FTX’s new bankruptcy boss slams ‘complete failure of corporate controls’ November 17, 2022 The new chief of collapsed crypto exchange FTX has slammed a “complete failure of corporate controls” and “absence of trustworthy financial information” at the firm, in court filings published today.
Web3 metaverse growth is exponential November 17, 2022 Dr Chris Kacher explains how the community around a platform can co-create enabling the platform ecosystem to grow even stronger.
Cryptocurrency markets continue to reflect wider volatility November 17, 2022 At $16,538, Bitcoin is trading down by less than a percentage point in the last day, while Ethereum is down by 2.7%, trading for $1,196 this morning.
FTX: Bankman-Fried claims he ‘basically forgot’ about account holding $8bn customer cash November 17, 2022 FTX founder Sam Bankman-Fried has launched an attack on regulators for failing to protect consumers today, even as he admitted he “basically forgot” about an account holding $8bn of customer’s cash.
Bankman-Fried claims FTX has £7.6bn assets as bankruptcy shockwaves continue November 16, 2022 FTX founder Sam Bankman-Fried claimed that the firm still had $9bn (£7.6bn) in assets today as it scrambles to raise cash to pay back creditors following its collapse.
Digital Assets Week: A ‘DAW’ to the future November 16, 2022 Lord Holmes reports on an opportunity to share the current approaches being undertaken by the UK Government on crypto regulation.
OKX reveals £84m ‘market recovery fund’ after rebuffing FTX rescue November 16, 2022 A crypto exchange that rebuffed a rescue request from FTX has announced a $100m ‘market recovery fund’ to support ailing firms on the verge of collapse.
Crypto markets looking for a foothold as uncertainty continues November 16, 2022 Bitcoin is down less than a percentage point from yesterday, trading at $16,737 this morning, while Ethereum has shed 2.8%.
‘One-size-fits-all’ UK crypto rules won’t prevent an FTX repeat, Ripple warns November 15, 2022 The implosion of crypto exchange FTX has underscored the urgent need for a “comprehensive and nuanced regulatory framework” in the UK, crypto firm Ripple told City PM today.
FTX’s 50 biggest creditors to be revealed by Friday, as administrators believe more than a million people may have claims November 15, 2022 The 50 largest creditors caught up in the collapse of cryptocurrency exchange FTX will be announced before the end of the week.
