FTX: Now UK investors are caught up in collapse of crypto trading platform January 11, 2023 Thirteen investors caught up in the collapse of cryptocurrency trading platform FTX have made fraud reports to UK police. FTX filed for bankruptcy on November 11 after it was alleged that then-chief executive Sam Bankman-Fried, 30, had illegally diverted massive sums of customer money from the company to a second firm that he owned, Alameda [...]
Matrixport now using Chainalysis to enhance compliance standards January 10, 2023 Digital asset eco-system Matrixport today began using Chainalysis’ blockchain data platform as part of its efforts to enhance compliance.
City minister says UK crypto regulations unlikely to be ready in 2023 January 10, 2023 City minister Andrew Griffith said regulations for digital currencies are unlikely to be ready in 2023, as he reaffirmed the government’s aim to be “the home of well-regulated [and] technologically-advanced financial systems”. In a wide-ranging Treasury committee hearing today, Griffith was quizzed by MPs on the risks facing the crypto industry and the potential for [...]
Crypto exchange Tap Global becomes one of London’s first listings of 2023 January 10, 2023 Tap Global has become one of London’s first listings of 2023 and the UK’s first listed crypto exchange services provider.
Aggressive institutional investors pushing into digital assets set to replace retail players January 10, 2023 Institutional investors are set to replace retail investors as the major holders of digital assets in 2023, according to new research shared with City A.M. today. More than 7 out of 10 of professional investors believe institutions will hold 60 per cent of digital assets within seven years, reversing the current status where institutions hold [...]
Bitcoin millionaires ‘drop like flies’ as FTX fallout shakes crypto market January 9, 2023 The number of bitcoin millionaires has plunged and scammers have filled their boots in the past year as the market is gripped by a ‘crypto winter’, brought on by soaring inflation and a string of high profile bankruptcies.
FTX: Investors in collapsed crypto exchange facing questions from regulator over sloppy due diligence January 6, 2023 Investors in crypto exchange FTX are facing regulatory probes into their due diligence processes after pumping millions into the firm before it spectacularly collapsed in early November. FTX, founded by disgraced former billionaire Sam Bankman-Fried, had been valued at $32bn prior to its collapse and won hefty backing from a host of big name backers [...]
The Sandbox, Quant and Axie Infinity experienced biggest rise in open positions on eToro January 5, 2023 Digital asset investors coalesced around big crypto names in 2022 as the market faced significant price volatility, according to eToro.
Bank of England publishes list of questions asked by suitors for its CBDC wallet January 4, 2023 The Bank of England has revealed more than 70 questions asked by applicants keen to win the contract create a wallet for its CBDC project.
Crypto horse bolted well before US regulators’ warning shot, analysts say January 4, 2023 Crypto analysts warned that US regulators may be trying to “shut the stable door after the horse has bolted” today after the US central bank and financial watchdogs sounded the alarm over the risks that cryptocurrencies could pose to mainstream lenders. The Federal Reserve, alongside the Federal Deposit Insurance Corporation and the Office of the [...]