Binance CEO Changpeng Zhao’s proposal to form a recovery fund for the crypto industry is reportedly drawing a positive response from firms interested in contributing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The knock-on effects of Sam Bankman-Fried’s abrupt heel-turn from evangelist darling to canary in the crypto coalmine are starting to show, as industry actors rush to distance themselves — and their business fundamentals — from the rug-pull implosion of FTX. Get the Full Story Complete...
Former FTX CEO Sam Bankman-Fried may be coming to the United States for questioning by authorities. 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...
BlockFi, a digital asset lender that received a bailout from FTX earlier this year and which has significant exposure to the exchange and its associated entities like Alameda Research and FTX.US, is planning to lay off a portion of its workforce and is indicating it...
Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. Get the Full...
Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. 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...
A leaked draft of an EU anti-money laundering (AML) bill suggests the organization could prohibit regulated financial institutions from dealing in privacy-enhancing cryptocurrencies such as Monero and Dash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The cryptocurrency exchange he launched may be broke and under investigation, but FTX founder Sam Bankman-Fried is still hoping to raise enough cash to cover the firm’s users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
