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 [...]
Sam Bankman-Fried pleads ‘NOT GUILTY’ to fraud charges – trial set for October January 3, 2023 The founder of collapsed cryptocurrency exchange FTX has pleaded not guilty to charges of cheating investors out of billions of dollars.
FTX: Crypto exchange’s new chief has ‘cavalier attitude to truth’ – regulator January 3, 2023 Crypto exchange FTX and its new boss has been accused of having a “cavalier attitude towards the truth” and failing to cooperate with authorities during bankruptcy proceedings. FTX, founded by disgraced former billionaire Sam Bankman-Fried, imploded in November after allegedly dishing out billions of dollars of customers’ cash to its sister trading firm Alameda Research. [...]
Zodia appoints former Bitstamp chief and Starling Bank co-founder as new CEO January 3, 2023 Crypto asset service provider Zodia Custody has appointed Julian Sawyer as its Chief Executive Officer.
Is the bottom in? Markets rally following festive slump January 2, 2023 The colour of the crypto markets returned to shades of green this morning after spending much of the holiday season sporting a red hue.
Greengage CEO: ‘Despite the noise around bad actors like FTX, the industry is very much here to stay’ December 29, 2022 Crypto AM editor-at-large James Bowater discusses the highs and lows of 2022 with Greengage CEO Sean Kiernan.
Bank of England receives 20 applications to develop CBDC wallet prototype December 28, 2022 Twenty companies have submitted applications to create a digital wallet for the Bank of England's CBDC project.