FTX

Bankrupt cryptocurrency exchange FTX (CRYPTO: FTT) plans to utilize legal means to recoup all payments and political contributions made by its affiliated companies and former employees, including former CEO Sam Bankman-Fried. FTX had already “been approached by a number of recipients of...

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong on Monday outlined an actionable framework for achieving regulatory clarity in the cryptocurrency space. What Happened: In a blog post, Armstrong argued that regulation should start with centralized actors (stablecoin issuers,...

In an unexpected decision following reports over the weekend that FTX founder Sam Bankman-Fried will turn himself into U.S. custody, Bahamian magistrate Shaka Serville has ordered that Bankman-Fried be sent back to a Bahamian correctional facility. The decision came after Bankman-Fried’s...

Joseph Edmund (Jo) Johnson, the brother of former U.K. Prime Minister Boris Johnson, quit his advising position with a Binance subsidiary firm, according to The Telegraph, The March 2018 debut of the payment technology business Bifinity, which was created by Binance, included Jo...

The U.S. Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should consider banning cryptocurrencies, according to Sherrod Brown, chairman of the United States Banking Committee. “We want them to do what they need to do at the same time, maybe banning it...

Shiba Inu (CRYPTO: SHIB) was among the three most popular cryptocurrencies on Binance in 2022, even as the more popular meme coin Dogecoin (CRYPTO: DOGE) missed out. What Happened: Two other cryptocurrencies that were most popular in Binance were Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO...

Former Secretary of Labor Robert Reich believes the only thing the “zero-sum” sector produces are many of the nation’s ultra-wealthy and nothing of value. Referring to industries including derivatives, private equity, and hedge funds among others, Reich argues that...

Jefferies Group, a global investment banking firm, has reportedly assessed that FTX (CRYPTO: FTT) creditors could get back up to 40% of their lost money. What Happened: Joseph Femenia, Global Head of Distressed Debt Trading at Jefferies, told The Block that creditors could potentially recover...

The founder and former CEO of FTX, Sam Bankman-Fried, is anticipated to declare in court in the Bahamas on Monday that he will no longer fight his extradition to the United States, where he is charged with criminal fraud. The former cryptocurrency billionaire will appear in court in the Bahamas on...

While U.S Federal prosecutors investigate FTX (CRYPTO: FTT) and its founder Sam Bankman-Fried for fraud, the role of Binance (CRYPTO: BNB) founder Changpeng Zhao in this saga is often overlooked. Recall when Zhao, or "CZ" as he is known within the crypto world, announced via Twitter...

The largest crypto exchange in the world, Binance, is under fire with growing concerns that its CEO Changpeng Zhao’s empire may be built on shaky ground. Are these wrongful accusations being made against a transparent company, or is Binance another crypto exchange ready to wreak havoc on...

Sam Bankman-Fried may have disappointed his audience once more by being arrested shortly before he was scheduled to virtually appear before the U.S. Congress to discuss the FTX (CRYPTO: FTT) collapse. Ben McKenzie Schenkkan, actor and producer best known for his roles in “The OC” and...

Amid a crypto market slump exacerbated by the collapse of FTX (CRYPTO: FTT) and the subsequent arrest of its founder Sam Bankman-Fried, crypto trading firm Amber Group on Friday announced it had modified its fundraising strategy and raised $300 million in a Series C raise. Fenbushi Capital U.S...

Auditing firm Mazars Group suspended work for all cryptocurrency clients worldwide, according to Binance (CRYPTO: BNB), a cryptocurrency exchange and client of the auditing firm. “Mazars has indicated that they will temporarily pause their work with all of their crypto clients...

Dan Dolev, a senior analyst at Mizuho, said that it's more beneficial to own Bitcoin (CRYPTO: BTC) than to own shares of Coinbase (NASDAQ: COIN) in the wake of the FTX collapse. What Happened: Dolev was speaking to CNBC on "How to survive crypto winter," noting that he would...