PYMNTS-MonitorEdge-May-2024

crypto

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Ex-FTX Execs Launching New Crypto Exchange
Ex-FTX Execs Launching New Crypto Exchange
November 12, 2023  |  Cryptocurrency

At Sam Bankman-Fried’s trial last month, Can Sun was a key witness. Now, the former FTX general counsel is reportedly at work on a new...

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Ripple Chief: SEC Could Be ‘Thawing’ Toward Crypto
Ripple Chief: SEC Could Be ‘Thawing’ Toward Crypto
November 12, 2023  |  Cryptocurrency

The CEO of Ripple says the SEC has stumbled in its investor protection duty. “I think the SEC, in my opinion, has lost sight of their mission to...

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FTX Suit Seeks $953 Million From Fellow Crypto Firm Bybit
FTX Suit Seeks $953 Million From Fellow Crypto Firm Bybit
November 12, 2023  |  Cryptocurrency

FTX’s quest to recover its lost assets is continuing with a lawsuit against Bybit. The suit, filed Friday (Nov. 10) in U.S. bankruptcy court, seeks to recoup around...

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Celsius Bankruptcy Case Comes to a Close
Celsius Bankruptcy Case Comes to a Close
November 09, 2023  |  Cryptocurrency

Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its...

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Standard Chartered and SBI Create $100 Million Crypto Investment Firm
Standard Chartered and SBI Create $100 Million Crypto Investment Firm
November 09, 2023  |  Cryptocurrency

Standard Chartered Ventures and SBI Holdings are forming a $100 million company to back cryptocurrency startups. The new venture will be based in the United Arab Emirates (UAE)...

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Genesis’ New Bankruptcy Plan Draws Ire of the Feds
Genesis’ New Bankruptcy Plan Draws Ire of the Feds
November 02, 2023  |  Legal

Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it...

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Bitcoin Surges to 17-Month High Before Retreating
Bitcoin Surges to 17-Month High Before Retreating
November 01, 2023  |  Bitcoin

Bitcoin experienced a brief surge to a fresh 17-month high Wednesday (Nov. 1) before retreating from the $35,000 mark.  The cryptocurrency jumped around 1.5% to...

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‘Crypto Sleuths’ Query Alameda Research’s Tether Transactions
‘Crypto Sleuths’ Query Alameda Research’s Tether Transactions
October 30, 2023  |  Cryptocurrency

FTX founder Sam Bankman-Fried’s criminal trial has reignited another mystery. As Bloomberg News reported Monday (Oct. 30), “crypto sleuths” are examining the relationship between FTX’s sister...

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UK Will Regulate Crypto Like Other Financial Services
UK Will Regulate Crypto Like Other Financial Services
October 30, 2023  |  Cryptocurrency

The British government has unveiled its long-awaited plans for regulating cryptocurrencies. Included in that plan is the government’s intent to “bring a number of cryptoasset...

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