Financial Regulator Orders FTX Japan To Cease Operations
In accordance with the directives, FTX Japan will be compelled to halt OTC derivatives transactions, associated margins, and new deposits. The Financial Services Agency (FSA) of Japan has asked FTX Japan to halt business transactions, citing FTX Trading Limited’s policies. The FSA announced on Nov. 10 that administrative procedures had been launched against the crypto […]
FTX CEO Confirms “Stablecoin” Plans
Sam Bankman-Fried, CEO of Crypto exchange FTX, aims to develop the company’s own stablecoin to increase user numbers. Crypto exchange FTX is creating its own stablecoin, CEO Sam Bankman-Fried confirms in an interview with The Big Whale, He declined the possibility of buying Robinhood as well. In addition, SBF disclosed its intentions for the downturn, […]
Sam Bankman-Fried, Vitalik Buterin propose fix for Twitter bot issues
FTX CEO Sam Bankman-Fried and Ethereum co-founder Vitalik Buterin have given their proposed solutions to help control accounts operated by Twitter bots. Sam Bankman-Fried proposed using on-chain social media posts to address the problem, which may turn out to be a crypto use case. He suggested charging a modest amount of gas for each communication […]