April 18th, 2025
FTX (FTT) News - Page 24
FTX Paid SBF and Others $3.2 Billion
By Ibukun Ogundare
March 16th, 2023
FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.
Coinbase Launches Local Bank Transfers for Singapore Users at Zero Cost
By Sanaa Sharma
March 15th, 2023
Coinbase has integrated Singpass, making it more convenient for customers to sign up on the exchange.
NYDFS Taking Over Signature Bank as SVB Fails
By Babafemi Adebajo
March 13th, 2023
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs.
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
By Tolu Ajiboye
March 9th, 2023
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity.
Crypto Exchange FTX Sues Grayscale In a Move to Unlock $9 Billion of Shareholder Value
By Bhushan Akolkar
March 7th, 2023
In the lawsuit, FTX said that Grayscale has been charging exorbitant management fees. They noted that “Grayscale’s actions have resulted in the Trusts’ shares trading at approximately a 50% discount to Net Asset Value”.
Crypto Market Tanks amid Worries of Silvergate Bank’s Insolvency
By Bhushan Akolkar
March 3rd, 2023
As the Silvergate crisis spreads across the broader market, investors have been shoring up stablecoins with USDT and USDC witnessing a surge in trading activity.
MicroStrategy Denies Having Any of Its Assets in Custody with Silvergate
By Bhushan Akolkar
March 3rd, 2023
MicroStrategy said that it secured a $205 million loan from Silvergate Bank last year, and there’s no rush to prepay until Q1 2022, even in the case of possible insolvency.
Binance to Revive Its Registration Bid in Singapore
By Godfrey Benjamin
March 2nd, 2023
Binance is looking to legally expand its global influence and this goal is currently being threatened in countries like the United States.
Pro-Crypto Bank Silvergate Sees Stock Drop amid DOJ Congressional and Bank Regulator Inquiries
By Tolu Ajiboye
March 2nd, 2023
The stock of beleaguered crypto bank Silvergate has taken a new hit as the company weathers intense regulatory inquiries over its FTX association.
Mt.Gox Creditors to Start Receiving Bitcoin Payouts from March 10
By Steve Muchoki
March 2nd, 2023
Nearly a decade after, the end Mt.Gox case will solve historical injustice on early Bitcoin and crypto investors who lost potential high profits over the years.
Revolut Reports First-Ever Annual Profit amid Stagnating Tech Industry
By Tolu Ajiboye
March 1st, 2023
The reported first-ever annual profit by Revolut follows the fintech giant’s January decision to suspend launching RevCoin.
Payments Giant Visa Denies Rumors of Halting Crypto Push
By Mayowa Adebajo
March 1st, 2023
Visa is still committed to crypto partnerships and will also continue to improve fiat both on and off-ramp.
CFTC Charges Former FTX Director of Engineering Nishad Singh with Fraud Allegations
By Steve Muchoki
March 1st, 2023
The SEC has also charged Signh with wire fraud, alleging that he created software code that allowed FTX customer funds to be diverted to Alameda Research.
Binance in Partnership with Lee Woong-Yeol to Enter South Korean Market
By Sanaa Sharma
February 28th, 2023
In a note to executives and employees at the time of his retirement, Lee also talked about the necessity of blockchain technology.
Binance Refutes Forbes Collateral Report Alleging Exchange Transferred Vast Customer Funds Surreptitiously
By Tolu Ajiboye
February 28th, 2023
Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded.