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BANKRUPT CRYPTOCURRENCY EXCHANGE FTX MADE $2.2 BILLION TRANSFERS TO FOUNDER SAM BANKMAN-FRIED, SAYS NEW MANAGEMENT

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. Background FTX filed for bankruptcy protection in November, citing its ina

Daniella H 16 Mar 2023 0 comments crypto ban news Cryptocurrency

DBS TO FOCUS ON INSTITUTIONAL CRYPTO INVESTING

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

Lars M 30 Apr 2022 0 comments dbs crypto exchange, dbs crypto digital exchange, dbs retail crypto trading, dbs bank cryptocurrency, institutional crypto trading cryptocurrency News

RUSSIAN CENTRAL BANK IMPOSES A COMPLETE CRYPTO BAN.

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

Lars M 27 Jan 2022 0 comments Cryptocurrency, crypto ban, ban cryptocurrency, crypto ban news, Russia ban crypto, ban on crypto Cryptocurrency, Updates, cryptocurrency News