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Showing posts from November, 2022

Sam Bankman-Fried says he ‘never tried to commit fraud’ at FTX

Crypto platform’s founder admits to ‘mistakes’ during turbulent month when his company collapsed from Cryptofinance https://ift.tt/WdnA8XE

EU crypto framework under scrutiny by policymakers after FTX collapse

MEPs cast doubt on robustness of bloc’s incoming regulations as ECB officials criticise bitcoin’s legitimacy from Cryptofinance https://ift.tt/FbUBavJ

Bitcoin’s ‘artificially induced last gasp before the road to irrelevance’

The ECB takes no prisoners from Cryptofinance https://ift.tt/9jV6EJq

Live news: Bitcoin on ‘road to irrelevance’ say ECB officials

from Cryptofinance https://ift.tt/AFposRg

Crypto exchange given go-ahead to track stolen assets in UK court ruling

Six exchanges ordered to disclose customer details to help trace funds overseas from Cryptofinance https://ift.tt/LsaV8Cc

BlockFi sues Sam Bankman-Fried over Robinhood shares

Complaint against FTX founder comes as crypto company becomes the latest to seek bankruptcy protection from Cryptofinance https://ift.tt/JK5gVsl

Crypto fraud jumps by a third in UK

Data from specialist police unit reflect growing problem costing victims hundreds of millions from Cryptofinance https://ift.tt/NYewC2m

Miami nightclubs mourn absence of high-rolling crypto entrepreneurs

‘Revenge of the nerds’ screeches to a halt after collapse in value of digital currencies from Cryptofinance https://ift.tt/ZwvKSJk

Crypto’s bad incentives are dying

Finally from Cryptofinance https://ift.tt/q5oDkRd

FTX’s collapse underscores the need for regulating crypto

Activities that touch the real world should have the most effective guardrails from Cryptofinance https://ift.tt/lgAbeEV

How magical thinking enabled the rise of FTX — and led to its fall

The collapse of the exchange exposes deep contradictions at the heart of the crypto sector from Cryptofinance https://ift.tt/rRSniYx

Barry Silbert seeks to reassure DCG investors

Billionaire writes to crypto group’s shareholders amid fears for broker Genesis amid FTX fallout from Cryptofinance https://ift.tt/uhdpZMU

Bankman-Fried ran FTX as personal fiefdom, court hears

‘Substantial amounts of money’ spent on items such as vacation homes in Bahamas, bankruptcy lawyer testifies from Cryptofinance https://ift.tt/duZM25b

Live news updates: Bitcoin holds below $16,000 as Genesis worries deepen crypto gloom

from Cryptofinance https://ift.tt/aTzXbuG

Two Estonians accused of $575mn crypto fraud

US prosecutors say defendants capitalised on ‘allure of crypto’ to run ‘enormous Ponzi scheme’ from Cryptofinance https://www.ft.com/content/7785c7c0-7175-43e2-ad43-e46b27bdcd4a

FirstFT: FTX businesses owe more than $3bn to largest creditors

Plus, Turkey launches air strikes in Syria and Iraq and Elizabeth Holmes sentenced to over 11 years from Cryptofinance https://ift.tt/iLo5vRj

Crypto should be regulated with existing law, says former FDIC head

Sheila Bair says collapse of FTX shows danger of US agencies waiting for legislation to protect investors from Cryptofinance https://ift.tt/bpm3ehl

FTX: inside the crypto exchange that ‘accidentally’ lost $8bn

The chaotic collapse of Sam Bankman-Fried’s company has revealed a lack of basic security controls and bookkeeping from Cryptofinance https://ift.tt/WGzZX8h

Coinbase’s headcount: a mea culpa

Whoops from Cryptofinance https://ift.tt/RXYM06J

FTX: this messy bankruptcy will need years to work out

New CEO had helped clean up Enron so presumably he is not easily disturbed from Cryptofinance https://ift.tt/CJsNxEQ

Scaramucci’s SkyBridge bought $10mn of FTX token in return for investment

Fund group received $45mn from Sam Bankman-Fried’s crypto venture in September from Cryptofinance https://ift.tt/pD5FL4f

Bitcoin: an unregulated market is a good place for price support wheezes

Could ‘wash’ trading be behind restrained volatility of flagship digital asset? from Cryptofinance https://ift.tt/dbwinf7

What FTX’s collapse means for crypto

The crypto exchange’s swift descent into bankruptcy shocked the financial industry. FT reporters explain what went wrong, and what it all means from Cryptofinance https://ift.tt/iYQZGl7

Wait, wasn’t bitcoin supposed to solve this?

