US regulators issue first ever warning to banks over crypto asset risk
The joint warning was issued on the same day the Feds launched a new FTX Task Force to recover lost investor assets from the collapsed exchange.
The joint warning was issued on the same day the Feds launched a new FTX Task Force to recover lost investor assets from the collapsed exchange.
The former CEO of Alameda Research and the former chief technology officer of FTX Trading have been charged by the SEC and CFTC for their roles in a “multi-year scheme to defraud investors” and have also pleaded guilty to criminal charges; while SBF has been extradited to the US from the Bahamas.
One of the world’s largest crypto lenders has filed for Chapter 11 bankruptcy – the latest casualty following the foundering of FTX. But what could the current chaos mean for the future of the market?
Genesis blamed FTX’s spiral and the subsequent “unprecedented market turmoil” it had caused.
Events surrounding the demise of the exchange have rocked the digital assets markets, triggering $6 billion of withdrawals in three days and forcing Bitcoin to a two-year low.
Learn more about the five firms shortlisted for our Editors’ Choice Award for Best Challenger Exchange, a new category for this year: including Archax, FTX, IEX, MEMX and MIAX.
Launch will allow Paradigm users to trade the spread between spot, perpetuals and futures instruments, with guaranteed atomic execution and clearing of both legs on FTX.
Acuiti report found that greater intermediation from traditional sell-side firms and more participation from the buy-side would have the biggest positive impact on the market.
New FTX Access platform will provide execution, index, analytics and advisory services to institutional investors interested in gaining exposure to digital assets.
The latest funding round has increased FTX Trading’s valuation to $32 billion.