Key Takeaways Court filings accused Bahamas officials of asking Bankman-Fired to mint new tokens and transfer them to officials The Securities Commission of the Bahamas (SCB) has also fired back against claims tokens under its control were stolen Hard to know what allegations are true, but anybody remotely connected to FTX is coming out badly […]
Tag: STO
Square Enix’s President Doubles Down on Blockchain and Gaming for 2023
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Japanese game developer Square Enix will not give up on its blockchain gaming initiatives, the company’s president Yosuke Matsuda wrote in a letter. Matsuda’s remarks come as a response to criticism by Square Enix’s […]
Bahamas Regulator Challenges FTX CEO’s Allegations over Customer Funds
<p>The Securities Commission of The Bahamas (SCB) released a statement on Monday to defend itself against the “material misstatements” made by the newly appointed Chief Executive of FTX, John Ray, who is overseeing the <a href=”https://www.financemagnates.com/terms/b/bankruptcy/” target=”_blank” id=”41b3ef0d-d805-441d-8443-121890264e94_1″ class=”terms__main-term”>bankruptcy</a> proceedings of the <a href=”https://www.financemagnates.com/tag/ftx/” target=”_blank” rel=”follow”>collapsed cryptocurrency exchange.</a></p><p>The Bahamas Regulator Challenges FTX’s CEO Ray</p><p>The statements […]
Binance in Final Stages of Acquiring One of South Korea’s Largest Exchanges
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a local outlet, Binance recently concluded its due diligence process for acquiring the South Korean crypto exchange Gopax. Binance is reportedly planning to purchase a 41.2% stake from the current CEO, Lee […]
Lido now has the highest TVL in DeFi after overtaking MakerDAO
Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion. At press time, Lido had $5.96b DeFi TVL. Lido seems to be benefitting from Ethereum’s merge upgrade. At press time, Lido which specializes in liquid staking had a total value staked of $5.96 billion which is $0.05 billion higher than MakerDAO’s TVL of $5.91 […]
Report: $300m of FTX debtors transferred without authorization
This cryptocurrency is currently held in a single digital wallet at Fireblocks The Bahamas Commission instructed Sam Bankman-Fried to transfer the funds to this wallet FTX debtors (FTX Trading Ltd. and affiliates) published information on their cryptocurrency in the control of the Bahamas Commission (Securities Commission of the Bahamas). After the chapter 11 bankruptcy case […]
SBF Likely to Plead Not Guilty, Takes to Twitter For the First Time Since Arrest
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a recent report, Sam Bankman-Fried is expected to plead not guilty when he appears before the court next week. Furthermore, the fallen billionaire took to Twitter for the first time since his […]
Latest RBI Financial Stability Report Addresses Crypto Concerns
The 26th issue of the Finance Stability Report from December 2022, released by the central bank of India, noted that while the Indian economy is facing significant global challenges, strong economic foundations and healthy financial and non-financial sector balances offer a reason for cautious optimism. The RBI has noted that despite recessionary risks in the […]
3 “Best” Exchanges to Buy Kin KIN (December 2022)
Kin (KIN) is a cryptocurrency purpose built to serve Web3 and mobile apps. The Kin ecosystem boasts notable integration into major platforms like Kik, providing users a means of value transfer, and incentivized platform activity. To learn more, make sure to visit our Investing in Kin guide. We list the top 3 exchanges that offer […]
How Microstrategy Lowered its Tax Obligation with a Crypto Loophole
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. MicroStrategy bought a large number of bitcoin on Wednesday, sold a portion at a net loss, and bought the cryptocurrency just two days later. The business intelligence firm did this deliberately to reduce its […]
