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FTX
Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.
Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing
The issue of the law firm is expected to be the subject of a bankruptcy court hearing scheduled for Friday.
New FTX CEO Trying to 'Clear the Wreckage' After Crypto Exchange Collapse: Lumida CEO
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.
CleanSpark Builds Additional Mining Capacity; Could FTX Be Revived?
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.
Alameda Research-Connected Bank Exits Crypto Business
Farmington State Bank, a small community bank in the state of Washington, is also changing its name.
FTX Could Be Revived, Says New CEO
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.
Hedera Executive on Building Trust in the Blockchain Industry
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
New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal
John J. Ray III made the comment in his first interview since taking over FTX in November.
World Leaders Warmed to Blockchain at Davos This Year, Despite Crypto Winter
Crypto advertising has dropped at Davos in 2023, but discussions and panels from industry leaders are in full swing.
Crypto Lawyers Share Blame for FTX, Other Disasters, CFTC Commissioner Says
Gatekeepers such as lawyers, accountants and investment firms should have insisted the crypto industry handle itself in a safer fashion, Commissioner Goldsmith Romero argued.
