Crypto Lender Vauld Receives Creditor Protection Extension
The firm now has till 20 January 2023 to work on a restructuring plan. Source
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Crypto
Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar – Bitcoin News
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning Sam Bankman-Fried’s (SBF) quantitative cryptocurrency
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Wintermute Ceased Trading and Moved Funds From Crypto Exchange FTX US Before Warning
The trading firm said earlier that it had stopped trading on FTX, a separate crypto exchange for international users, but some of its funds were stuck on the platform. Source
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FTX Lesson: Crypto Needs the Press, the Press Needs Crypto
CryptoX played a central role in this week’s FTX meltdown, following our coverage of Alameda Research’s suspect balance sheet last week. But the crypto industry's maturation and eventual success requires that we flesh out these unstable structures and bad practices. Source
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Latam Based Crypto Exchange Bitso Launches QR Payment Service for Tourists in Argentina – Exchanges Bitcoin News
Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing
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Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
According to co-founder Kevin Zhou, the locked funds total around $40 million. Source
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FTX Crypto Wallets See Mysterious Late-Night Outflows Totalling More than $380M
More than $380 million in crypto left FTX and FTX US wallets late Friday. Source
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SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’ – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal loopholes to obtain a regulatory
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LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa – Press release Bitcoin News
press release PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including regions such as Korea, South East
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Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
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