A former president of the New York Stock Exchange (NYSE), Tom Farley, is making a bold move to revive the bankrupt cryptocurrency exchange FTX. Through his technology firm Bullish, Farley is participating in an auction to acquire the remnants of FTX. The auction has attracted significant interest, with three primary contenders remaining: Bullish, fintech startup […]
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week conference, the native token of FTX, FTT, has experienced a significant price surge of 90%. Gensler responded to a question about former New York […]
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week conference, the native token of FTX, FTT, has experienced a significant price surge of 90%. Gensler responded to a question about former New York […]
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has […]
Elon Musk and Mark Cuban are teaming up to challenge the Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. They argue that these administrative proceedings often lead to unfair outcomes for SEC defendants and may violate the right to a jury trial guaranteed by the Seventh Amendment. The case at the […]
The Depository Trust & Clearing Corporation (DTCC) has announced its acquisition of digital asset infrastructure developer Securrency. The deal will enable DTCC to gradually incorporate digital assets into its existing products and services. The financial terms of the agreement have not been disclosed, but the acquisition is expected to be finalized in the coming weeks. […]
Scroll, an Ethereum layer 2 network powered by zero-knowledge proofs, has officially launched its mainnet. The network aims to enhance the speed and reduce fees for developers using Ethereum. Scroll’s mainnet release follows over 15 months of extensive testing and security audits. The platform offers EVM compatibility and the security of the Ethereum blockchain, along […]
Cryptocurrency custody specialist BitGo has acquired HeightZero, a software platform that helps wealth managers incorporate cryptocurrencies into their clients’ portfolios. The financial details of the acquisition have not been disclosed, but it highlights the growing institutional interest in the crypto market. BitGo’s CEO, Mike Belshe, has urged wealth managers and regulated investment advisors (RIAs) to […]
A secretly recorded audio clip has revealed the moment when former staff members of hedge fund Alameda Research discovered that the fund had been “borrowing” user funds from FTX. The 75-minute recording, obtained by Cointelegraph, sheds light on the tension felt by Caroline Ellison and other Alameda staff leading up to FTX’s collapse. Ellison explained […]
The sixth day of the trial of FTX founder Sam Bankman-Fried (SBF) revealed new details about his ambitions and the events leading up to the collapse of FTX. Caroline Ellison, the CEO of Alameda Research, testified and provided insights into the situation. She discussed an $800 million trading loss incurred by FTX in 2021 and […]
