Tag: Report

FTX-tied townhouse in Washington DC unlisted: Report

boss

A property linked to Sam Bankman-Fried’s political spending was pulled off the market by the seller as a sign of “good faith” after being linked to FTX customer funds, the Wall Street Journal reported. The townhouse – located a few blocks from the United States Capitol, in the Capitol Hill neighborhood – is owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, brother of the bankrupt exchange’s former CEO. In court filings from January, FTX’s new management claimed that customer funds were misappropriated to purchase the property…

Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

boss

The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report looked at global approaches to digital asset regulation, the digital asset industry and decentralized finance (DeFi) in Central Asia and the Commonwealth of Independent States in particular.  In his introduction to the report, NBK Deputy governor Berik Sholpankupov wrote about the bank’s vision of a “collaboration between Traditional Finance and DeFi” that could increase financial inclusion and support international trade. He…

Alphabet Q4 2022 Financial Report Shows Earnings Miss as YouTube Struggles

Alphabet posted a less-than-savory Q4 2022 report that reflects the current tech downswing and looming recession.  Alphabet Inc (NASDAQ: GOOGL) recently posted its Q4 2022 results, which showed earnings miss on its top and bottom lines. As a result, the tech giant’s stock slid nearly 4% in the after-hours session, eroding some of its 7.28% earlier gains. Alphabet Q4 2022 Results by the Numbers On Thursday, Alphabet reported a revenue haul of $76.05 billion versus the markedly higher $76.53 billion analysts expected. In addition, the California-headquartered multinational also posted fourth-quarter earnings per…

Silvergate faces DOJ investigation over FTX and Alameda dealings: Report

boss

Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the bankrupt FTX exchange and its affiliates. The probe is investigating Silvergate’s hosting of accounts linked to former FTX CEO Sam Bankman-Fried’s businesses, according to a Feb. 3 report by Bloomberg, which cited “people familiar with the matter.” The California-based crypto bank is not accused of any crime, but investigators are attempting to discover how deep the dealings with FTX and Alameda went. Silvergate was heavily impacted by the collapse…

Only 4 people controlled Tether Holdings as of 2018: Report

A group of four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall Street Journal in connection with United States authorities investigations. New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure. The company is the issuer of Tether (USDT), the world’s largest stablecoin with $68 billion in circulation, according to CoinMarketCap. According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former…