Tag: FTX

[ad_1] The average weekly inflows into digital asset-based investment products reached $36.8 million in January, which is the highest since the collapse of the once-leading crypto exchange, FTX, in November last year. The new height comes months after FTX’s bankruptcy led to a crypto withdrawal frenzy. CryptoCompare, a UK-based...

[ad_1] Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.” Former FTX CEO Sam Bankman-Fried tweeted on Jan. 20...

[ad_1] The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of the Cyprus Investment Firm (CIF) license of the FTX (EU) Limited, the Cypriot subsidiary of the bankrupt cryptocurrency exchange, FTX, to March 31, 2023. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022...

[ad_1] MRHB.Network hosted a YouTube Live discussion that posed the question whether implementing Islamic finance could have averted the FTX collapse in November. Echoing the crypto community, Khalid Howladar, Chairman of the MRHB Advisory Board was shocked to learn about the FTX collapse given the participation of many seasoned...

[ad_1] Just a month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly seeking out investors to launch a crypto startup. The ex-president of FTX US, Brett Harrison, is on the lookout for $6 million in funding to launch...

[ad_1] United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in...

[ad_1] The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning. FTX like many other crypto exchanges found it difficult to get a banking...

[ad_1] The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX. According to the Senate Agriculture Committee website, on Dec. 1 the full committee will...

[ad_1] The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC...

[ad_1] Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000 Australians and 132 Australian companies get their funds back from FTX. The announcement was made by the Australian Securities and Investments Commission (ASIC) on Nov. 16 local...