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” FTX meltdown triggers FINRA into probing crypto comms “ The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them. The regulatory body, in an official notice, announced that it is launching a targeted exam on firms on how they…
” Sam Bankman-Fried rumor mill running amok: Trading course, FBI extradition, FTX hack “ Rumors and speculations surrounding former FTX CEO Sam Bankman-Fried (SBF) continue to bombard the crypto community as the effects of the FTX collapse proceeds to be felt throughout the crypto space. One of the rumors floating around social media is that…
” Metaverse ‘explosion’ will be driven by B2B, not retail consumers: KPMG partner “ The Australian arm of Big Four accounting firm KPMG could soon be holding executive meetings and closing multi-million dollar deals with clients in the Metaverse, with the firm now exploring how the revolutionary technology can transform its business model. In a…
” Bahamian securities regulator ordered the transfer of FTX’s digital assets “ The Securities Commission of The Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17 statement, the SCB said it exercised…
” Jump Crypto denies rumors that it intends to wind down due to FTX losses “ Jump Crypto, a division of the Jump Trading Group, has denied rumors circulating online that it intends to wind down operations due to its exposure to FTX losses. According to a tweet shared by the company on Nov. 17,…
” 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…
” Heroic Story secures $6 million to build Web3 tabletop RPG world “ Web3 gaming protocol Heroic Story raised $6 million in a seed round led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology, the company announced on Nov. 17. The funds will be used to hire talent, market the live beta…
” Ethereum Climate Platform launches to address the network’s prior PoW emissions “ Months after the Ethereum Merge, when the network shifted to the more eco-friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to redress the network’s former proof-of-work (PoW) carbon emissions. At the COP 27 climate action event, Web3 firms,…
” Aussie treasurer promises crypto regulation next year amid FTX debacle “ The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasurer Jim Chalmers said the Treasury said it is now planning on regulations to improve…
” Esports team TSM suspends $210M sponsorship deal with FTX “ Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet…