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Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX

Bahamas Seizes Digital Assets Worth Over .5 Billion From Collapsed Crypto Exchange FTXThe Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by the Commission on a temporary basis.” Bahamas Regulator Seizes FTX’s Cryptocurrencies The Securities […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto RegulationBank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition DealsBillionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508