Ftx
FTX Apparently Has Three More Months To Cease Business In Japan
Local authorities have authorized FTX Japan to resolve withdrawal difficulties. Kanto Local Finance Bureau commented on FTX Japan activities. Japanese authorities extended FTX's suspension date to March 9, 2023. After purchasing Liquid, FTX started in Japan in June 2022.
FTX was the "fastest" company collapse in American history, says U.S. Trustee.
The US Trustee overseeing FTX's bankruptcy proceedings has requested an independent investigation into its demise. In a Dec. 1 motion, U.S. Trustee called the defunct exchange the "fastest large business collapse in American history". An independent examiner has been requested by the Department of Justice. Independent examiners are usually called in when creditors want them or when unsecured debts surpass $5 million. Trustee Andrew Vara said debtors "suffered an almost unparalleled fall in value" over eight days in November. The U.S. Attorney's Office for the Southern District of New York and Securities and Exchange Commission have allegedly submitted many requests to investors.
FTX Japan prepares refund
The Japanese division of the bankrupt FTX crypto exchange has a withdrawal path. The business said that FTX's bankruptcy does not affect its clients' assets. Japanese laws require crypto exchanges to segregate customer money from their own.
FTX Japan prepares refund
The Japanese division of the bankrupt FTX crypto exchange has a withdrawal path. The business said that FTX's bankruptcy does not affect its clients' assets. Japanese laws require crypto exchanges to segregate customer money from their own.
New York AG wants retirement fund crypto ban
Letitia James advocates banning bitcoin in 401(k)s and IRAs. Half of U.S. investors want crypto in 401(k)s. The NYAG distinguished digital assets from blockchain technology.
Bitpanda is Germany's first "European retail" crypto platform.
Bitpanda has a crypto custody license from BaFin. Austrian crypto exchange can legally market to Germans. Bitpanda is regulated in Austria, the UK, Italy, the Czech Republic, Spain, Sweden, and France.
Decentralists criticize Uniswap's new privacy policy.
Some crypto community members say this violates decentralized ideals. The cryptocurrency's developers. Firo said Unisweap's privacy change is "dangerous precedent" for DEXs.
Genesis rejects bankruptcy plans
Genesis, a cryptocurrency loan startup, has denied reports that it is contemplating a "imminent" bankruptcy case. According to reports, the company had difficulty acquiring funds for its lending section and informed investors that it would have to declare bankruptcy. Genesis said on November 16 that withdrawals had been temporarily halted due to "unprecedented market turmoil" after FTX's demise.
US court sets deadline for Celsius bankruptcy claimants
The U.S. Bankruptcy Court in New York State has approved a new filing deadline for former Celsius users to make claims against the former digital assets lender. Any person or entity - which covers individuals, partnerships, corporations, joint ventures and trusts - who wishes to do so must submit a proof of claim by Jan. 3, 2023, 5:00 pm Eastern Time. The decision comes after independent examiner made an allegation Celsius had 'insufficient' accounting and operational controls.
Bill Ackman predicts crypto will remain
Bill Ackman says he remains bullish about cryptocurrencies, despite recent challenges. Ackman is the CEO and founder of hedge fund management firm Pershing Square Capital Management. He believes there's a need to increase oversight and remove "fraudulent actors". The billionaire has called for the removal of regulatory barriers and easing of regulations in New York.