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FTX
FTT Token Surges as FTX Lawyer Says Exchange Could Reopen; Block’s TBD Partners With Yellow Card
FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing on Wednesday. Separately, TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block (SQ), is teaming up with crypto exchange Yellow Card to enable cross-border payments in 16 countries across Africa.
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
FTT's price more than doubled.
Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules
The 2021 payment to Tether's bank Deltec International was originally approved by FTX's Ryan Salame.
Casa CEO on Self-Custody in Wake of FTX Collapse
As conversations revolving around self-custody remain at the forefront in the wake of crypto exchange FTX's collapse, Nick Neuman, CEO of the bitcoin self-custody firm Casa, discusses the importance of securing and owning your crypto. Plus, his take on what to expect from Ethereum's Shanghai upgrade.
FTX Will Receive All of Ren Protocol's Pegged Assets, Including Bitcoin and Dogecoin
FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down.
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.
Former FTX US President Quit After ‘Protracted Disagreement’ With Bankman-Fried: Report
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest.
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”
Thanks Sam! How FTX Led to World’s Worst Crypto Policy
Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
