CoinTelegraph reported: The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials. Following the FTX collapse in November, Bahamas government officials reportedly asked Bankman-Fried to mint new digital assets worth “hundreds of millions of dollars,” …
CoinTelegraph reported: The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX. The SEC has charged Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of …
CoinDesk reported: The cryptocurrency’s adoption has been boosted by easy financial conditions, the bank said, with some investors more willing to “explore low liquidity, high risk/return options like bitcoin.” With tighter financial conditions expected moving forward, speculative interest in bitcoin is likely to decline. Read …
CoinDesk reported: “If a platform currently subject to securities legislation in Canada does not deliver a PRU to its principal regulator or cease operating, the CSA will consider all applicable regulatory options to bring the platform into compliance with securities law, including enforcement action,” the …
CoinDesk reported: “Bankman-Fried improperly diverted customer assets to his privately held crypto hedge fund, Alameda Research LLC (“Alameda”), and then used those customer funds to make undisclosed venture investments, lavish real estate purchases, and large political donations,” it added. Read more
CoinDesk reported: At this point, the obvious question that comes to mind is, what if the CPI misses estimates, bolstering hopes for the Federal Reserve pivot and lifting bitcoin? In that case, wouldn’t the June call options gain value, yielding a big loss for the …
CoinTelegraph reported: Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.” Data from on-chain monitoring resource Coinglass shows that Binance’s BTC balance decreased by over 30,000 BTC into Dec. 13. CZ: FUD …
CoinDesk reported: A brief reopening of FTX exchange between Nov. 10 and Nov. 11, the day Bankman-Fried resigned and the company filed for bankruptcy protection, led to $100 million in crypto being withdrawn by 1,500 customers who were, or purported to be, Bahamian, the filing …
CoinTelegraph reported: Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC). The FTC sought to block Microsoft from acquiring the gaming giant as a way …
CoinDesk reported: On-chain data shows withdrawals across all chains hit the $1.8 billion mark during the last 24 hours. Data from Nansen shows that Paxos and Huobi were the recipients of some of this inflow, with around $162 million of net flow between the two …