Latest from Nelson Wang
Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
The collapse of FTX in late 2022 may have been the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
Justice Department Announces Major International Crypto Enforcement Action
The department held a press conference at noon Eastern time on Wednesday.
FTX Debtors Give Details on Digital Assets Identified So Far
The FTX Debtors group has identified $1.6 billion of digital assets associated with FTX.com and $181 million connected to FTX US.
Fidelity International-Backed Exchange OSL Cuts Workers Amid Crypto Winter: Bloomberg
Hugh Madden, CEO of OSL's parent company, cited current market conditions.
US House Republicans to Set Up Crypto Committee to Oversee Shaky Industry: Report
The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.)
Canadian Crypto Exchanges Coinsquare, WonderFi in Advanced Talks to Merge: Bloomberg
The combination would create the country’s largest cryptocurrency exchange.
Sam Bankman-Fried Denies Stealing FTX Funds in New Online Post
The former FTX CEO blamed the exchange's collapse on the crypto market meltdown, Alameda’s poor hedging and a "targeted attack" by Binance.
Bipartisan Group of US Senators Calls for Independent Examiner to Investigate FTX
Four senators are urging the judge in the bankruptcy case to support a motion for to appoint an examiner.
A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
The company acknowledged to Bloomberg that the process of maintaining the peg "has not always been flawless," but said the problem has now been fixed.
French Central Bank Head Wants Crypto Licensing Ahead of MiCA Standards: Bloomberg
The current turmoil in the crypto markets shows the need for such requirements as soon as possible, the banking chief said.
