Tag: FTX

Crypto trading platforms account for the largest FinTech insolvencies in 2022

Some of the largest FinTech insolvencies took place in 2022 with Crypto trading companies taking the top spots. Overall 2022 has been a challenging...

Crypto lender SALT nets $64.4m in Series A raise

SALT Lending, a crypto lending platform, has scored $64.4m in a Series A funding round from a share sale to accredited investors, CoinDesk has reported.

Genesis owes over $3bn in debt, as DCG seeks funding –...

Cryptocurrency brokerage Genesis reportedly owes creditors over $3bn, which is prompting its owner, Digital Currency Group (DCG), to sell assets in its venture portfolio to raise money.

US regulators issue warning to banks on crypto exposure risks

Three US regulators have called on banks to be on their guard against crypto exposure risks in the wake of the FTX collapse.

FTX’s Sam Bankman-Fried reportedly pleads not guilty

FTX founder Sam Bankman-Fried has reportedly pleaded not guilty to charges alleging he defrauded customers.

ISDA to publish crypto derivatives draft standards by end of 2022

The International Swaps and Derivatives Association (ISDA) is planning to publish its initial set of standards and definitions for the OTC crypto derivatives market...

Cryptocurrency exchanges try to reaffirm faith

Cryptocurrency exchanges have been reaffirming the public of their reserves to quench customer fears, as the market reacts to FTX.

FTX wins $1.4bn auction to snap up bankrupt Voyager

Crypto firm FTX has won the auction for the assets of Voyager Digital, a bankrupt crypto lender, for $1.42bn.

Cryptocurrency trading app BlockFi nabs $250m in credit

Cryptocurrency financial services platform BlockFi has scored a $250m revolving line of credit.

FTX US acquires clearing firm Embed

FTX US has acquired Embed Financial Techologies, a clearing firm specialising in providing white label brokerage services and APIs to broker-dealers and investment advisors.  

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