Business

FTX’s new CEO John Ray reveals the extent of Sam Bankman-Fried’s malfeasance
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18 November, 2022

FTX’s new CEO John Ray reveals the extent of Sam Bankman-Fried’s malfeasance

John Ray, who was appointed after Sam Bankman-Fried resigned in disgrace last week, submitted a sworn statement ostensibly to take...
Philippines central bank warns of risks associated with digital assets amid FTX’s implosion
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18 November, 2022

Philippines central bank warns of risks associated with digital assets amid FTX’s implosion

BSP Governor Felipe Medalla also cast aspersions on using the asset in payments over its extreme volatility and environmental impact.
Genesis suspends withdrawals amid digital currency industry meltdown
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18 November, 2022

Genesis suspends withdrawals amid digital currency industry meltdown

FTX's implosion could result in three things: prolonged 'crypto' contagion, enforcement of stiff asset class regulations, and weakened industry confidence.
India gov’t won’t hinder startups from dabbling in Web3, digital assets, minister says
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18 November, 2022

India gov’t won’t hinder startups from dabbling in Web3, digital assets, minister says

Startups who wish to immerse in the Web3 and digital asset sector are free to do so, Rajeev Chandrasekhar says,...
Philippines: Securities regulator revokes Astrazion’s corporate registration due to fraud charges
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18 November, 2022

Philippines: Securities regulator revokes Astrazion’s corporate registration due to fraud charges

SEC's public disclosure revealed that the two Astrazion firms were "engaged in investment-taking activities without the required license or registration...
California’s attorney general issues guidance for residents looking to invest in digital assets
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18 November, 2022

California’s attorney general issues guidance for residents looking to invest in digital assets

The state’s Department of Justice (DoJ) launched a webpage dedicated to all classes of digital assets designed to guide residents...
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