Read in the Digest: Crypto markets react to Fed interest rate hike of 0.75 percent points Kraken’s CEO Jesse Powell resigns to focus on crypto industry advocacy Vasil upgrade is ready to launch as Cardano meets all critical requirements JP Morgan CEO labels cryptocurrencies “decentralized Ponzi schemes” Sam-Bankman Fried’s FTX
The top U.S. cryptocurrency exchange hired a group of Wall Street traders to trade and stake cryptocurrencies to generate profit, The Wall Street Journal has reported. Key Takeaways Coinbase hired a group of Wall Street traders to test out a trading desk last year, The Wall Street Journal has reported.
Crypto exchange FTX is raising as much as $1 billion at a valuation of around $32 billion, according to CNBC, citing people with knowledge of the discussion. Reportedly, negotiations are ongoing and confidential, and the company will raise as much as $1 billion in order to keep the previous valuation
South Korean financial authorities expressed their opposite stance against Busan City to provide special regulatory support for foreign crypto firms to establish digital asset exchanges, local media outlet Money Today reported Thursday. The Financial Intelligence Unit (FIU) under the Financial Services Commission of South Korea said judicial risks, investor risks
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter. 1511 Total views 37 Total shares Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with
During the winter, Voyager Digital fell due to its outstanding liquidity issues. As a result, the firm filed for Chapter 11 bankruptcy in July to assist it with the situation after halting withdrawals on its platform. The crypto winter for 2022 was a drastic one that tumbled almost all the
While global authorities are on their toes, FCA, the British financial watchdog, also remains active due to the risks involved in cryptocurrencies. On Friday, Financial Conduct Authority (FCA) issued a note to highlight unauthorized business companies operating in the UK. The announcement hit the Sam Bankman-Fried-led exchange, FTX, and declared
“This firm is not authorised by us and is targeting people in the UK,” a statement from the Financial Conduct Authority read. The FCA has previously warned U.K. consumers against FTX rival Binance. FCA Sounds Alarm on FTX The Financial Conduct Authority has posted a caution about FTX. The U.K. financial watchdog published
The U.K.’s Financial Conduct Authority(FCA), the regulator of the financial services industry in the United Kingdom, has issued a warning on its official website (FCA) that cryptocurrency exchange FTX may be providing financial services or products in the country without authorization. The UK regulator, the Financial Conduct Authority, says all companies
Following its acquisition of a local investment firm, FTX Europe said it has received the Cyprus Investment Firm License as granted by the country’s Securities and Exchange Commission (CySEC). Branded as the only digital currency service provider to hold the license, FTX, through its European entity, said it is set
After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX. 1942 Total views 38 Total shares Gaming retailer GameStop is partnering with United States crypto exchange FTX US to bring more customers to crypto and