Sam Bankman-Fried, the co-founder and Chief Executive Officer of FTX Derivatives Exchange, justified the bid the trading platform and its subsidiary Alameda Ventures extended to bailout Voyager Digita...
Tag: firms
Three Arrows Capital founders miss the mark in first interview since firm’s collapse
In the same week court documents showed that collapsed hedge fund Three Arrows Capital (3AC) owed creditors more than $3.5 billion, an interview given by its founders has sparked outrage among crypto ...
Crypto firms could face fallout from SEC insider trading case against former Coinbase employee
The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on July 21 brought parallel criminal and civil actions against a former Coinbase employee, his brother and his frien...
Bankman-Fried says his firms may deploy ‘hundreds of millions’ to backstop struggling crypto industry
In an interview with CNBC today, FTX CEO Sam Bankman-Fried said that he would be willing to spend “hundreds of millions beyond what we have thus far and in some cases more than that” to backstop firms...
FTX CEO Comes Forward To Help Voyager’s Customer; Also Ready To Deploy Millions For Ailling Crypto Firms
Looks like someone already knew crypto firms such as Celsius will go bankrupt. On June 28, in a conversation with Forbes author Steven Ehrlich, FTX CEO Sam Bankman-Fried warned about incoming insolven...
More Than 236,000 Bitcoin (BTC) Sold by Large Firms Since May
28 seconds ago | 2 mins read Bitcoin News More than 19k BTC was traded by public miners following market deterioration. This week, the cryptocurrency industry surged past $1 trillion in market capital...
Crypto firms could face fallout from SEC –
Recently, the DOJ and SEC recorded equal grumblings against a previous Coinbase worker and his partners for supposed insider exchanging charges The men made at least $1.5 million in illegal trades Wh...
Three Arrows Capital Co-founders Reveal Three Reasons Behind The Firm’s Collapse
The Crypto industry witnessed the fall of several leading crypto firms this crypto winter. Three Arrows Capital or 3AC is one such crypto entity. 3AC went bankrupt due to a significant sell-off in cry...
SEC Chair Gary Gensler Says Crypto Lending Firms Fall Under Agency’s Jurisdiction
U.S Securities and Exchange Commission (SEC) Chair Gary Gensler says crypto lending firms fall under the dominion of the regulatory agency. In a new interview with CNBC, Gensler says the way digital a...
Top Crypto Firms That Laid Off Staff Recently
The crypto industry has witnessed a massive downturn, losing about $2 trillion in value since hitting a peak in November. Several crypto exchanges are struggling following the Federal Reserve’s ...
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were...
“We have No Exposure to failed Crypto Firms,” Celsius,3AC, and Voyager- Coinbase Stated –
No Exposure to Failed Crypto Firms- Coinbase Stated. Coinbase witnessed a hike of 14 percent in the Stocks. Coinbase Global Inc was established in June 2012 and was co-founded by Brain Armstrong and...
Coinbase Confirms No Risk Exposure to Bankrupt Crypto Firms
Nasdaq-listed cryptocurrency exchange Coinbase said in an announcement Wednesday that it had no risk-free exposure to bankrupt crypto firms, including Celsius, Three Arrows Capital, and Voyager Digita...
Peter Brandt Predicts More Crypto Firms Will Go Bankrupt ⋆ ZyCrypto
Advertisement     In a tweet on Thursday, experienced trader and market analyst Peter Brandt, responding to the news of Celsius’s Bankruptcy, has revealed that he expe...
Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase
Department heads at Coinbase have weighed in on the market downturn amid solvency concerns surrounding Three Arrows Capital, Celsius Network and Voyager Digital, saying the crypto exchange had “no fin...
Coinbase Says It Had No Exposure to Bankrupt Firms Celsius, Voyager or Three Arrows
Coinbase said it does not have any lending exposure to Three Arrows Capital, Celsius Network, or Voyager Digital, all companies that have collapsed and filed for bankruptcy amid a slump in crypto pric...
SEC boss is working to register crypto lending firms to ‘protect the public’
The United States Securities and Exchange Commission (SEC) chairman said that the agency is actively seeking to get some ‘so-called’ cryptocurrency lending organizations legally registered if they ope...
Venture Capitalists pump $29 billion into crypto firms in 2022 despite market crash
The 2022 cryptocurrency market meltdown has taken a toll on most businesses within the sector, an aspect which was likely to impact the inflow of investments. However, venture capitalists appear unbot...
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
The offices of Chairwoman Maxine Waters (D-Calif.) and the panel’s ranking Republican, Patrick McHenry (R-N.C.), have preliminarily agreed that stablecoins should be directly reinforced with assets su...
No exposure to collapsed crypto firms Celsius, 3AC, Voyager
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase said it had no counterparty exposure to several collapsed crypto firms...
Coinbase faults bankrupt crypto firms for lacking risk management measures
Cryptocurrency exchange Coinbase has suggested that firms that recently filed for bankruptcy protection failed to consider the basic elements of risk management. The exchange stated that companies li...
Minnesota Senator slams the SEC for lack of good-faith cooperation with crypto firms
In the midst of the cryptocurrency industry expansion, the activities of the United States Securities and Exchange Commission (SEC) towards the sector have received criticism, with some U.S. politicia...
US Senator Says Too Many Crypto Firms Are Able to Scam Customers –
U.S. Senator Elizabeth Warren voiced her concerns about cryptocurrency She urges SEC to Regulate Celsius Network filed for bankruptcy protection after freezing withdrawals U.S. Representative Elizabet...
A Voyager Customer Says He Is Done With Crypto; Loses $6,900 In Bitcoin After Firm’s Collapse
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‘Singapore-based’ Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says
The MAS, the country’s central bank, is continuing to distance itself from embattled crypto firms with ties to the Southeast Asian nation. In June, the MAS reprimanded Singapore-born Three Arrow...
Singapore Is Tightening The Noose Around Crypto Regulation Following Recent Collapse Of Big Crypto Firms
– Advertisement – The government of Singapore is introducing more restrictions on crypto-related retail investments. Over the last few weeks, the crypto market has seen some of the large...
US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate – Regulation Bitcoin News
U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the...
Digital Assets Issued by Private Firms Could be Better Than CBDCs
Philip Lowe – Governor of the Reserve Bank of Australia – believes cryptocurrencies issued by private companies could provide more benefits than central bank digital currencies (CBDCs), but only after...
UK Treasury Officials Met with Crypto and Venture Capital Firms in Q1: Sources
UK Treasury officials engaged with crypto stakeholders for several meetings. UK Treasury disclosed a number of meetings between top officials and crypto firms during the first quarter this year. Accor...
SEC could tailor disclosures for crypto firms
The US Securities and Exchange Commission (SEC) could tailor disclosures to suit crypto companies, Chair Gary Gensler said Thursday, offering new insight into the commission’s future rulemaking. “I...