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Tag: regulation

# Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report
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# Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report

Admin4 years ago04 mins

” Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report “ New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture. A report published in The Wall Street Journal citing former employees revealed that Alameda incurred heavy…

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# Crypto makes history in 2022: Five instances of governments embracing digital assets
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# Crypto makes history in 2022: Five instances of governments embracing digital assets

Admin4 years ago013 mins

” Crypto makes history in 2022: Five instances of governments embracing digital assets “ The year 2022 wasn’t the best one in terms of crypto reputation among regulators and policymakers. However, even amid the market breakdown and repetitive public attacks on the industry, some of the officials found the courage to embrace the innovation. Some…

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# US lawmakers under pressure following FTX collapse: Report
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# US lawmakers under pressure following FTX collapse: Report

Admin4 years ago04 mins

” US lawmakers under pressure following FTX collapse: Report “ Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new…

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# Sam Bankman-Fried to reportedly plead not guilty to criminal charges
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# Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Admin4 years ago03 mins

” Sam Bankman-Fried to reportedly plead not guilty to criminal charges “ Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the…

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# SBF met with Biden’s senior advisors 2 months before FTX collapse: Report
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# SBF met with Biden’s senior advisors 2 months before FTX collapse: Report

Admin4 years ago04 mins

” SBF met with Biden’s senior advisors 2 months before FTX collapse: Report “ Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, and reportedly a meeting just two months before the fall of his crypto empire. Most of the meetings were disclosed…

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# Bank of India report calls for regulatory coordination on crypto market challenges
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# Bank of India report calls for regulatory coordination on crypto market challenges

Admin4 years ago05 mins

” Bank of India report calls for regulatory coordination on crypto market challenges “ The Reserve Bank of India (RBI) has appealed to the country’s presidency of the G20 group of the world’s largest economies as a pulpit to call for the development of a global regulatory framework for crypto assets. In its latest financial…

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# Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka
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# Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka

Admin4 years ago07 mins

” Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka “ A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.  Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the…

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# Alameda wallets funnel over .7M via crypto mixers overnight
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# Alameda wallets funnel over $1.7M via crypto mixers overnight

Admin4 years ago04 mins

” Alameda wallets funnel over $1.7M via crypto mixers overnight “ 30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are…

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# FTX customers file class-action lawsuit to get priority reparations
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# FTX customers file class-action lawsuit to get priority reparations

Admin4 years ago04 mins

” FTX customers file class-action lawsuit to get priority reparations “ While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the…

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# Alameda wallets become active days after SBF bail, community mulls foul play
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# Alameda wallets become active days after SBF bail, community mulls foul play

Admin4 years ago05 mins

” Alameda wallets become active days after SBF bail, community mulls foul play “ The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond. The transfer of funds from…

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