In a statement released on Wednesday, FTX, the bankrupt cryptocurrency exchange, disclosed that it transferred about $2.2 billion to its founder Sam Bankman-Fried through related entities. The transfers were made chiefly from the Alameda Research hedge fund and were part of over $3.2 billion in payments and loans to company founders and key employees.
FTX filed for bankruptcy protection in November, citing its ina
In a recent earnings call, the CEO of Singapore's DBS crypto exchange said that his firm's first emphasis is on extending its cryptocurrency services to accredited and institutional investors and that the bank would explore starting a retail line of business if regulators and technology are in place.According to the DBS crypto exchange, a retail cryptocurrency trading desk would be launched by the end of 2022, which said thi
Russia has already made it illegal to accept cryptocurrencies as a form of payment in exchange for products or services. On the other hand, the study emphasized the need for increased punishments for individuals who break the rules.Ruling out cryptocurrency trading and mining in Russia, the country's central bank today called for a blanket ban on cryptocurrency, claiming that they are "volatile and widely used in illegal act