Altcoins
Bankrupt FTX recovers US$7.3 billion in assets, considers resurrection of operations
The failed FTX cryptocurrency exchange has recovered around US$7.3 billion in assets and is considering the option of restarting its business.
Danny Park
Lens
FTX
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Regulation
FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
Timmy Shen
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Regulatory News
What the US can learn from the Philippines to regulate crypto in a smarter way
The Philippines has licensing requirements and proactively monitors crypto firms, while the US regulates by enforcement only after consumers are already badly hurt, writes Robert De Guzman of Coins.ph.
Robert de Guzman
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Regulation
Bankman-Fried charged with paying millions in bribes to Chinese government officials
Sam Bankman-Fried allegedly paid US$40 million in cryptocurrency bribes to at least one Chinese government official in November 2021.
Zoltan Vardai
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Regulation
Centralized intermediaries were cause of crypto failures in 2022, says Voorhees
If there was a lesson from the crypto implosions of 2022, it is the demonstration of the superiority of open code and decentralization over central intermediaries, argues Voorhees at DC Blockchain Summit.
Zoltan Vardai
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Bitcoin News
Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
Danny Park
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Bitcoin News
FTX’s Alameda sues Grayscale over crypto trusts
Alameda Research has filed a law suit against crypto conglomerate Digital Currency Group and its asset management business Grayscale over trust investments.
Dylan Butts
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Altcoins
Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate
USDC issuer Circle said Friday that it is withdrawing from “certain services that involve” California-based cryptocurrency bank Silvergate.
Danny Park
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Regulation
Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse
Nishad Singh, former engineering chief of bankrupt cryptocurrency exchange FTX, pleaded guilty to fraud and several other criminal charges at a hearing on Tuesday related to the collapse of the company, Bloomberg reported.
Timmy Shen
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Regulation
FTX founder Sam Bankman-Fried hit with four more criminal charges
The founder of bankrupt cryptocurrency firm FTX.com Sam Bankman-Fried (SBF) has received another four criminal charges in a superseding indictment on Thursday.
Dylan Butts
