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Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21: Report
21.11.2022
Nexo is being sued by a group of investors for allegedly blocking 107 million British pounds ($126 million) worth of crypto in 2020-21, according to a report
New FTX CEO Paid $1,300 an Hour, Court Filings Show
21.11.2022
Non-executive directors hired in the wake of the crypto exchange’s collapse are earning $50,000 a month – but the fees may pale in comparison to the overall costs of corporate restructuring
FTX Japan Preparing to Allow Withdrawals by Year End: Report
21.11.2022
The Japanese arm of bankrupt crypto exchange FTX is preparing to resume customer withdrawals by the end of the year, according to a report by broadcaster NHK
Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal
21.11.2022
The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack
Bill Ackman Endorses Crypto Project Helium, Discloses Crypto Holdings
21.11.2022
Pershing Square Capital Management CEO says controversial crypto project Helium can “build intrinsic value over time.”
Binance CEO: We Don’t See a Viable Business in India
21.11.2022
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian...
FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B
21.11.2022
A court filing shows that FTX’s 50 largest creditors are owed close to $3.1 billion
Crypto Markets Are Suffering – But Is It Really ‘Contagion’?
20.11.2022
Sure, this crypto credit contagion is bad, but it’s unlikely to spread to other markets. Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor
Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment
19.11.2022
A prominent Asia-based crypto investment firm, Sino holds many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire. FTX was also a key partner on a big fund Sino raised with outside investors' capital
Big Four Company KPMG to Examine New Business Models in the Metaverse
19.11.2022
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models...
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
18.11.2022
While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business
Sam Bankman-Fried Cashed Out $300M in Previous Funding Round: WSJ
18.11.2022
In a previously undisclosed detail, most of the $420 million raised in October 2021 went directly to Bankman-Fried, the Journal reported
Cardano Is Launching New Privacy Blockchain and Token
18.11.2022
Shares of Crypto Bank Silvergate Continue to Fall Despite CEO’s Remarks
18.11.2022
Traders seem to be anticipating Silvergate could be significantly affected by the collapse of FTX
Here’s How Some FTX Account Holders Can Get Their Money Back – But Time Is Running Out
18.11.2022
British computer scientist Joshua Browder discusses how institutional investors can file “Schedule E” claims in a bid to recover their funds from the beleaguered exchange
Pension Giant Ontario Teachers' Plans to Write Off All $95 Million Invested in Crypto Exchange FTX
18.11.2022
FTX investment represented less than 0.05% of Ontario Teachers' total net assets
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
18.11.2022
Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral
Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'
18.11.2022
Troubled cryptocurrency exchange Zipmex remains in talks with an investor over a takeover deal, according to one person familiar with the matter
BofA: Don’t Tarnish Blockchain Technology With Speculative Crypto Trading
18.11.2022
The development of applications leveraging distributed ledger and blockchain technology continues to advance, the report said
Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report
18.11.2022
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player