Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter (OTC) trading portal on Dec. 10. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Around the world, FinTechs that enable their customers to invest or trade in crypto assets are reassuring their customers after cryptocurrency exchange FTX filed for bankruptcy last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Whistleblowers who report wrongdoing in the cryptocurrency industry will be performing a valuable service and will be eligible to receive a substantial reward, a Commodity Futures Trading Commission (CFTC) commissioner reportedly said. Get the Full Story Complete the form to unlock this article and enjoy...
FTX’s meltdown and crypto’s whipsaw gyrations continue to shake retail investors, many of whom will be wiped out. Institutional investors are shying away from the space, writing down their FTX investments to zero. Hackers have siphoned hundreds of millions of dollars from the paralyzed exchange....
By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a moment in the cryptocurrency industry comparable to 2008’s financial crisis. Get the Full Story Complete the form to unlock this...
The FTX name will have been attached to the University of California Berkeley’s football stadium for less than two years — rather than the 10 years the two parties had agreed to. Get the Full Story Complete the form to unlock this article and enjoy...
FTX-affiliated trading firm Alameda Research reportedly made $4.1 billion in combined loans to “related parties,” with the majority going to then-FTX CEO Sam Bankman-Fried, one of his majority-owned companies and two other executives. Get the Full Story Complete the form to unlock this article and...
In an interview published on the European Central Bank website, Mark Branson, member of the supervisory board of the ECB and president of the German Federal Financial Supervisory Authority (BaFin), warned that effective regulation is needed to prevent crypto market volatility from spilling over into...
The ongoing turmoil in the cryptocurrency world has given the Financial Stability Board (FSB) new reason to develop regulations for the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