Back2basics from Cryptofinance https://ift.tt/ApoKMGh

Special edition: DD goes forensic on FTX

A deep dive into the crypto collapse that has stunned finance from Cryptofinance https://ift.tt/TnWL3AF

FTX bankruptcy case stalls as lawyers confront crypto chaos

New directors sought, with Sam Bankman-Fried’s governance described as ‘wild west’ from Cryptofinance https://ift.tt/I8LmFME

Nigeria’s Nestcoin held funds from its investors on stricken FTX exchange

Start-up backed by likes of Alameda Research is now set to lay off a large number of its staff from Cryptofinance https://ift.tt/tsh4VDa

FTX/bitcoin: contagion risk is not fully reflected in prices

There are widespread and entirely rational fears that contagion is spreading across the crypto industry from Cryptofinance https://ift.tt/4B8HvsA

UK high street lenders toughen crypto stance on fraud concerns

Cautious position to end ‘paradise for scammers’ contrasts with that of some fintechs from Cryptofinance https://ift.tt/vfSELXj

FTX balance sheet, revealed

“Hidden poorly internally labled ‘fiat@’ account . . .” from Cryptofinance https://ift.tt/oyqQ4je

Changpeng ‘CZ’ Zhao, crypto’s last man standing

The Binance founder’s actions left Sam Bankman-Fried’s FTX filing for bankruptcy from Cryptofinance https://ift.tt/NQnqEaK

How Sam Bankman-Fried seduced blue-chip investors

Their support helped lend FTX credibility before its sudden collapse this week from Cryptofinance https://ift.tt/dkmF9ir

Bankman-Fried empire spans billions of dollars of illiquid investments

Sprawling venture capital portfolio will add to the complexity of the insolvency proceedings from Cryptofinance https://ift.tt/W5cKMn2

Bankman-Fried invested in venture capital backers of his FTX exchange

Founder of struggling crypto businesses placed hundreds of millions with Sequoia and other firms from Cryptofinance https://ift.tt/Bx8snZt

FTX crypto ETPs suffer precipitous falls

Three funds invest only in FTT, the digital token used on the FTX trading platform from Cryptofinance https://ift.tt/apKNLTt

Binance ditches deal to rescue rival crypto exchange FTX

Reversal comes after due diligence revealed concerns over business practices from Cryptofinance https://ift.tt/QOIc4Hb

Asian stocks edge down as investors await US election results

Bitcoin falls 3% in broad crypto sell-off after near collapse of FTX from Cryptofinance https://ift.tt/2DxOf7B

Farewell SBFweet prince?

Folks seem to be having some trouble withdrawing from FTX from Cryptofinance https://ift.tt/wEpCsNL

Coinbase censured over German business structure

Crypto exchange ordered to ensure it has ‘proper’ organisation in place from Cryptofinance https://ift.tt/StjD5sw

US secures conviction in historic crypto dark web fraud case

Justice department seized cache of bitcoin worth more than $3bn at its peak from Cryptofinance https://ift.tt/09lKMAY

Hong Kong is ‘actively looking’ at authorising crypto ETFs

The regulator’s apparently permissive stance stands in contrast to that of rival Singapore from Cryptofinance https://ift.tt/1ALjqk7

Coinbase: ‘Tradfi’ earnings cushion blow from crypto slump

Cryptocurrency exchange benefits from earning interest on cash and Treasury holdings though losses reach $545mn from Cryptofinance https://ift.tt/iEn0TLO

Jewellers explore benefits of digital art

Brands experiment with latest technology to transplant one of the oldest hard luxuries into the digital world from Cryptofinance https://ift.tt/uGQIwUx

Coinbase blames sagging crypto volumes as revenue plummets

Digital currency exchange hit by low volatility and collapse in token prices from Cryptofinance https://ift.tt/jLm5qRP

Crypto miners hit hard in digital asset industry’s downturn

High energy costs and flat coin prices push companies close to the edge from Cryptofinance https://ift.tt/BaAi45C

Huobi joins crypto billionaire Bankman-Fried to set up shop in Caribbean

One of world’s largest cryptocurrency exchanges lauds region’s ‘super-friendly’ regulations from Cryptofinance https://ift.tt/9OsDqF6