The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.
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.
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.”
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 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."
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.
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.
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.”
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.
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.
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.