FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

Bankrupt FTX wants to start staking, and to hedge BTC and ETH sales as it liquidates a $3 billion crypto holding.

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales. Bankrupt crypto exchange FTX wants to start selling, staking and hedging its sizable crypto...

1 year ago

SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton

B2C2 will now have access to Woorton's EU license that will permit it to serve institutional clients in the EU.

SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton

London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that grants B2C2 access to Woorton's regulatory licenses, allowing it to operate in the EU, acco...

1 year ago

Why is Bitcoin price stuck?

Bitcoin price has been stuck inside a narrow trading range for days, awaiting signals from Jerome Powell's speech at Jackson Hole this week.

Why is Bitcoin price stuck?

Bitcoin has been stuck inside a narrow trading range for several days, and Aug. 23 is no different. All eyes on Jerome Powell's speech at Jackson Hole ...

1 year ago

Chinese official sentenced to life in prison for Bitcoin mining, corruption

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.

Chinese official sentenced to life in prison for Bitcoin mining, corruption

A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion Chinese yuan ($329 million) Bitcoin mining...

1 year ago

Hollywood studios offer new proposal for AI and data transparency to curb strike

The Alliance of Motion Picture and Television Producers released a memo of its offer to striking writers and actors, with proposed guidelines for AI usage and data transparency.

Hollywood studios offer new proposal for AI and data transparency to curb strike

The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainme...

1 year ago

CBDCs seen offering faster settlements by 87% global securities firms: Citi survey

The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank's survery found.

CBDCs seen offering faster settlements by 87% global securities firms: Citi survey

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs).  Ci...

1 year ago

Man jailed for the insider trading of NFTs - in what is believed to be the first case of its kind

The judge said the punishment was "difficult" to decide, and raised doubts about whether the case would have reached court if it wasn't in the "slightly sexy" new arena of crypto.

Man jailed for the insider trading of NFTs - in what is believed to be the first case of its kind

A man has been jailed for the insider trading of non-fungible tokens (NFTs) - in what prosecutors say is the first case of its kind. Nathaniel Chastain was working as a product manager...

1 year ago

South Korean city to seize crypto from thousands of tax evaders: Report

City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.

South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of...

1 year ago

Citadel's EDX Joins With Anchorage Digital to Shake-Up Crypto Custody – Coinbase Institutional Business Threatened?

Shake-UP Crypto custody

Citadel's EDX Joins With Anchorage Digital to Shake-Up Crypto Custody – Coinbase Institutional Business Threatened?

EDX Markets, a prominent institutional crypto exchange company, announced on Tuesday a collaboration with Anchorage Digital, a regulated crypto platform renowned for its comprehensive ...

1 year ago

FTX founder Bankman-Fried living on bread and water, lawyer says

Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, is "subsisting on bread and water" in prison, according to his lawyer.

FTX founder Bankman-Fried living on bread and water, lawyer says

The prison he is being held in ahead of his trial has not provided a vegan diet he requested, his lawyer says. Last year, Mr Bankman-Fried was charged with fraud after the failure of F...

1 year ago

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