The Texas State Securities Board began investigating FTX’s operations last month to see whether the exchange’s yield-bearing crypto accounts were providing people with unregistered securities. Since the company’s demise on November 11, the board has dramatically broadened its investigation into the consequences of this multibillion-dollar bankruptcy. Promotions of FTX by celebrities
Earlier today, Damien Viel, who oversaw operations in France for Twitter Inc., announced his resignation. He made the significant revelation through Twitter, perhaps foreshadowing layoffs at the struggling firm. Notably, Viel had been in charge of the French Twitter team for seven years in a row. Musk is mulling further
Evidence of JP Morgan’s trademark registration for cryptocurrencies was found in a document obtained from a USPTO application. JP Morgan Wallet is the brand’s official name. And it will be used for facilitating the buying and selling of virtual currencies. As well as the processing of payments made in cryptocurrencies.
In the aftermath of FTX’s bankruptcy, the global cryptocurrency market encountered the second massive bear trend in a year. Following that, most of the crypto exchanges were urged to disclose their cold and hot wallet addresses as proof of reserves to lower risks and increase market confidence. As a result
The Brazilian cryptocurrency bill, which intends to govern the conduct of cryptocurrency exchanges and custody agents as well as define explicit cryptocurrency mining standards, will be on the agenda of the Chamber of Deputies next week. The bill, which was shelved before the general election on October 20, will be
FTX, a cryptocurrency behemoth crumbled recently. Due to financial embezzlement and other circumstances, the billion-dollar enterprise has disintegrated. Sam Bankman-Fried provided the audience with an extraordinarily rich picture of FTX. Following the FTX disaster, worldwide officials were apparently in negotiations to adopt global cryptocurrency laws. The waves of the FTX’s
The American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO), was placed under administrative proceedings on Friday by the United States Securities and Exchange Commission (SEC). The American CryptoFed DAO was the first DAO to obtain legal recognition in the US. Over a year after American CryptoFed issued a Form S-1
On Thursday, local prosecutors in Seoul allegedly had their plea to freeze roughly 140 billion won ($104 million) in assets belonging to Terraform Labs co-founder Shin Hyun-seung, or Daniel Shin, accepted by the Seoul Southern District Court. To safeguard against a defendant using illegal funds for personal gain before trial,
The defunct cryptocurrency exchange FTX and 101 of the 130 connected companies announced the beginning of a strategic evaluation of their global assets as part of the most recent bankruptcy filing. To maximize recoverable value for stakeholders, the review will be conducted. On November 11, in one of the most
Litecoin was among the few currencies to see an increase in value while the market fell last week. Over the past seven days, Litecoin has seen a rise in value. Litecoin is at $63.44 at the moment. The price of Litecoin has fared better than most other cryptocurrencies since the
