CryptoX – Cryptocurrency Analysis and News Portal Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday. Original Source The post Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals appeared first on CryptoX. CryptoX Portal
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares FTX to Enron Former Treasury Secretary Lawrence Summers shared his view on the need for cryptocurrency regulation following the collapse of Sam Bankman-Fried’s FTX crypto empire in an interview with Bloomberg Television Friday. Summers served as the U.S. Secretary of the Treasury from 1999…
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The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commission vehemently denied the contents of a Nov. 11 statement from FTX on Twitter that suggested it had been instructed by “Bahamian HQ’s regulation and regulators” to facilitate the withdrawal of Bahamian funds. “The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets, Ltd. the prioritization of withdrawals for Bahamian clients,” read the statement, which…
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Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers. In FTX.US’ case, its products enable users to allow FTX.US customers to connect their bank accounts to the FTX app. This would then allow FTX.US to request payments that will be processed by the ACH network. In a pinned Tweet on Nov. 12, Plaid announced it has suspended FTX’s access to Plaid products as of approximately 6:30 am UTC on Nov. 12, meaning that “FTX can no longer retrieve any financial…
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited. Robert Kiyosaki Isn’t Worried About Bitcoin’s Price The author of Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin as BTC fell below $17K amid the implosion of cryptocurrency exchange FTX. Rich Dad Poor Dad is a…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Losing money investing in cryptocurrency can really take its toll on you, physically, and financially. Bitcoin is supposed to be an inflation-hedge, and yet inflation is up, and Bitcoin is down, to be honest crypto is beating the crap out of me right now. Subscribe? Cake DeFi offers Crypto returns – join the VoskCoinTalk forum today – VoskCoin Discord server the best crypto server – Nobody just “knows” how to be a great crypto investor or trader – it’s a skill that…