Category: Cryptocurrency

B2C2 introduces electronic OTC options trading product for crypto markets
November 28, 2022 BY Steffy Bogdanova

B2C2 expands use of KX’s real-time analytics software, deploys visualisation tool

Nicola White, Group CEO B2C2 commented: We are pleased to be working with KX, which supports B2C2 in delivering real-time data-driven trading insights and decisions to digital assets markets. KX is recognized and respected for its industry-leading technology across the world's major financial institutions and working with them aligns with our clients' and counterparties' capabilities.…

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ASIC ban
November 23, 2022 BY Steffy Bogdanova

ASIC sues Block Earner for unlicensed crypto offerings

ASIC is now seeking declarations, injunctions, and pecuniary penalties. ASIC Deputy Chair Sarah Court said: We are concerned that Block Earner offered financial products without appropriate registration or an Australian Financial Services licence, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law.…

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Bankman-Fried jailed ahead of his October trial
November 18, 2022 BY Steffy Bogdanova

The Bahamas regulator transfers FTX assets to government wallets for “safe keeping”

The Bahamian regulator responded: The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian clients. The Commission further notes that such transactions may be characterized as voidable preferences under the insolvency regime and consequently result in clawing back funds from Bahamian…

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Bankman-Fried jailed ahead of his October trial
November 11, 2022 BY Steffy Bogdanova

FTX seeks rescue funds, regulators freeze its assets

Reuters reported that Bankman-Fried told staff members he has discussed raising $1 billion from Justin Sun, the Founder of the blockchain, Tron. FTX’s found has also discussed raising funds with rival exchange OKX and stablecoin platform Tether, Reuters said. Justin Sun tweeted on Thursday that Tron was “putting together a solution” for FTX. He said:…

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November 10, 2022 BY Steffy Bogdanova

Binance pulls out of FTX acquisition

Earlier this year, FTX was valued by private investors at $32 billion. The proposed acquisition came after a massive liquidity crisis hit FTX which was a result of concerns with withdrawal issues and Binance’s decision to liquidate its entire holdings of FTX's exchange token FTT. Binance CEO Changpeng Zhao told his employees in as memo…

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November 09, 2022 BY Steffy Bogdanova

Binance agrees to buy FTX's non-US unit in bailout

FTX CEO Sam Bankman-Fried had this to say on twitter: Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.). Bankman-Fried highlighted that the important thing in the situation is that “customers are protected.”…

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