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Showing posts from December, 2022

OpenSea chief seeks to distance NFTs from crypto crisis

Head of leading marketplace responds to digital assets slump following FTX scandal from Cryptofinance https://ift.tt/BIWPMEv

Year in a word: Crypto winter

The flaws in the lawless cryptosphere were laid bare in this crash from Cryptofinance https://ift.tt/gU8wNst

Lawyer fees mount in crypto bankruptcies

Advisers in Celsius case bill $52mn for four months’ work from Cryptofinance https://ift.tt/Hr5d4me

Bankman-Fried associate admits to misuse of FTX customer funds

Testimony from Alameda’s Caroline Ellison comes after agreement to co-operate with prosecutors in fraud case from Cryptofinance https://ift.tt/WL5Pp8r

Michael Rubin & SBF’s Bahamas bromance

Plus, the FT digs into Adidas’ internal issues from Cryptofinance https://ift.tt/Xi8vNFg

FTX founder Sam Bankman-Fried to be released on $250mn bond

Former boss of collapsed crypto exchange makes his first appearance in Manhattan federal court on US criminal charges from Cryptofinance https://ift.tt/yasS3kw

What this year in crypto has taught us

Saying I told you so is not much use, but the market implosion holds some real lessons from Cryptofinance https://ift.tt/GMzyD4N

FTX founder Sam Bankman-Fried’s top associates plead guilty to US charges

Federal prosecutor says Caroline Ellison and Gary Wang co-operating as crypto entrepreneur extradited to US from Cryptofinance https://ift.tt/nLodsFl

Cathie Wood’s Ark sheds almost $50bn in assets since 2021 peak

Flagship innovation strategy represents ‘canary in the coal mine’ for regime shift in markets, says Morningstar from Cryptofinance https://ift.tt/U6GTOAH

FTX clients to vie for priority payouts in US bankruptcy case

Lawyers will argue defunct exchange’s users should be treated as asset owners rather than creditors from Cryptofinance https://ift.tt/TM9UtFr

Sam Bankman-Fried signs documents paving the way for US extradition

FTX founder is due in court on Wednesday in the Bahamas as he faces criminal case in New York from Cryptofinance https://ift.tt/rI3LJo4

Genesis failure would land owner with $350mn payout to financier Todd Boehly

Digital Currency Group would be on the hook for outstanding loan if crypto lender goes bankrupt, say insiders from Cryptofinance https://ift.tt/vZlxfhV

The great crypto crisis is upon us

Any regulation needs to look at what tangible economic benefits the industry actually offers from Cryptofinance https://ift.tt/T5pkFLe

John Ray III, the firefighter drafted in to quell the FTX crisis

Crypto exchange’s new boss will need all the skills learnt in a 40-year career as he works to recover customer savings from Cryptofinance https://ift.tt/h8Ed3VX

Hedge funds raise bets against bitcoin miners

Sharp falls in the token’s price and the rising cost of energy prompt managers to short several key players from Cryptofinance https://ift.tt/UHalWd5

SEC doubles down on decision to reject Grayscale spot ETF

US regulator reiterates position that bitcoin futures funds are safer than proposed spot bitcoin funds would be from Cryptofinance https://ift.tt/70hMrVu

France under pressure to tighten crypto-friendly regulations

Light-touch regime that allows exchanges to operate without a full licence is called into question post-FTX from Cryptofinance https://ift.tt/mu6ZBJ7

Incoming FCA chair says crypto firms facilitate money laundering

Ashley Alder warns platforms hoping to build businesses in UK will face an uphill battle from Cryptofinance https://ift.tt/A8VkO79

All the young dudes carry the bags

JP Morgan discovers the crypto bro from Cryptofinance https://ift.tt/rLImZte

The cautionary tale of FTX

Visionaries drive US capitalism but investors must do their homework from Cryptofinance https://ift.tt/bW6ZtxK

SBF behind bars

The Saudi bank backing Credit Suisse’s turnround strategy and Apollo’s pitch to wealthy equity investors from Cryptofinance https://ift.tt/ZlvGuyE

‘Fraud in shorts and T-shirts’: the case against the FTX founder

Sam Bankman-Fried’s arrest in the Bahamas exposes money transfers before collapse of crypto empire from Cryptofinance https://ift.tt/kmzQCvR

Sam Bankman-Fried: fraud charges tarnish whole crypto sector

The tension between fiduciary duties to limited partners and the fear of missing out will continue for capital allocators from Cryptofinance https://ift.tt/5NCZTcd

FSB ready for rapid rollout of global crypto standards

Watchdog says there is ‘strong agreement’ on framework for digital asset rules from Cryptofinance https://ift.tt/qsNnKhe

FTX founder Sam Bankman-Fried arrested in the Bahamas

Detention made at request of US government, according to federal prosecutor from Cryptofinance https://ift.tt/XthvR78

FTX trading affiliate Alameda had no limit on borrowing from crypto exchange

New CEO cites ‘absolute concentration of control’ among unsophisticated leaders in business failure from Cryptofinance https://ift.tt/Lps2VPh

South Korea’s hunt for crypto fugitive Do Kwon leads to Serbia

Prosecutors seek co-operation with Belgrade as search intensifies for Terraform chief from Cryptofinance https://ift.tt/HvD9dzS

Australian ETF market is maturing despite ‘gimmicks’, study says

Five crypto exchange traded funds stopped trading in November from Cryptofinance https://ift.tt/C7f4Mlg

Beware influencers plugging the financial advice gap

Social media stars and rising prices are panicking consumers into snap decisions about money from Cryptofinance https://ift.tt/gj2Lf9J

Sam Bankman-Fried to testify to Congress over FTX failure

Disgraced crypto founder bows to pressure after reluctance to speak to lawmakers from Cryptofinance https://ift.tt/dWUhRc0

Temasek-backed crypto shop Amber halts expansion plans in rocky market

Group says it has secured $50mn in a planned $100mn fundraising round from Cryptofinance https://ift.tt/RTUZu8t

Is there no shame anymore?

Sam Bankman-Fried’s mere ‘embarrassment’ at the collapse of FTX is a symptom of our inability to find shared moral values from Cryptofinance https://ift.tt/BxDALtV

Signature says it is ‘not just a crypto bank’ as it sheds deposits

US institution that courted digital assets plans to offload as much as $10bn tied to cryptocurrencies from Cryptofinance https://ift.tt/3rLXBcC

UK finalises plans for regulation of ‘wild west’ crypto sector

Implosion of FTX injects fresh urgency into the government’s pledge to impose order from Cryptofinance https://ift.tt/MdiPo20

‘We kind of lost track’: how Sam Bankman-Fried blurred lines between FTX and Alameda

Exchange’s former CEO says he was close to key decisions at nominally separate trading firm from Cryptofinance https://ift.tt/CDp0kTw

Is Fomo the new greed when it comes to investing?

Fear of missing out on the rewards of tech and crypto led to irrational exuberance from Cryptofinance https://ift.tt/ErVnRZl

FTX collapse sends shockwaves through Coinbase’s stocks and bonds

US-listed exchange’s debt is trading at ‘distressed’ level with crypto industry under pressure from Cryptofinance https://ift.tt/pHTFtkg

Crypto exchange AAX’s withdrawals halt sparks desperate search for funds

Implosion of Sam Bankman-Fried’s FTX has sent shockwaves through industry from Cryptofinance https://ift.tt/PRDwIzT