Tag: FTX

  • The SEC probes the investors of the FTX exchange

    The SEC probes the investors of the FTX exchange

    The SEC would be investigating whether investors in the FTX exchange had done their homework to ensure the investment was sound. The US Securities and Exchange Commission (SEC) is investigating whether investors in the bankrupt FTX exchange followed proper due diligence procedures. Reuters reported on Thursday, citing two sources close to the investigation. In December,…

  • FTX Task Force

    FTX Task Force

    Attorney General Damian Williams announced the creation of an FTX task force to track down stolen user funds. The “FTX Task Force” is created to track down users’ stolen money Attorney General Damian Williams and his office say they are working hard to respond to the collapse of FTX. The Southern District of New York…

  • Philippine SEC warns of unlicensed cryptocurrency exchanges after FTX crash

    Philippine SEC warns of unlicensed cryptocurrency exchanges after FTX crash

    Following the collapse of FTX, the Philippine government warned investors in the country against using unlicensed cryptocurrency exchanges. The Philippine Securities and Exchange Commission (SEC) has issued a warning to the public against using unregistered cryptocurrency exchanges operating in the country. In the warning, the SEC did not directly mention FTX, but said the warning…

  • FTX will return the funds to its clients

    FTX will return the funds to its clients

    FTX is preparing to return its clients’ funds, but don’t get too excited. Amid the scandal surrounding the debacle of the Sam Bankman-Fried-led empire, some FTX subsidiaries have begun giving guidance on how they will return funds to affected clients. The FTX scandal erupts in the news daily, not only because of the scale of…

  • Altcoin Radar: Solana and FTX token prices plummeting

    Altcoin Radar: Solana and FTX token prices plummeting

    Last part of our altcoin newsletter for this year 2022; and we end with very marked falls and a surprising climb. We closed with big drops across the entire cryptocurrency market. The truth is, this has been a very negative year for the market, and last week’s news reflects that. One of the most emblematic…

  • Sam Bankman-Fried pleads guilty to FTX fraud

    Sam Bankman-Fried pleads guilty to FTX fraud

    Reuters reports that Sam Bankman-Fried will plead guilty to the charges against him in the FTX collapse. This will take place on a scheduled court date in early 2023. Everything points to Sam Bankman-Fried running out of options to get free from the FTX debacle. As Reuters reported, the young businessman, who has so far…

  • Riot Games wants to break free from FTX sponsorship!

    Riot Games wants to break free from FTX sponsorship!

    Riot Games wants a court to end its League of Legends sponsorship deal with FTX. We explain their reasons! Riot Games, a video game developer and publisher, has filed a lawsuit in the District of Delaware Bankruptcy Court in the United States, seeking to terminate its sponsorship deal with FTX. Anyway, the contract with the…

  • Venture Capitalist Tim Draper Predicts Bitcoin Will Hit $250,000

    Venture Capitalist Tim Draper Predicts Bitcoin Will Hit $250,000

    Investor Tim Draper has indicated that despite the collapse of FTX, the price of Bitcoin will reach $250,000 Venture capitalist Tim Draper has predicted that Bitcoin will reach $250,000 by mid-2023, even after a difficult year for cryptocurrencies, marked by the collapse of numerous exchanges, crypto companies and with the prices of the main tokens.…

  • Nexo Pulls Out of the US Due to Negative Regulation Despite Dodging FTX Collapse

    Nexo Pulls Out of the US Due to Negative Regulation Despite Dodging FTX Collapse

    One of the survivors of the crypto winter takes a firm step in its gradual exit from the United States market. The reasons for his departure are attributed to the latest “confusing” actions by US regulators on the blockchain industry. Nexo, a cryptocurrency lending and interest provider, is one of the few companies successfully following this model. Which is…

  • Bitcoin: Sales for December

    Bitcoin: Sales for December

    Bitcoin: in history, December will be a month of sales In the last few hours, Bitcoin has stabilized around $17,000 after a recovery linked to the return of investors’ risk appetite, also favored by a change in expectations regarding the Federal Reserve’s interest rate policy. Investors have started buying risky assets again after Jerome Powell’s…