After confirming the recent incident of unauthorized access” to its crypto holdings, citing a hack, FTX’s general counsel Ryne Miller took to his Twitter on Saturday to explain that the exchange...
Tag: Assets
FTX Trading’s Liabilities Dwarfed Liquid Assets, FT Says
(Bloomberg) — Sam Bankman-Fried’s FTX Trading exchange held $900 million in liquid assets against $9 billion of liabilities the day before Friday’s bankruptcy filing, the Financial Times reporte...
Huobi & Gate.io Cheats With Forged Assets Screenshots
FTX events have depleted trust among crypto investors. To gain trust among investors, exchanges showcase screenshots of their assets. Crypto.com, Huobi, and Gate.io all showcase forged screenshots, an...
Paul Allen’s fine art collection just sold for a record-breaking $1.5 billion — here are 2 other ‘real’ assets that made these Microsoft billionaires even richer
Paul Allen’s fine art collection just sold for a record-breaking $1.5 billion — here are 2 other ‘real’ assets that made these Microsoft billionaires even richer 2022 has been a disa...
Against $9bn In Liabilities FTX Holds Less Than $1bn In Liquid Assets
The day before FTX.com filed for bankruptcy, Sam Bankman-primary Fried’s international crypto exchange had just $900 million in liquid assets versus $9 billion in liabilities, according to investment ...
Dogecoin is on the cutting edge of future assets
Attention is the lifeblood of Dogecoin (DOGE) and other memecoins. Much like earnings drive the price of corporate shares, the size and quality of attention captured by memecoins drive their price act...
Investors digest lower-than-expected CPI as risk-on assets rallied while DXY sunk into the weekend
For almost the entirety of 2022, U.S. inflation data has caused pain in the markets, however, a slowdown in October gave new hope for less aggressive Fed hikes. Investors grabbed the chance with both ...
FTX had only $900 million in liquid assets backing $9 billion in debt: FT
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
Warren Buffett says he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 productive assets instead
Warren Buffett says he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 productive assets instead Despite its recent pullback, bitcoin has soared by more than 120%...
Crypto.com Preliminary Audit Reveals 20% Of Assets in SHIB
8 seconds ago | 2 mins read Exchange News Nansen’s analysis shows that Crypto.com has assets worth nearly $3 billion. FTX collapse compels every company to prioritize transparency. A pioneer was Crypt...
Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu (SHIB) Coin
“In an ideal world, we’d want the best assets to be worth the most, but SHIB and DOGE both have extremely high market caps,” he said. So it’s “not super surprising that retail-heavy exchanges will hav...
Bahamas de-registers FTX, “preserving” assets – crypto.news
An investigation by a local regulator is now being conducted into claims of improper behaviour regarding the safekeeping of customer cash by FTX’s Bahamas-based subsidiary. On Thursday, the assets of ...
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’ – Regulation Bitcoin News
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Fina...
Transak Launches Crypto-to-Fiat Off-Ramp for Over 40 Crypto Assets
The events of recent days have highlighted the importance of functioning and reliable on- and off-ramps. Transak, a leading Web3 onboarding infrastructure provider, is taking a step in this direction,...
Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin News
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisiona...
Bahamas freezes FTX assets, Alameda Research winds down – crypto.news
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have sta...
FTX signs agreement with TRON to swap assets
A relief for FTX after having tough days in recent times. The update is regarding the exchange platform signing an agreement with TRON to allow the holders of SUN, TRX, HT, JST, and BTT to swap their ...
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling fro...
FTX’s Deal With Tron Allows Users To Swap Assets
Sam Bankman-Fried led cryptocurrency exchange FTX announced that it had reached an agreement with Justin Sun’s Tron. The agreement allows holders of select assets, such as TRX, to swap them from the F...
Bahamas Regulator Freezes Assets Belonging to Beleaguered FTX Crypto Exchange
Amid the problems plaguing cryptocurrency exchange FTX, the Securities Commission of the Bahamas (SCB) has frozen the firm’s assets. The Bahamian regulator also got the court to appoint a provisional ...
Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days
(Bloomberg) — The entire $16 billion fortune of FTX co-founder Sam Bankman-Fried has now been wiped out, one of history’s greatest-ever destructions of wealth. Most Read from Bloomberg The downf...
Bakkt To Participate in Oppenheimer’s 5th Virtual Blockchain & Digital Assets Summit: Web 3.0 and the Creator Economy
ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate at the Oppenheimer 5th Virtual Blockchain & Digital Assets Summit: Web 3.0 and the Creato...
Bahamas Regulator Freezes FTX Assets
A Bahamas securities regulator on Thursday froze the assets of the local subsidiary of beleaguered cryptocurrency exchange FTX. The Securities Commission of The Bahamas also took the first step into ...
Tether Freezes USDT Assets Belonging To FTX
Tether Freeze FTX USDT Assets: In a sudden development, Tether said it froze 46 million of USDT belonging to troubled crypto exchange FTX. A Tether representative reportedly said the USDT froze was ef...
FTX US employees attempt to sell assets in CEO’s absence: Bloomberg
Employees working for the U.S. arm of FTX’s cryptocurrency exchange business are trying to sell company assets, in some cases without CEO Sam Bankman-Fried’s “participation,” according to ...
Why A Manufacturer’s Future Is About More Than What They Make
After several tumultuous years, there’s no doubt the manufacturing industry is going through a … [+] period of reinvention. From the shopfloor to the boardroom, companies must act now to transfo...
Bahamas securities regulator freezes FTX assets
The Securities Commission of the the Bahamas said it has taken action to freeze assets of FTX Digital Markets and related parties. “The Commission is aware of public statements suggesting that c...
CZ Clears Mike Novogratz Say On El Salvador FTX Crypto Assets
After Galaxy Digital CEO Mike Novogratz said El Salvador’s crypto holdings are stored in FTX, Binance CEO CZ responded. Speaking to CNBC earlier on Thursday, Novogratz said that the El Salvador govern...