Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Cryptocurrency
FTX Liquidators in Bahamas Move Case From New York to Delaware
November 22, 2022

Bahamian liquidators who had filed a case related to the bankruptcy of FTX in New York have agreed to transfer that case to Delaware, where the fallen crypto exchange had already filed for bankruptcy protection.  Get the Full Story Complete the form to unlock this...

Cryptocurrency
FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
November 22, 2022

Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on Tuesday (Nov. 22). The hearing took place in Wilmington, Delaware, the traditional city where corporate bankruptcy cases are heard. Get...

Cryptocurrency
Crypto Contagion Sends Coins and Companies Tumbling
November 22, 2022

FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency industry, while stoking fears over which companies might also now be in distress following FTX’s collapse. Get the Full Story...

Cryptocurrency
Report: Binance CEO Turns to Middle East for Crypto Recovery
November 22, 2022

The founder of cryptocurrency exchange Binance met with investors in Abu Dhabi last week to raise money for a recovery fund to help the industry following the FTX collapse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
Alameda Co-CEO Compared Crypto Trading With Gambling in Twitter Thread 
November 22, 2022

The former Co-CEO of Alameda Research reportedly enjoyed poker and blackjack and applied what he learned to the firm’s cryptocurrency trading.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
FTX Uncovers $1.24B in Cash Ahead of Bankruptcy Hearing
November 22, 2022

New managers at cryptocurrency exchange FTX have found the company and its affiliates have $1.24 billion in cash — more than what debtors had previously identified — as the beleaguered firm heads to U.S. bankruptcy court. Get the Full Story Complete the form to unlock...

Cryptocurrency
What Regulators Must Do Now in Light of FTX Scandal
November 22, 2022

How did we not see this coming? That’s the question many people are asking as the hyper-rapid, and potentially rabid, collapse of crypto trading platform FTX triggers a worldwide regulatory investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
If Crypto’s Bull Market Made VCs Look Smart, What Happens Now?
November 21, 2022

Hindsight is 20/20, and its perspective is often brought into further clarity by regret. Just ask some of the venture capital industry’s most well-known firms, like Tiger Global Management, SoftBank and Sequoia Capital, who all wrote big checks supporting the since-imploded cryptocurrency exchange FTX and...

Cryptocurrency
CFTC’s Behnam to Testify at Senate Committee on FTX
November 21, 2022

The collapse of cryptocurrency exchange FTX will be the focus of a Dec. 1 hearing to be held by the U.S. Senate Committee on Agriculture, Nutrition and Forestry.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...