Day: November 19, 2022

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News

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Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states. Major Canadian Pension Plan Writes Down FTX Investment Ontario Teachers’ Pension Plan (OTPP), Canada’s third largest pension fund, issued a statement Thursday regarding its investment in the collapsed cryptocurrency exchange FTX. The OTPP, which currently has about C$243 billion ($182 billion) in net assets, invests for 333,000…

FTX leadership pressed for information by US subcommittee chairman

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“FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote in a Nov. 18 letter addressed to both former FTX CEO Sam Bankman-Fried and the exchange’s current CEO John J. Ray III, who took over in the wake of FTX’s bankruptcy filings. Krishnamoorthi added the subcommittee was “seeking detailed information on the significant liquidity issues faced by FTX, the company’s abrupt decision to declare bankruptcy, and the potential impact of these actions on customers who used your exchange.” He…

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Grayscale cites security concerns for withholding on-chain proof of reserves

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Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.” In a Nov. 18 Twitter thread addressing investor concerns, Grayscale laid out information regarding the security and storage of its crypto holdings and said all crypto underlying its investment products are stored with Coinbase’s custody service, stopping short of revealing the wallet addresses. 6) Coinbase frequently performs on-chain validation. Due to security concerns, we do not make such on-chain wallet…

Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors – Bitcoin News

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The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator. Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies for ‘Safekeeping’ The Securities Commission of the Bahamas (SCB) announced Thursday that it has taken “the action of directing the transfer of all digital assets of FTX Digital Markets Ltd. (FDM) to a digital wallet controlled by the Commission, for safekeeping.”…

Get Paid with Crypto in your App // Coinbase Commerce Tutorial

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Learn how to accept cryptocurrency payments, like $BTC or $ETH, in your webapp with Coinbase Commerce. 💰 Free money! Get $10 when you use this link *This video is not sponsored and I had no contact with Coinbase Resources: Coinbase Commerce Cloud Functions Docs Source code: 00:00 Why accept crypto? 00:32 How crypto payments work 01:55 Coinbase commerce setup 03:17 Create Charges 05:49 React with Webhooks #crypto #bitcoin #tutorial My VS Code Theme – Atom One Dark – vscode-icons – Fira Code…

#Cryptocurrency – Why Governments are against #Crypto ? #Bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io India is preparing to clamp down on its booming cryptocurrency trade with a new law likely to be introduced in parliament this month. Details of the legislation remain unclear, but the government wants to ban all private digital currencies, with some exceptions. India hopes that a ban would pave the way for the Reserve Bank of India — the country’s central bank — to gain control over digital money, despite concerns over the lack of advanced data protection laws. The central bank…