Crypto Assets

FTX Crypto Founder Bankman-Fried’s Plea Expected Next Week
FTX Crypto Founder Bankman-Fried’s Plea Expected Next Week
December 28, 2022  |  Cryptocurrency

In the wake of news that his former friends and peers are cooperating with authorities, FTX crypto founder Sam Bankman-Fried is expected to enter a...

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Italian and Albanian Authorities Break Up Crypto Scam Ring
Italian and Albanian Authorities Break Up Crypto Scam Ring
December 23, 2022  |  Security & Fraud

Italian and Albanian authorities have broken up an organized crime group’s crypto scam.  The group had stolen an estimated 15 million euros (about $16 million),...

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Current and Former FTX CEOs to Testify Dec. 13 
Current and Former FTX CEOs to Testify Dec. 13 
December 09, 2022  |  Cryptocurrency

The current and former CEOs of FTX are to testify before a Congressional committee.  FTX Group founder and former CEO Sam Bankman-Fried and current FTX...

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Coinbase Offers No-Fee Conversion of USDT to USDC
Coinbase Offers No-Fee Conversion of USDT to USDC
December 09, 2022  |  Cryptocurrency

Coinbase is offering to convert USDT to USDC with no fees.  The firm said in a Thursday (Dec. 8) blog post that the recent turmoil in the cryptocurrency...

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Auditors Say Binance Has Proper Bitcoin Reserves
Auditors Say Binance Has Proper Bitcoin Reserves
December 07, 2022  |  Cryptocurrency

Auditors working for crypto giant Binance say the company holds enough bitcoin as collateral. The auditing firm Mazars released the results of its look at Binance’s bitcoin reserve...

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Silvergate Capital Says It Conducted Due Diligence on FTX 
Silvergate Capital Says It Conducted Due Diligence on FTX 
December 06, 2022  |  Cryptocurrency

Silvergate Capital has released a public letter addressing its involvement with FTX and Alameda Research.  In the Monday (Dec. 5) letter submitted to the Securities and Exchange Commission...

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Sen Sherrod Brown Seeks More Cooperation on Crypto Regulation
Sen Sherrod Brown Seeks More Cooperation on Crypto Regulation
November 30, 2022  |  Cryptocurrency

The head of the Senate Banking Committee is calling for tougher cryptocurrency regulation. In a letter published Wednesday (Nov. 30), U.S. Senator Sherrod Brown called...

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Crypto Crisis Continues as FTX-Backed BlockFi Files for Bankruptcy
Crypto Crisis Continues as FTX-Backed BlockFi Files for Bankruptcy
November 28, 2022  |  Cryptocurrency

The industry-rattling turn of events surrounding FTX’s implosion has claimed another victim. Crypto lender BlockFi and eight affiliated debtors filed for Chapter 11 bankruptcy relief...

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Turkey Investigates Sam Bankman-Fried, Seeks Seizure of ‘Suspicious’ FTX Assets
Turkey Investigates Sam Bankman-Fried, Seeks Seizure of ‘Suspicious’ FTX Assets
November 27, 2022  |  Cryptocurrency

Add Turkey to the list of countries investigating Sam Bankman-Fried — or SBF — founder of the failed cryptocurrency platform FTX. PYMNTS reported earlier this...

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