FTX

Crypto’s Offshore And Off-Book Habits Raise Challenges for US Regulators

Crypto’s Offshore And Off-Book Habits Raise Challenges for US Regulators
Crypto’s Offshore And Off-Book Habits Raise Challenges for US Regulators
December 08, 2022  |  Cryptocurrency

FTX’s implosion has shown how much the crypto industry thrived between regulatory and jurisdictional gaps. It has also revealed the dangers inherent to consumers that...

READ MORE >
Federal Prosecutors Meet With FTX Bankruptcy Team
Federal Prosecutors Meet With FTX Bankruptcy Team
December 08, 2022  |  Cryptocurrency

FTX’s new CEO has reportedly met with federal prosecutors.  John J. Ray III — who was appointed FTX’s CEO last month — and bankruptcy lawyers...

READ MORE >
Senators Ask Regulators About Bank-Crypto Firm Ties
Senators Ask Regulators About Bank-Crypto Firm Ties
December 08, 2022  |  Cryptocurrency

Two senators are asking regulators about links between banks and cryptocurrency firms.  In letters sent Wednesday (Dec. 7) to the heads of the Federal Reserve...

READ MORE >
Stifel CEO Tells Crypto Industry, ‘Make Us Trust You’
Stifel CEO Tells Crypto Industry, ‘Make Us Trust You’
December 08, 2022  |  Cryptocurrency

We’re living in a post-FTX world, and regulatory agencies need to keep it that way. That’s the present mindset of Ron Kruszewski, the chairman and...

READ MORE >
US Prosecutors Investigating FTX Role in TerraUSD and Luna Fall 
US Prosecutors Investigating FTX Role in TerraUSD and Luna Fall 
December 07, 2022  |  Cryptocurrency

Prosecutors are reportedly investigating whether FTX was involved in the collapse of TerraUSD and Luna.  The New York Times reported Wednesday (Dec. 7) that U.S....

READ MORE >
ECB Board Member Says Crypto is ‘House of Cards’ 
ECB Board Member Says Crypto is ‘House of Cards’ 
December 07, 2022  |  Cryptocurrency

Regulation and a better alternative are the answers to the current turmoil in the crypto market.  So said Fabio Panetta, a member of the executive board...

READ MORE >
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...

READ MORE >
New Kraken CEO Says Alleged Fraud Was Committed at FTX
New Kraken CEO Says Alleged Fraud Was Committed at FTX
December 07, 2022  |  Cryptocurrency

The incoming CEO of crypto exchange Kraken says FTX founder Sam Bankman-Fried is an alleged “fraudster.” “We have information to know that fraud was committed there,”...

READ MORE >