There will be no fireworks for the digital asset sector this July Fourth. It’s looking like the course du jour being cooked on the grill this Independence Day could be the cryptocurrency industry itself, with the Securities and Exchange Commission (SEC) being sure to turn the...
Disgraced cryptocurrency executive Sam Bankman-Fried is asking the Bahamian court to dismiss certain charges levied against him by the U.S. government after his extradition from the island nation last December. On Tuesday (June 13) The Wall Street Journal reported that the founder of the FTX crypto exchange is...
As his crypto empire collapsed, Sam Bankman-Fried reportedly turned to overseas regulators for help. Federal prosecutors say the FTX co-founder tried to hold off his company’s bankruptcy proceedings last year so he could move FTX assets to foreign regulators, the Wall Street Journal reported Monday (Jan....
The Bahamas’ two-year-old digital currency project has gotten off to a slow start. The reasons are twofold, according to a Saturday (Jan. 14) Bloomberg News report: COVID-19, and FTX. Kimwood Mott, the project manager for digital currency implementation at the Central Bank of the Bahamas,...
July 04, 2023
There will be no fireworks for the digital asset sector this July Fourth. It’s looking like the course du jour being cooked on the grill this Independence Day could be the cryptocurrency industry itself, with the Securities and Exchange Commission (SEC) being sure to turn the heat up as high as possible. That’s because the Gary […]
December 19, 2023
Bankrupt crypto exchange FTX Trading has reached a settlement with liquidators for its Bahamas unit, resolving a dispute over whether the company’s U.S. bankruptcy proceedings should be prioritized over the Bahamian liquidation. The agreement aims to ensure equal treatment for customers in both countries’ insolvency processes, Reuters reported Tuesday (Dec. 19). According to the settlement, FTX and Bahamian-based […]
June 13, 2023
Disgraced cryptocurrency executive Sam Bankman-Fried is asking the Bahamian court to dismiss certain charges levied against him by the U.S. government after his extradition from the island nation last December. On Tuesday...
January 31, 2023
As his crypto empire collapsed, Sam Bankman-Fried reportedly turned to overseas regulators for help. Federal prosecutors say the FTX co-founder tried to hold off his company’s bankruptcy proceedings last year so...
January 15, 2023
The Bahamas’ two-year-old digital currency project has gotten off to a slow start. The reasons are twofold, according to a Saturday (Jan. 14) Bloomberg News report: COVID-19, and FTX. Kimwood...
