FTX

Liquidators Object to FTX Subsidiary’s Bankruptcy
Liquidators Object to FTX Subsidiary’s Bankruptcy
November 16, 2022  |  Cryptocurrency

Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. That’s according...

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Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022  |  Legal & Regulation

Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and...

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Competitors Hope Rapid FTX Collapse Isn’t Rabid, Too
Competitors Hope Rapid FTX Collapse Isn’t Rabid, Too
November 16, 2022  |  Cryptocurrency

The knock-on effects of Sam Bankman-Fried’s abrupt heel-turn from evangelist darling to canary in the crypto coalmine are starting to show, as industry actors rush...

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US Wants to Bring FTX’s Bankman-Fried to Country for Questioning
US Wants to Bring FTX’s Bankman-Fried to Country for Questioning
November 15, 2022  |  Cryptocurrency

Former FTX CEO Sam Bankman-Fried may be coming to the United States for questioning by authorities.  Authorities from the U.S. and The Bahamas — where...

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Potential Buyout Deal of Crypto Lender Salt Falls Through After FTX Collapse
Potential Buyout Deal of Crypto Lender Salt Falls Through After FTX Collapse
November 15, 2022  |  Partnerships

Bitcoin and crypto securities firm Bnk To The Future has terminated its previously announced effort to acquire crypto-backed lending platform Salt Lending, citing fallout from...

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Financially Linked to FTX, BlockFi Eyes Chapter 11
Financially Linked to FTX, BlockFi Eyes Chapter 11
November 15, 2022  |  Cryptocurrency

BlockFi, a digital asset lender that received a bailout from FTX earlier this year and which has significant exposure to the exchange and its associated...

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Berkshire Hathaway’s Munger: Crypto is a ‘Delusion’
Berkshire Hathaway’s Munger: Crypto is a ‘Delusion’
November 15, 2022  |  Cryptocurrency

Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. “It’s partly fraud and partly delusion,” the 98-year-old billionaire...

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Report: FTX Founder Tries to Raise Cash Amid Bankruptcy
Report: FTX Founder Tries to Raise Cash Amid Bankruptcy
November 15, 2022  |  Cryptocurrency

The cryptocurrency exchange he launched may be broke and under investigation, but FTX founder Sam Bankman-Fried is still hoping to raise enough cash to cover...

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Unstable Stablecoins Clear Path for Banks to Step In
Unstable Stablecoins Clear Path for Banks to Step In
November 15, 2022  |  Cryptocurrency

The cryptocurrency-flameouts this week have revealed hard truths about privately-issued stablecoins: They’re anything but stable. They’re no safe haven from turmoil. They may not be...

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