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Time for Serious Global Crypto Regulation, Germany Says

15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...

Realized losses from FTX collapse peaked at $9B, far below earlier crises

15.12.2022
Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis

Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead

15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....

SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

14.12.2022
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents...

FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail

14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...

CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried

13.12.2022
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were...

Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse

13.12.2022
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access...

Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD

13.12.2022
Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar...

Crypto hotspots continue to thrive despite FTX collapse

13.12.2022
Crypto-friendly cities throughout the world report growth and innovation despite recent events

How Crypto Can Avoid the Next FTX

13.12.2022
Blockchain tech and cryptographic standards like ZK-proofs can help crypto companies and protocols prove they’re solvent – even in times of crisis

US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse

13.12.2022
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house...

Canada bans crypto leverage and margin trading after FTX collapse

13.12.2022
Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess

Bahamas reportedly asked SBF to mint new coin after FTX collapse

13.12.2022
The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas

Binance Coin Price Prediction as Investors Fear Binance Exchange is Next to Collapse – Here’s Where BNB is Headed Next

13.12.2022
BNB, otherwise known as Binance Coin, the Binance cryptocurrency exchange’s utility token and the native token to the Binance Smart Chain, was last trading with losses of around 3.0% on Tuesday and was down closer to 6.0% over the last 24 hours, according to CoinMarketCap. BNB/USD was last changing...

Canadian Securities Regulators to Strengthen Crypto Oversight After FTX Collapse

13.12.2022
The country's securities regulatory body will consider enforcement action if crypto companies do not comply

New FTX CEO Says ‘Unacceptable Practices’ by ‘Inexperienced and Unsophisticated Individuals’ Led to FTX Collapse – Here’s What Happened

13.12.2022
John Ray III, the new CEO of collapsed crypto exchange FTX, has claimed that Sam Bankman-Fried's crypto empire had virtually no corporate controls and a surprising lack of financial and other record-keeping. In prepared remarks released Monday ahead of his testimony, Ray, a bankruptcy expert...

Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?

12.12.2022
Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users. The so-called proof-of-reserves report was released on December 7 in the form of a 5-page PDF document prepared by the global accounting firm Mazar’s South...