SEC considers FTT to be a security
FTT, the native token of the now-defunct cryptocurrency exchange FTX, has been categorized as a security by the U.S. SEC in a recent complaint. The SEC said in a complaint filed late Wednesday that FTX’s exchange token FTT was promoted as an investment contract and thus is a “security.” According to the regulatory watchdog, FTT […]
Binance Targets $1B Recovery Fund For Distressed Crypto Assets
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets. Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager bitcoin loan company. In an interview with BloombergTV on […]
FTX Begins Strategic Review Of Global Assets
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court’s approval. The defunct cryptocurrency exchange FTX and 101 of the 130 affiliated companies announced the beginning of a strategic review of their global assets as part of […]
Genesis Block To Cease Trading In Hong Kong
Genesis Block, a cryptocurrency trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday. Another crypto company is facing the market impacts of the current FTX incident. A leading provider of bitcoin retail services in Hong Kong, Genesis Block, has reportedly declared it will stop trading and shut […]
4 Tips on surviving the recent black swan event in the crypto market
Given the recent happenings in the crypto market, now might be a good moment to evaluate some of the best things you can do, as a trader and as a person, to protect yourself against similar events in the future. While the failure of a huge cryptocurrency exchange is the most recent example of a […]