Many crypto exchanges have failed in the past, losing client funds and causing many people to lose the money they had on the exchange. Crypto exchanges failing, unfortunately, is not an uncommon event...
Tag: Protection
U.S.-listed Eqonex latest crypto firm to seek court protection after cash crunch
Nasdaq-listed Eqonex Group has filed for judicial management with the Singapore high court after failing to plug a short-term funding gap, the firm said in a statement to shareholders. The cour...
Looking for inflation protection, TIPS should be on your radar
In all the hoopla to grab I bond’s high rate before it slid this month, Treasury inflation-protected securities, or TIPS, took a backseat for many inflation-spooked investors. But they’re worth consid...
Crypto Investor Protection Does Not Exist
From right, Terrence A. Duffy, CEO of the Chicago Mercantile Exchange, Sam Bankman-Fried, CEO of FTX … [+] US Derivatives, Christopher Edmonds, chief development officer of the Intercontinental ...
$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News
While it’s widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million...
Zipmex files to extend creditor protection amid rescue deal reports
Crypto exchange Zipmex has filed to extend its protection against creditors until next April amid a possible rescue deal. The Singapore-based exchange briefly halted withdrawals in June amid a ...
Uniglo.io Token Has Assigned Value With Assets, DeFi Like Uniswap And Pancakeswap Have No Price Protection
Today, the prices of assets are based on speculation and have no relation to their underlying value. This has led to a volatile and unpredictable market where prices can drop suddenly and unexpectedly...
FTX Bahamas Files for Chapter 15 Bankruptcy Protection
The Bahamas subsidiary of the troubled crypto derivative exchange FTX has filed for chapter 15 bankruptcy protection in the Southern Court of New York, Bloomberg reported on Wednesday. FTX Bahamas Fil...
BlockFi to File for Bankruptcy Protection Amid FTX Collapse
Troubled crypto lending platform BlockFi is in the works to file for Chapter 11 bankruptcy protection due to its financial issues, the Wall Street Journal revealed on Tuesday. BlockFi Struggles Amid F...
FTX’s Bahamas Entity Files for Chapter 15 Bankruptcy Protection in the US: Report
FTX’s Bahamas unit – FTX Digital Markets Ltd – has filed for Chapter 15 bankruptcy seeking protection from creditors in the United States. Chapter 15 bankruptcy essentially enables a foreign debtor to...
FTX’s Bahamas unit files for Chapter 15 bankruptcy protection
FTX Digital Markets, the Bahamas-based subsidiary of collapsed crypto exchange FTX, filed for Chapter 15 bankruptcy protection on Tuesday in the Southern District Court of New York. The filing c...
Cathie Wood just warned of another ‘Great Depression’ if the Fed keeps ignoring these signals — here are 3 safe haven sectors for proven protection
‘The set-up will be more like 1929’: Cathie Wood just warned of another ‘Great Depression’ if the Fed keeps ignoring these signals — here are 3 safe haven sectors for proven protection The U.S. Federa...
Ether Capital Corporation Maintains the Highest Standards of Protection for its Assets
TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) would like to reassure its investors on the Company’s handling of its assets and financial streng...
Bitget Raises its Protection Fund to $300M to Reassure Users
Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This...
Billionaire Carl Icahn warns that you can’t cure red-hot inflation. But he likes these 2 ‘cheap and viable’ stock picks for protection
‘The worst is yet to come’: Billionaire Carl Icahn warns that you can’t cure red-hot inflation. But he likes these 2 ‘cheap and viable’ stock picks for protection Easy mo...
BlockFi preps possible Chapter 11 bankruptcy protection filing: WSJ
Crypto lending firm BlockFi is preparing for a possible Chapter 11 bankruptcy protection filing, according to the Wall Street Journal. The firm also plans to conduct layoffs, the journal reporte...
Bitget raises its protection fund to $300M to reassure users in the market turmoil
Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This...
Bitget Raises Its Protection Fund to $300M to Reassure Users After FTX’s Collapse – Press release Bitcoin News
press release PRESS RELEASE. Nov 15th, 2022 – Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protecti...
Bitfinex publishes details of reserves after rival FTX files for bankruptcy protection
Bitfinex published details of its reserves on Friday, joining a stream of centralized crypto exchanges increasing their transparency following FTX’s high-profile implosion. The exchange&#...
Algorand takes another inch towards protection; how about ALGO?
In its 10 November publication, Algorand [ALGO] announced that it was working towards healthier security for its core protocol. However, the self-titled “most powerful” blockchain noted that it was no...
U.S. Senators demanding better consumer protection after FTX collapse – crypto.news
The US senators have decided to continue with the SBF back bill despite the almost imminent collapse of FTX. According to the latest news reports, the legislation is set to protect digital consumers f...
CEO Bankman-Fried Resigns as FTX Files for Bankruptcy Protection in The U.S.
Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled cryptocurrency exchange FTX said on Friday that it would file for bankru...
FTX to File For Bankruptcy Protection in US
The post FTX to File For Bankruptcy Protection in US appeared first on Coinpedia Fintech News The troubled cryptocurrency exchange FTX said on Friday that it would file for bankruptcy in the US as its...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down – Bitcoin News
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Ch...
Is this the end? FTX officially commence Chapter 11 Bankruptcy protection
One of the world’s top-tier crypto exchanges FTX has fallen and is now on the brink of bankruptcy. According to a press release shared on Twitter, Alameda research FTX group with its 130 affiliated co...
Vauld gets creditor protection until January as court blocks longer extension
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Jan. 20 to explore ...
SEC’s Gensler says more investor protection is needed after FTX fiasco
SEC Chairman Gary Gensler addressed the ongoing market crisis caused by the FTX fallout during an interview on CNBC’s Squawk Box. Gensler, who has been pushing for increased regulation and targeting v...
SEC Chair on FTX Collapse: Investors Need Better Protection
The collapse of the beleaguered crypto trading platform, FTX Derivatives Exchange has pushed top government officials, including Gary Gensler, the Chairman of the Securities and Exchange Commission (S...
Consumer Protection Bureau issues warning, but is it too late?
On the heels of a tumultuous few days, weeks, and months for the cryptocurrency industry, the Consumer Financial Protection Bureau (CFPB) has released a 45-page bulletin detailing consumer reports of ...
Asset Protection for High Net Worth Individuals
The steel magnate Andrew Carnegie, reputedly the world’s richest man in the late 19th century, had some advice for anyone who wished to follow his example: “Put all your eggs in one basket,” he ...
Powell’s Hawkish Messaging Leaves Stocks on the Edge; Here Are 2 High-Yield Dividend Payers for Protection — Including One With 8.5% Yield
The Fed bumped rates 75bp on Wednesday, and sent the stock market onto a roller coaster. What spooked investors were the comments by Federal Reserve Chairman Jerome Powell, who quickly dashed any pros...
Consumer protection should be key in digital asset projects
GP: JPMorgan office S3studio | Getty Images News | Getty Images SINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq, chief executive ...