[ad_1] Economy Capital Account Crypto’s lack of connections with traditional finance means its problems haven’t spilled over to the economy [ad_2] Source link Source link
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Tag: virtual currencies
[ad_1] The move from the Financial Stability Oversight Council would likely ease or repeal Trump-era restrictions that sought to limit the regulation of nonbanks, according to people familiar with the process. [ad_2] Source link Source link
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[ad_1] A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection […]
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[ad_1] FTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets. FTX’s lawyers are advancing an unprecedented chapter 11 case […]
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[ad_1] Markets Currencies Cryptocurrency ‘My blood is boiling.’ Some were optimistic a week ago. Now they are increasingly losing hope. [ad_2] Source link Source link
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[ad_1] NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask how something that seemed so promising could have imploded so fast. The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or […]
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[ad_1] Nearly three-quarters of the $420 million that FTX raised in a fundraising blitz last year went to founder Sam Bankman-Fried, who sold some of his personal stake in the company. [ad_2] Source link Source link
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[ad_1] The crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed filing with the bankruptcy court. [ad_2] Source link Source link
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[ad_1] What started as a dream job turned into a nightmare for employees of the crypto exchange that imploded in spectacular fashion last week. [ad_2] Source link Source link
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[ad_1] Markets Currencies Cryptocurrency Warning comes in the wake of FTX collapse and as bank regulators begin hearings on Capitol Hill [ad_2] Source link Source link
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[ad_1] Business Science of Success The FTX founder’s approach to risk fueled his rise to the top of the crypto world. Then came the catastrophic fall. [ad_2] Source link Source link
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[ad_1] Markets Currencies Cryptocurrency The company had been pushing lawmakers for a bill widely considered friendly to the crypto industry [ad_2] Source link Source link
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[ad_1] As the grid becomes more unstable, officials are compensating industrial and residential customers to curb usage during times of peak stress. [ad_2] Source link Source link
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[ad_1] More than $400 million worth of crypto funds appears to be missing, according to a crypto analytics firm. [ad_2] Source link Source link
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[ad_1] Alameda Research CEO and senior FTX officials are said to have known that FTX had lent its customers’ money to Alameda to help it meet its liabilities. [ad_2] Source link Source link
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[ad_1] The cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would begin a process to review and monetize assets for stakeholders. [ad_2] Source link Source link
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[ad_1] Markets Currencies Cryptocurrency Probe focuses on potential securities-law violations by U.S. affiliate [ad_2] Source link Source link
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[ad_1] The industry is seeking influence in Washington as regulators increase their scrutiny of digital assets. [ad_2] Source link Source link
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[ad_1] The Securities and Exchange Commission filed charges against the founder and three U.S. promoters of Trade Coin Club, alleging the crypto-trading membership club operated as a Ponzi scheme that raised 82,000 bitcoins, valued at $295 million in 2018, from investors around the world. The charges against four individuals, filed on Thursday in federal court […]
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