Mainstream media outlets just can’t seem to stop drooling over the disgraced FTX founder. Go to Source Powered by WPeMatico
US House committee sets Dec. 13 date for FTX hearing
The House event, titled “Investigating the Collapse of FTX,” will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1. Go to Source Powered by WPeMatico
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has … Read more
FTX logos and promotional material still everywhere despite bankruptcy proceedings
Though some officials have removed all traces of their deals with FTX, the firm’s branding still appears on a few sports venues and merchandise. Go to Source Powered by WPeMatico
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated … Read more
