Tag: FTX

FTX Japan prepares refund | Blockchain News

Nevertheless, in spite of the fact that it is one of the 134 companies that are now participating in the bankruptcy proceedings of FTX, the Japanese subsidiary has been working on a plan to refund customer cash. The Japanese subsidiary of the cryptocurrency exchange FTX has devised a plan to continue processing withdrawal requests after it was determined that the assets of its customers will not be affected by the bankruptcy procedures that are currently being carried out by the FTX cryptocurrency exchange, which has since ceased operations. On December…

US Senate committee hearing on FTX fail brings gaps in regulatory authority to light

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United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in current legislation have come to light, Behnam and the senators agreed. Sen. Tina Smith called the FTX collapse “shocking, not surprising,” and said that future crises will continue to occur as long as regulatory gaps remain. Behnam pointed out that the Securities…

Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity – Bitcoin News

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According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, down from just above 900,000 UAWs recorded during the last two months. Moreover, Dappradar says that blockchain gaming accounted for “a healthy 46% of all blockchain activity.” Report: Blockchain Gaming Shrugs off FTX Collapse With…

Despite the Former FTX CEO’s Media Tour Many Unanswered Questions Remain – Bitcoin News

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Former FTX CEO Sam Bankman-Fried (SBF) has been talking a lot more since his exchange collapsed a few weeks ago, as he’s spoken at the New York Times Dealbook Summit, sat down with Good Morning America host George Stephanopoulos, and recently conducted an interview with New York Magazine. While doing all of these interviews, SBF has revealed very little and crypto supporters believe SBF is being portrayed as the “boy next door” who simply made a bad mistake, and people are wondering why the FTX co-founder is being treated so…

Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse

Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers.  In a Dec. 1 hearing of the Senate Agriculture Committee exploring the collapse of FTX, Behnam said LedgerX had essentially been “walled off” from many of the companies within FTX Group — including those that filed for bankruptcy — that provided a regulatory window for…

CFTC Chairman Rostin Behnam cites LedgerX as success story amid FTX collapse

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Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has cited FTX Group’s LedgerX as an example of how regulating crypto firms could benefit United States consumers. The U.S.-based crypto derivatives and clearing platform was not part of its parent company’s recent bankruptcy filing. At a Dec. 1 hearing of the Senate Agriculture Committee exploring the collapse of FTX, Behnam said LedgerX had essentially been “walled off” from the other companies within FTX Group, including those that filed for bankruptcy. The CFTC chairman said that LedgerX was “healthy,” “solvent,” and “operational” compared…

Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse – Bitcoin News

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In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto in cold storage, centralized exchange (cex) platforms, and decentralized exchange (dex) protocols for years, the Dutch family has decided to proactively transfer $1 million in digital assets to dex protocols in order to have more…