Crypto exchange Gemini has a $900mn exposure to FTX and working to recover funds. One suspects the list of those owed money by FTX is long and there may not be a lot of liquid assets with value left to…
So out the back end of the catastrophic collapse of crypto could come the white charger to save the day. Could central banks and global banking institutions be looking to bring Crypto Backed Digital Currencies to regulated markets? Ted Dziekanowski…
A great article from the FT, as auditors seem a little worried about the oversight and assurance of crypto clients following the recent FTX collapse. Auditors are caught between a rock and a hard place. Having to assure the books…
Maybe a little late? Ted Dziekanowski #crypto #cryptocurrency View Original Post
This is a ‘damned if you do, damned if you don’t’ moment. Following the past 12 months of crypto news, regulators have said they want and need to regulate the industry, but sometimes have been constrained by a lack of…
A really good read from the ft. One has to assume that those who had something to say against crypto, may have been drowned out of the conversation. Everyone knew of the upside and downsides of crypto. But the underlying…
And the next crypto service to face the grim reaper is? What danger faces the crypto industry when crypto asset backed businesses seek investments from other crypto exchanges to keep them a going concern? Does moving money around the industry…
Tuesday this week will be a day when more information becomes available on FTX, as the initial bankruptcy hearing takes place in Delaware. With over 1 million creditors there’s a long cue looking to get their cash, or bitcoin back.…
Will the collapse of FTX give the SEC the necessary political support to oversight crypto? #crypto #cryptocurrecy View Original Post
The enclosed first day Affidavit and article () say everything about the state of FTX at the time of the filling for Chapter 11. FTXs appointed liquidator John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that…
