Ripple has turned its attention to countries outside the U.S. due to its ongoing lawsuit with the U.S. Securities and Exchange Commission. Source
Ripple Seeks Crypto License in the Republic of Ireland: Report
Tag: Report
Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player. Source
Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report
CryptoX – Cryptocurrency Analysis and News Portal Faruk Fatih Öze, the founder of Thodex, one of Turkey’s largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday. Original Source The post Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report appeared first on CryptoX. CryptoX Portal
Thodex Founder Faruk Fatih Özer to Be Extradited to Turkey: Report
Faruk Fatih Özer, the founder of Thodex, one of Turkey’s largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday. Source
Sam Bankman-Fried Switches Legal Counsel as Investigations Into FTX Collapse Mount: Report
Former FTX CEO Sam Bankman-Fried will no longer be represented by his legal counsel at Paul, Weiss, Rifkind, Wharton & Garrison, a white-shoe law firm, less than a week after retaining the firm to represent him. Source
FTX and Alameda likely colluded from the very beginning: Report
According to a new report published by blockchain analytics firm Nansen on Nov. 17, bankrupt cryptocurrency exchange FTX was allegedly intertwined with that of crypto trading firm Alameda Research from the very beginning. Both entities were created by crypto businessman Sam Bankman-Fried, who is now being considered for extradition by U.S. authorities for his role in the collapse of the exchange. Based on available on-chain evidence, Nansen identified a series of wallets placing Alameda as one of the earlier liquidity providers for FTX in May 2019. Of the initial 350…
How to Report FTX Crypto Losses on Your Taxes
If, however, the funds don’t end up being recovered and the exchange gets shut down (as we’ve seen with Mt. Gox, QuadrigaCX, BTC-E, Cryptsy, Celsius and so many others), I would recommend classifying tokens lost on FTX as worthless investment losses, and taking a capital loss in the year that it is determined that the tokens are deemed worthless. Source BitcoinCryptocryptoexchangeExchangesFTXLossesReportTaxes CryptoX Portal
Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers’ Crypto Recommendations: Report
“It doesn’t really give us the real background detail,” Alison Thewliss, a member of Parliament’s Treasury Committee, told Bloomberg. “I’m sure the committee will be asking more questions to get to the details of what happened here, because there are wider implications for this collapse and for the crypto sector as a whole.” Source
Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender
Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilities. Source
Sam Bankman-Fried says he regrets filing for bankruptcy: Report
The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.” In a wide-ranging interview with VOX which was published on Nov. 16, Bankman-Fried reportedly answered questions on a number of topics such as the Nov. 11 Chapter 11 bankruptcy filing, his thoughts on regulators, ethics, how FTX and Alameda “gambled with customer money,” and the FTX hack. According to screenshots of the Twitter conversation between VOX reporter Kelsey Piper and Sam Bankman-Fried, the former FTX…