Bahamas Financial News

13.02 / 18:27

Twitter SEC CEO Southern Bitcoin Fried Sam the bahamas FTX Founder Sam Bankman-Fried Arrested in the Bahamas

FTX founder Sam Bankman-Fried was arrested on Dec. 12 in the Bahamas, according to several news reports.The U.S. government's request for his arrest, based on a sealed indictment filed by the U.S. District Court of the Southern District of New York, came a day before Bankman-Fried was due to appear before the U.S. House Financial Services Committee to answer questions about the collapse of the major cryptocurrency exchange he formerly ran as CEO.

13.02 / 18:22

FIVE Digital CEO Action the bahamas The Bahamas Takes Full Control of FTX Digital Assets

The Securities Commission of the Bahamas has taken control of cryptocurrency assets held by bankrupt exchange FTX.

11.02 / 01:01

regulation FTX Caribbean Bankruptcy the bahamas FTX liquidators report exchange held $2.4M 'fleet of vehicles' in the Bahamas

The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — has released a report on the company’s physical assets in the island nation.

10.02 / 22:51

regulation SEC Congress Sec Chair lawmakers Fried Sam US lawmakers US lawmakers question SEC chair on timing of Sam Bankman-Fried's arrest

Two members of the United States House Financial Services Committee are calling on Securities and Exchange Commission chair Gary Gensler “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried” based on his scheduled appearance at a hearing.

09.02 / 19:59

Government Law the bahamas New Hampshire could become an alternative for crypto firms moving to the Bahamas

New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto businesses in the state, providing clarity and certainty to entrepreneurs and regulators while avoiding the onerous and largely pointless special rules federal regulators and members of Congress want to impose on the industry. The proposed rules would also protect consumers, depositors and investors.

09.02 / 15:42

UPS Ethereum Twitter SEC CEO coinbase Kraken Crypto Staking Customers Billionaire Coinbase CEO Sounds Alarm Over Rumoured SEC Ban on Crypto Staking for Retail Customers

Brian Armstrong - the brains behind Coinbase - hit back at rumours of an incoming US crypto staking ban.

09.02 / 10:01

business defi lending Bitcoin Price Crypto lender SALT makes comeback with $64.4 million funding

The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail.

06.02 / 12:59

Donations FTX FTX US Political Donations FTX New Management Sets February Deadline for Repayment of Political Donations Made by Executives

The new FTX management has requested political figures and any other recipients of donations made by Sam Bankman-Fried and other FTX executives to return the funds by the end of the month.

03.02 / 22:17

Government regulation FTX Congress hearing US Congress to hold ‘crypto crash’ hearing on Feb. 14

United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash.

30.01 / 18:11

Law regulation FTX UK regulator investigates charity linked to FTX

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.

28.01 / 09:07

regulation Fraud FTX Encryption US prosecutors seek to ban SBF from Signal after alleged witness contact

Federal prosecutors have requested that former FTX CEO Sam Bankman-Fried's (SBF) bail conditions are modified to prevent further alleged attempts at influencing witnesses’ testimonies.

26.01 / 14:33

business regulation Investments FTX investigation SBF allegedly used FTX money to invest $400M in obscure VC firm

Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s (SBF) cryptocurrency empire.

26.01 / 09:27

business regulation FTX Court Bankruptcy Celsius Lawyers FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange.

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

21.01 / 13:21

Robinhood FTX Silvergate DOJ Fried Sam Federal Prosecutors Seize Sam Bankman-Fried Assets Worth $700m, Including Silvergate Bank Accounts

Federal authorities have confiscated approximately $700 million worth of assets belonging to the disgraced FTX founder Sam Bankman-Fried, including three accounts at Silvergate Bank that held U.S. dollars.

20.01 / 17:17

FTX Bank Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.

20.01 / 01:45

business Blockchain Banks FTX exit FTX-linked Moonstone bank to exit the crypto space

Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returning to its “original mission” as a community bank.

19.01 / 12:45

Coindesk Digital Currency Group genesis Top crypto Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?

Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.

18.01 / 15:27

Waves CEO Software FTX Bosses Voiced Their Concerns About Client Fund Use, Court Papers Show

According to court papers,

18.01 / 04:41

cryptocurrency FTX Crypto Exchange FTX says $415 million in crypto was hacked

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen as a result of hacks.

18.01 / 01:33

business FTX Bankruptcy FTX: it took 'Herculean investigative effort' to identify $5.5B in liquid assets

The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm.

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