Ftx Collapse

Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange.

Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.

Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.

Nasdaq refiled an application with the US SEC to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details. The refreshed filing said that Coinbase Global will provide market surveillance in support of the proposed ETF from the world's largest asset manager.

A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...

AI is traditionally centralized, routines gobble up all data everywhere, and make decisions for a small group of human designers — or in dystopian science fiction versions — the natural limit of no humans. Crypto is radically decentralized. All actionable information is held by dispersed individuals in private keys. No one controls the system.

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...

Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.

Crypto-related searches on Google have declined drastically in the last two years. Retail investors as well as institutional investors, both seem to have lost interest in the crypto sector especially after projects like FTX and Terra collapsed last year due to internal mismanagements, leading to losses worth billions in 2022. The Crypto Fear and Gr...

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.

Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange.

Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.

Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.

Nasdaq refiled an application with the US SEC to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details. The refreshed filing said that Coinbase Global will provide market surveillance in support of the proposed ETF from the world's largest asset manager.

A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...

AI is traditionally centralized, routines gobble up all data everywhere, and make decisions for a small group of human designers — or in dystopian science fiction versions — the natural limit of no humans. Crypto is radically decentralized. All actionable information is held by dispersed individuals in private keys. No one controls the system.

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...

Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.

Crypto-related searches on Google have declined drastically in the last two years. Retail investors as well as institutional investors, both seem to have lost interest in the crypto sector especially after projects like FTX and Terra collapsed last year due to internal mismanagements, leading to losses worth billions in 2022. The Crypto Fear and Gr...

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.