ftxforarc

A bankruptcy court judge in Delaware has given New York law firm Sullivan & Cromwell the green light to continue representing FTX during its bankruptcy proceedings. CoinDesk regulation reporter Cheyenne Ligon discusses the recent controversy about the white-shoe law firm's potential conflicts of interest. Plus, the latest on FTX founder Sam Bankman-Fried's recent online posts.

Jan 23, 2023

Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pummeled by two of 2022's biggest industry collapses. CoinDesk News Desk Managing Editor Danny Nelson discusses what we know so far. DCG is the parent company of CoinDesk and Genesis.

Jan 20, 2023

New FTX CEO John J. Ray III is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal. Lumida CEO and co-founder Ram Ahluwalia discusses the possibilities of FTX's comeback and Genesis Global Capital's reported bankruptcy concerns. Plus, why he thinks a key idea about securities law "is being lost" in the Gemini and Genesis debate. DCG owns Genesis and CoinDesk.

Jan 19, 2023

Bitcoin miner CleanSpark (CLSK) started the construction of 50 megawatts (MW) of infrastructure, which could increase its computing power by 25% to 34%. Separately, FTX new head John J. Ray III, is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal.

Jan 19, 2023

According to the Wall Street Journal, the new head of FTX, John J. Ray III, is exploring the possibility of restarting the bankrupt crypto exchange. "The Hash" panel discusses what this could mean for the future of FTX.

Jan 19, 2023

Hedera Chief of Staff and Head of Global Policy Nilmini Rubin discusses how the blockchain industry could build back trust following the fall of FTX. "In a way, it was helpful that we had an implosion because the weaker entities fell down," she says

Jan 19, 2023

Earlier Wednesday, bitcoin (BTC) reached its highest point before the FTX collapse. Brad Keoun, CoinDesk Managing Editor of Tech and Protocols, discusses the latest price movement for the largest cryptocurrency by market capitalization, as Bloomberg reports Genesis is in confidential negotiations with various creditor groups, with the company warning it could seek bankruptcy protection if it fails to raise capital. Keoun also weighs in on Grayscale Bitcoin Trust discount narrowing. DCG is the parent company of Grayscale, CoinDesk, and Genesis.

Jan 18, 2023

In a new Substack post on Tuesday, former FTX CEO Sam Bankman-Fried reiterated his claims that FTX US "was and is solvent." "The Hash" panel discusses the latest from the fallen crypto entrepreneur who faces trial on fraud charges.

Jan 18, 2023

Skybridge Capital Founder Anthony Scaramucci discusses his take on cryptocurrency conglomerate Digital Currency Group (DCG), informing its shareholders that the firm is suspending dividends until further notice. DCG is the parent company of CoinDesk.

Jan 18, 2023

Anthony Scaramucci, founder of Skybridge Capital and the SALT conference, discusses why he's investing his personal funds in a firm set up by former FTX.US president Brett Harrison. "This is from my personal money into Brett Harrison's business," The Mooch said. "I think he got blindsided by FTX international situation."

Jan 18, 2023