FTX

Cryptocurrency asset management firm 21Shares shut down five exchange-traded products (ETPs) and delisted another as investor demand declines. The move comes as digital tokens struggle amid the Federal Reserve's efforts to control inflation and as the cryptocurrency space faces multiple...

Bankrupt cryptocurrency exchange FTX has transferred a whopping $2.2 billion to its founder, Sam Bankman-Fried, and other key employees through various entities. The company's new management revealed that a total of $3.2 billion was paid to Bankman-Fried and his colleagues, according to a...

FTX (CRYPTO: FTT) founder Sam Bankman-Fried filed a motion Wednesday requesting that Relm Insurance and Beazley Insurance prioritize reimbursing his legal fees and advance future costs. in accordance with their policy conditions. Directors' and officers' (D&O) insurance policies...

New banks are expected to compete for business from cryptocurrency companies in the wake of the demise of Silvergate (NYSE: SI) and Signature bank, according to former FTX.US president Brett Harrison. In an episode of "The Scoop" podcast with The Block, Harrison noted that "...

Kevin O'Leary, the well-known entrepreneur, investor, and television personality, is not one to shy away from self-promotion. From his regular appearances on "Shark Tank" to his frequent media appearances, O'Leary has built a reputation as a savvy and promotional businessman....

Binance CEO Changpeng Zhao, popularly known as "CZ," is calling on banks to provide a Proof-of-Reserve in light of the recent news of Silicon Valley Bank (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY) collapse.  What Happened: CZ pondered whether banks should be using “Merkle...

The short seller who famously predicted the collapse of FTX and Silvergate Capital Corporation (NYSE: SI) has more stocks to call out and warn investors about. Short Seller's FTX, Silvergate Wins: Short seller Marc Cohodes was interviewed by Edwin Dorsey of the Bear Cave Newsletter in a...

Preferred measures for gauging the strength potential of today's market are unclear, explains Michael Green, a Simplify portfolio manager and strategist. “The traditional adjustments ranging from seasonality to the birth-death models used in smoothing employment reports are in question,...

Silvergate Bank (NYSE: SI) was once a key financial partner for the cryptocurrency industry. Now, it's set to wind down operations and liquidate. The California-based bank had been considered a critical player in the crypto industry by providing financial services to companies like Coinbase (...

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) derivatives trading volumes in dollar terms continued to soar in February and the increase comes as spot volumes continue to rise amid a hot regulatory backdrop. What Happened: The growth in trading activity is indicative of the growing...

Many investors want to rid themselves of crypto investments following the FTX collapse.  The macroeconomic conditions have proven discouraging as well. However, there is opportunity in the chaos. The FTX failure was not a failure of crypto, rather, it was a Ponzi scheme that could have...

U.S. regulators have been sent to the headquarters of Silvergate Capital Corp. (NYSE: SI) as the cryptocurrency-friendly bank struggles to find a solution to stay in business. The Federal Deposit Insurance Corp. (FDIC) officials have been discussing ways to avoid a shutdown with Silvergate's...

Binance.US has taken a significant step towards acquiring the assets of bankrupt cryptocurrency lender Voyager Digital in a deal valued at more than $1 billion. A bankruptcy judge in the Southern District of New York, Michael Wiles, ruled in favor of the proposed acquisition, stating he would...

The group of professionals assigned to the FTX bankruptcy case billed a total of $38 million plus expenses for their services in January. The bankruptcy administrators have hired the law firm Sullivan & Cromwell as their primary counsel, along with Quinn Emanuel Urquhart & Sullivan and...

While cryptocurrencies are no stranger to sudden market movements and volatility, the latest market shake-up has left many in the industry reeling. A large red bar appeared on trading charts of major cryptocurrencies on Friday, with their values plummeting by hundreds of millions of dollars...