The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.” SEC Focused on Enforcement The U.S. Securities […]
The fallout over the collapse of cryptocurrency exchange FTX continues. On Friday, the embattled company filed for Chapter 11 bankruptcy protection, noting that...
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-Fried is facing extradition by the FBI, according to the latest reports. Already on Monday, it was revealed that the U.S. Department of Justice…
Two more crypto platforms have suspended operations after the collapse of crypto exchange FTX. On Tuesday, FTX-owned crypto exchange Liquid Global said it had suspended fiat and crypto withdrawals on[...]
2022 has been an abominably dismal year for crypto traders. We’ve seen four or five “once in a lifetime” events, with the market turmoil following the pandemic lockdowns, the historic Terra Luna collapse, insolvency from Celsius, 3AC, BlockFi, Voyager, and VAULD, then the horrendous FTX collapse, all which resulted in crypto users losing billions in […]
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO
Key Takeaways
Visa has announced that it will break off its partnership with FTX following the exchange's collapse.
Elsewhere, BlockFi said that it will continue to...
By Cornelius Christian FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse could impact the entire crypto sector, said Ran Neuner, Host and […]
USDT is a stablecoin that has its price pegged to the US dollar, and token holders can lend it to earn interest rates that are much higher than the APYs offered in traditional money markets.