Cryptocurrency lender Nexo is being sued in England by investors who claim the company prevented them from withdrawing assets worth $126 million in March 2021 and then said it would allow them to do so if they sold some of the assets — their Nexo...
Anyone seeking evidence that the cryptocurrency world needs regulation should look to the fall of the FTX exchange, Bank of England Deputy Governor Jon Cunliffe said Monday (Nov. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cryptocurrency payment solutions provider Airswift has launched a full-stack payment gateway for online businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The former head of the Federal Deposit Insurance Corporation (FDIC) has joined a chorus of voices calling for the regulation of cryptocurrency in the wake of FTX’s failure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Elizabeth Holmes, one of Silicon Valley’s most celebrated and subsequently vilified startup founders, has been sentenced to 135 months, or more than 11 years, in prison for defrauding investors out of hundreds of millions of dollars. Get the Full Story Complete the form to unlock...
Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday (Nov. 18) in a tweet that cryptocurrency has no use and is just a device for speculators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Raja Krishnamoorthi, chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, has requested FTX turn over documents and information as part of its investigation into the crypto exchange’s collapse, Bloomberg reported on Friday (Nov. 17). Get the Full Story Complete the form...
