Crypto DeFi platforms reduce risk as Fidelity, Brazil and Stripe help push adoption December 5, 2022 CryptoCompare data shows the price of Bitcoin moved up steadily throughout this past week, from $16,000 to around $17,300.
Cryptocurrencies riding the coattails of curious optimism in traditional markets December 5, 2022 Bitcoin is trading at $17,359 this morning, up 2% in the last day and 7% over a week, while Ethereum is up 10% in the last seven days.
Bankman-Fried admits meetings on Alameda’s finances prior to FTX collapse December 4, 2022 Sam Bankman-Fried has admitted he had more knowledge of the financial health of FTX’s sister trading Alameda Research than previously suggested, as the extent of the ties between the two collapsed firms emerges.
FTX collapse shows need for venture capital ‘correction’, says investment chief December 4, 2022 The collapse of FTX has underscored a “distortion” in the venture capital market and the need for a correction across the industry, the boss of a global investment body has said.
Exclusive: Zooming in on the billions of pounds in criminal cash flowing through the City December 3, 2022 Going back more than a decade, in the summer of 2012, HSBC was fined $1.9bn for inadequate compliance and anti-money laundering control processes. The banking giant was found guilty of providing money laundering services to drug cartels as well as terrorist groups in the Middle East. Ten years on, money laundering is still a serious problem. Less [...]
Planet Crypto: Grim Reaper annoyed at ‘Bitcoin is dead’ hoax December 2, 2022 The harbingers of mischief at Planet Crypto have summoned up death itself for some comedy value this week with the Grim Reaper.
The spotlight on risk and compliance in Digital Assets December 2, 2022 The recent meltdown of the “JP Morgan Of crypto” FTX has created and existential crisis among the Digital Asset arena. This has undoubtably shed a gigantic spotlight on the attitude of the Digital Asset sector to compliance, risk, and general governance internally. With the wreckage still being sifted through from regulators and investors alike the [...]
Where is Gary Gensler in this FTX debacle, and how did SBF and Alameda end up controlling so much money? December 2, 2022 How was it possible that Sam Bankman-Fried and Caroline Ellison ended up controlling such vast sums, and where is Gary Gensler in all this?
A question of financial inclusion December 1, 2022 Lord Holmes asked His Majesty’s Government what steps they are taking to increase financial inclusion in England.
Sam Bankman-Fried: A tissue of lies soaked with fake tears? December 1, 2022 Sam Bankman-Fried agreed to a live interview - admittedly against the advice of his lawyers - during a New York Times event yesterday.