Bahamas Financial News

17.01 / 06:51

Digital NOT Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not

“Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.

16.01 / 18:39

Digital NOT Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not

15.01 / 13:23

CBDC Disaster Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster

The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 21:05

cryptocurrency FTX FTX founder makes first detailed response to fraud charges

am Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back.

11.01 / 19:41

cryptocurrency FTX FTX bankruptcy Failed crypto exchange FTX has recovered over $5 billion, attorney says

Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.

10.01 / 07:17

Digital Strategy Валюта Terra Luna 5 Crypto Trends for 2023

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

09.01 / 23:31

Binance SEC coinbase Jail NOT SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9

Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, has reportedly cooperated with prosecutors and provided them with his knowledge of SBF’s use of customer funds to finance his illegal business scheme.

09.01 / 20:09

Law Robinhood regulation Department Of Justice US DoJ US DOJ announces seizure of 55M Robinhood shares

The United States Department of Justice has officially notified the court handling the bankruptcy of BlockFi that it has seized assets as part of the criminal cases against crypto exchange FTX and its executives.

09.01 / 14:29

FTX US President Brett Brett Harrison Formerly FTX US President Surfaces on Twitter - What Does He Know?

Brett Harrison, former president of the now-bankrupt cryptocurrency exchange FTX US, has said he will share more details regarding the exchange when the time is good.

09.01 / 08:53

business FTX FTX spent $40M on food, flights, and hotels in just 9 months: Court filings

FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed.

07.01 / 00:39

business FTX Bankruptcy FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets

The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding the FTX Debtors’ Chapter 11 bankruptcy case in Delaware and the provisional liquidation of FTX DM in the Bahamas.

06.01 / 23:31

Law regulation crimes US authorities launch page to notify FTX’s alleged victims about SBF’s case

The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.

06.01 / 21:23

Robinhood regulation FTX Bankruptcy Lawyers Sam Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’

The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.

06.01 / 01:23

Law regulation crimes US authorities are turning their attention to FTX's Nishad Singh: Report

Authorities with the United States Securities and Exchange Commission and Commodity Futures Trading Commission as well as prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.

05.01 / 08:45

cryptocurrency Bloomberg Opinion FTX safe Will crypto ever be a safe investment?

In the annals of cryptocurrencies, 2022 will go down as the year when the industry nearly died. But then December saw the birth of a pair of exchange-traded funds in Hong Kong, offering new hope to both retail and professional investors.

04.01 / 06:05

Dogecoin Ethereum cryptocurrency Bitcoin price today Top Cryptocurrency Prices Today January 4: Bitcoin, Ether in red; Binance Coin top laggard

Major cryptocurrencies traded in the red early on January 4 as the global crypto market cap rose 0.54 percent to $809.35 billion, over the last day. The total crypto market volume over the last 24 hours is $26.64 billion, which makes a 12.75 percent increase.

03.01 / 23:21

regulation FTX US court Lawyers the bahamas The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester

The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm.

03.01 / 20:23

cryptocurrency FTX Fried FTX fraud Sam fraud case NOT Sam Bankman-Fried set to enter not guilty plea in FTX fraud case

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.

03.01 / 19:17

Binance Gaming Legal Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

03.01 / 11:41

business regulation FTX Financial Services Bahamas regulator denies asking crypto exchange FTX to mint new tokens

The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses concern that the investigation has been ‘impeded.’

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