FTX implosion shows urgent need for crypto rules, says Bank of England November 21, 2022 The implosion of FTX has underlined the need to rapidly bring crypto within the remit of financial watchdogs before it threatens the stability of the wider financial system, the deputy governor of the Bank of England has warned today.
Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors November 21, 2022 Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses, just a week after it filed for bankruptcy. FTX said the review of its global assets would “begin to maximize recoverable value for stakeholders”. In a filing this [...]
Crypto markets struggle to wake up as Bitcoin clings on above $16,000 November 21, 2022 The prices of Bitcoin and Ethereum are down today, with Bitcoin trading for $16,060 and Ethereum valued at $1,119, this morning.
Nexo sued by investors prevented from withdrawing £107m crypto holdings in full November 21, 2022 A family of fintech entrepreneurs are suing a leading crypto exchange over claims it blocked them from withdrawing funds and then intimidated them into selling them back to the company at a discount. The three crypto investors have filed a High Court lawsuit against London headquartered Nexo over claims it stopped them from withdrawing more [...]
Collapsed crypto exchange FTX owes top 50 creditors $3.1bn November 20, 2022 Collapsed crypto exchange FTX has revealed it owes its 50 biggest creditors nearly $3.1bn, as it presses ahead with bankruptcy proceedings in the US.
IOG announces Midnight – a new blockchain to protect data and safeguard technology freedoms November 18, 2022 Blockchain developer IOG has revealed it is creating a data protection-based platform to allow users to operate more freely and securely.
Chasing pavements? Let them eat black cod! November 18, 2022 Having ticked off his long list of life sins, our Monty is in forgiving mood as his thoughts turn to regulation of the crypto industry.
Digital Assets Week: Conversations from the corriDAW November 18, 2022 Lord Holmes wraps up Digital Assets Week with some thoughts on the common themes from conversations in the corridors.
This shakeout isn’t done yet – there will be more crypto casualties November 18, 2022 Jason Deane carefully picks apart the events of the last week to see what effect they've had on the cryptocurrency markets.
Cardano builder Input Output Global invests $4.5m into Edinburgh blockchain research hub November 17, 2022 Input Output Group has ploughed $4.5 million into a research hub at the University of Edinburgh to fund new blockchain projects.