Bahamas Financial News

09.05 / 16:29

UPS CEO Strategy Fried Sam Sam Bankman-Fried Says He's Painted "Villain" Amid FTX-Government Collusion

Sam Bankman Fried, the founder of collapsed cryptocurrency exchange FTX, urged a U.S. district court in Manhattan to dismiss charges against him, alleging his former company painted him as «the villain.»

09.05 / 09:13

FTX Ftx Trial Fried Sam FTX Founder Sam Bankman-Fried Seeks Dismissal of Most Criminal Charges Against Him

The disgraced founder of FTX Sam Bankman-Fried has asked a New York federal judge to dismiss most of the criminal charges brought against him by federal prosecutors.

28.04 / 16:07

CEO Platform Fried SkyBridge FTX's Final Days: SkyBridge Founder Scaramucci Discusses Meeting with Bankman-Fried in Bahamas

SkyBridge Capital founder Anthony Scaramucci has spoken about his visit to the Bahamas to meet Sam Bankman-Fried, the disgraced CEO of now-defunct crypto exchange FTX, during the firm's final days.

28.04 / 01:23

business regulation Fraud Police FBI Bankruptcy Former FTX exec Ryan Salame’s home searched by FBI: Report

The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.

27.04 / 23:19

business Fraud FTX exchanges 'The war room was despondent' — Scaramucci recounts FTX collapse at Consensus

On April 27, SkyBridge Capital founder Anthony Scaramucci revealed what the final days of FTX were like, claiming that most employees of the failed crypto exchange probably didn’t know what its executives were doing behind closed doors until it was too late.

27.04 / 13:11

regulation FTX Bahamas Securities Commission Unveils Draft Digital Assets Act in Response to FTX Scandal – Here's the Latest

The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX.

26.04 / 20:45

Stablecoin regulation Digital Asset Bahamas securities watchdog presents comprehensive new draft digital assets act

The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.

22.04 / 16:07

business Gemini Derivatives Winklevoss Twins Gemini to launch derivatives platform outside the United States

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.

20.04 / 22:23

Law regulation Social Media Court YouTube 'BitBoy Crypto' intentionally misses court appearance to address alleged harassment

Ben Armstrong, also known as ‘BitBoy Crypto’, missed a court appearance ordered by a federal magistrate judge in response to the YouTuber’s alleged harassment of counsel in a lawsuit involving several crypto influencers.

18.04 / 01:11

UPS BTC Target Digital CEO Bitcoin Bitcoin Price Prediction as Digital Asset Firm CEO Says He's "More Bullish Now Than I’ve Ever Been" – Bitcoin to $100,000 This Year?

The CEO of a prominent digital asset firm recently expressed unprecedented optimism regarding Bitcoin's future, stating that he is "more bullish now than I've ever been." This statement raises the question: could Bitcoin potentially reach $100,000 within the year?

16.04 / 03:07

Law Twitter regulation FTX Court Lawyers FTX victims' lawyers struggle to serve Shaq

The law firm representing victims affected by the FTX collapse have publicly appealed to NBA superstar Shaquille O’Neal to show “courtesy and honor” by actually accepting their legal complaint after several unsuccessful attempts.

10.04 / 13:37

Blockchain Provident Digital CEO Compilation What FTX’s report reveals about firm under SBF’s leadership

Bahamas-based bankrupt crypto exchange FTX and its affiliated debtors recently released their first report. The 45-page report highlighted the control failures of FTX’s previous management, which included founder and former CEO Sam Bankman-Fried.

05.04 / 14:33

business Stablecoin Tether SVB Silvergate Bankruptcy Signature Bank Tether 'unequivocally reiterates' no exposure to Signature Bank

After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies.

04.04 / 21:41

business Stablecoin Tether Banks Signature Bank banking system Stablecoin issuer Tether accessed US banking system using Signature: Report

Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks.

31.03 / 22:23

business Adoption regulation FTX open Bermuda still open to crypto firms, says premier: Report

The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News.

31.03 / 15:27

FIVE CEO FTX Fried Sam NOT Sam Bankman-Fried Pleads Not Guilty to New Fraud and Bribery Charges in Federal Court – Here's What You Need to Know

Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to five additional charges brought against him in federal court in the US.

24.03 / 15:03

Investing Legal FTX Court Bankruptcy FTX debtors stake FTX Bankruptcy Update: FTX Debtors to Sell Mysten Labs Stake for $95 Million

The infamous crypto exchange FTX will reportedly sell its stake in Web3-focused startup Mysten Labs in an effort to pay back its customers.

23.03 / 15:33

Provident CEO Backed FTX to claw back $460 million from SBF-backed hedge fund

On 22 March, the FTX estate filed a motion to enter into a settlement to recover $460 million in assets for stakeholders.

22.03 / 09:35

Ethereum Provident Lowe's Binance Digital Bitcoin centralized exchanges USD market share on centralized exchanges down 31% in one year: Kaiko

Trading volumes on centralized crypto exchanges (CEX) have seen a significant surge over the past few weeks. Trade volumes of the top 18 exchanges have reached a four-month high of $51 billion, the highest level since the collapse of the Bahamas based crypto exchange FTX.

21.03 / 13:33

FTX Bankruptcy FTX Demands Protection of Assets from Liquidators of Bahamas Unit – What's Going On?

Defunct crypto exchange FTX has asked a US bankruptcy judge to protect its property from the liquidators in charge of winding down its Bahamas unit.

21.03 / 11:31

Provident Digital Citizens Florida CBDC ban: Governor cites ‘reckless adoption’ of digital dollar

Florida Governor Ron DeSantis, a potential presidential candidate in 2024, has called for a state-wide ban on central bank digital currency (CBDC). He opined that the Biden administration’s CBDC push is about surveillance and control.

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