Latest from Nelson Wang
Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
The purchase makes Brendan Blumer the largest holder of Silvergate Capital.
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
The U.S. CFTC had previously taken legal action against the man.
Sam Bankman-Fried Cashed Out $300M in Previous Funding Round: Report
In a previously undisclosed detail, most of the $420 million raised in October 2021 went directly to Bankman-Fried, according to the Wall Street Journal.
California Finance Regulator Moves to Suspend Crypto Lender Salt’s License
Salt announced on Tuesday it was pausing customer withdrawals due to the impact of FTX’s collapse.
US Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers
The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.
La unidad de préstamos de Genesis detuvo los retiros por el colapso de FTX
La rama, conocida como Genesis Global Capital, atiende a una base de clientes institucionales y, para finales del tercer trimestre del 2022, tenía US$2800 millones en préstamos activos totales.
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
FTX Assets Frozen by Bahamian Regulator
The Bahamas Securities Commission said it was a “prudent course of action” to “preserve assets and stabilize the company.”
Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023
The crypto exchange’s transaction revenue fell 44% from the second quarter.
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ earnings.
