Funds of SBF are no longer needed by the Democrats, as three committees have agreed on returning up to 1 million dollars to investors who have lost their funds due to the collapse of FTX. In fact, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC), and the Democratic Congressional Campaign Committee (DCCC) have […]readmore

In an interview with CNBC’s “Squawk Box,” Binance CEO CZ disregarded any concerns regarding his company having to pay back $2.1 billion as a result of the bankruptcy proceedings of FTX. The latter said that he will let the lawyers handle it. He believes their legal team is perfectly capable of handling the situation.  In fact, […]readmore

Lawyers who are currently representing FTX have been seeking permission from a U.S. bankruptcy court to sell off the Japanese and European branches of the firm, derivatives exchange LedgerX , and stock-clearing platform Embed. In fact, the company’s new leadership has requested a federal bankruptcy judge to permit selling off parts of the failed crypto […]readmore

FTX’s former CEO, Sam Bankman-Fried, appeared in court on Tuesday with his newly hired lawyer Mark Cohen, the attorney who also represented Ghislaine Maxwell during her sex-trafficking trial, and his legal team that sought to have her released on $250,000 bail. In addition, Joseph Bankman and Barbara Fried, both parents of SBF, had attended the […]readmore

The Bank of England has opened applications dedicated to suppliers for providing a sample wallet for a central bank digital currency (CBDC). Notably, the application deadline for the £200,000 project is set for December 23. On Dec. 9, the BOE made a post requesting applications on the United Kingdom government’s Digital Marketplace. It is a […]readmore

Now that the former CEO of FTX is in custody and is facing serious charges, another story has popped up to fuel the fire even more. In mid-2020, the chief engineer of FTX made a hidden change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research from a feature on the […]readmore

Binance, the world’s largest cryptocurrency exchange, said on Tuesday that it is halting withdrawals of the stablecoin USDC while carrying out a “token swap.” The move comes as investor concerns are growing about the stability of Binance after the collapse of rival exchange FTX as well as reports of a possible criminal investigation from the […]readmore

FTX founder Sam Bankman-Fried had been arrested in the Bahamas on Monday at the behest of U.S. prosecutors, a day before he was due to testify before Congress about the sudden failure of one of the world’s largest cryptocurrency exchanges last month. The arrest came as Bankman-Fried was preparing to get back at his former […]readmore

Data from the on-chain monitoring resource Coinglass indicates that the BTC balance of Binance has decreased by over 30,000 BTC into Dec. 13. In fact, users have withdrawn 30,300 BTC ($515 million) in the 24 hours to the time of writing this report, which accounted for the majority of the week’s 40,150 BTC total. Evidently, […]readmore

Market analysts believe that the impact of blockchain on global stock exchanges such as the New York Stock Exchange can help in decreasing transaction costs to enhance liquidity in the business landscape. It is important to note that the role of blockchain is not only restricted to cryptocurrencies. In fact, it is known for being […]readmore