Binance caught funneling tokens to shore up ‘independent’ Binance.US
The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.
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FTX Japan granted 3-month extension on its business suspension
FTX Japan had been ordered to shut down its services, but an FSA extension pushes this to March as customers continue to wait for their funds.
Binance denies solvency issues as exchange endures record outflow
Kevin O’Leary described FTX and Binance as “two behemoths that owned the unregulated market” for exchanges and “were at war with each other and one put the other out of business—intentionally.”
Kurt Wuckert Jr. on FOX Business: FTX scandal is crystal clear lawbreaking
Reappearing on FOX Business, Kurt Wuckert Jr. says governments should work on imposing existing regulations instead of creating a new agency or protocols to oversee the digital asset sector.
Binance’s wings clipped by Signature Bank, insider trading
Binance issued a statement explaining that Signature Bank advised that they will no longer "process SWIFT fiat (USD) transactions for individuals of less than 100,000 USD as of February 1st, 2023."
Celsius Network ordered to return $44 million to customers
The $44 million was held in its custodial accounts, which, according to its Terms and Conditions, wasn’t under its ownership and interest-bearing account holders have been left out to dry.
Bankman-Toast? FTX CEO arrested in Bahamas, faces US extradition
Sam Bankman-Fried has been arrested by authorities in the Bahamas and is now awaiting extradition to the US to face several charges tied to the FTX's collapse.
The utter failure of corporate controls at FTX: CEO John Ray III testifies before US Congress
CEO John J. Ray III tells lawmakers that what separates FTX's bankruptcy from other exchanges that went insolvent is that the former lacked record-keeping, making it seem like its crimes were “not sophisticated at all.”
‘Crypto’ is an obstacle to blockchain and DLT
The 'crypto' industry got in the wrong direction long ago and has gone too far by turning the original Bitcoin into a multitrillion-dollar gambling of speculations over other people's speculations.
Prof. Hilary Allen bursts BTC’s ‘decentralization’ bubble
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
Fed’s policy has never been this tougher in the entire history of digital currencies
The U.S. Federal Reserve’s monetary policy has taken a toll on the digital asset industry, as observed in the sharp drop in retail activity and space participation.
2022: A year in regulation
The FTX's collapse is the final imperative for global lawmakers to enact a string of regulations in the digital asset sector, while the event also led to a tug-of-war game between two state agencies.