Bahamas Financial News
26.11 / 01:19
business
Government
Blockchain
Investments
the bahamas
Trouble in the Bahamas following FTX collapse: Report
Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.
25.11 / 17:49
Bahamas bear the brunt of FTX’s brutal collapse
NASSAU, Bahamas — Last year, an FTX executive walked into a bank office here and put $4.5m of the company’s money behind an ambitious plan to buy an oceanside parcel of land and turn it into the crypto giant’s new headquarters.
24.11 / 18:37
business
Adoption
education
How to talk to family members about crypto this Thanksgiving season
This week in the United States, millions of people comprising various political and financial backgrounds are traveling to see family members for the first time in months to celebrate Thanksgiving.
24.11 / 09:33
business
Caribbean
Bankruptcy
Bitcoin
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12.
24.11 / 06:47
business
Blockchain
Twitter
The New York Times
Fried
events
Sam
Sam Bankman-Fried still speaking at events and the community is furious
Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30.
23.11 / 16:15
Legal
FTX
Lawyer
A 'Substantial Amount' of Money is Missing Says FTX Lawyer – Is it Missing or Has it Been Stolen?
A “substantial amount” of the failed crypto exchange FTX’s assets are either missing or have been stolen, said the exchange’s lawyer in court.
23.11 / 16:15
Huobi
FTX
Investment
TRON
Billionaire Tron Founder Justin Sun Looking to Purchase FTX Assets
Justin Sun, the Founder of Tron (TRX), is reportedly open to deals for the assets of the now-defunct crypto exchange FTX.
23.11 / 13:39
cryptocurrency
Binance
FTX
end
Binance is hiring. Targeting 8,000 by end of year, says CEO Changpeng Zhao
Binance, world's largest cryptocurrency exchange is hiring and CEO Changpeng Zhao has stated that the company is targeting to make itself an 8,000-strong team by the end of the year.
23.11 / 12:01
cryptocurrency
Binance
Gold
Bitcoin
Sridhar Vembu says he had 'never heard of FTX' until its recent crisis
Zoho CEO Sridhar has recently said that he had never heard of the world's second-largest cryptocurrency exchange FTX or its founder Sam Bankman-Fried until its recent liquidity crisis.
23.11 / 00:57
22.11 / 19:17
Art
Bitfinex
Indian
News Summary: Indian CBDC Pilot to Launch Within a Month, Three Arrested for Major Crypto-related Crimes, EQONEX Files for Debt Restructuring
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
22.11 / 18:05
UPS
Digital
CEO
FTX
Bitcoin
Withdrawals
FTX Latest – Crypto Prices Settle But FTX Only Has $1.24 Billion Cash, Bahamas and SBF Link, Genesis on Brink, FTX Japan Withdrawals
Court filings show that FTX debtor companies have a total cash balance of just $1.24 billion.
22.11 / 13:45
Blockchain
regulation
Court
FTX ordered to pay reimbursement fees to Bahamian regulators
The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters.
22.11 / 13:45
Blockchain
NFT
FTX
Industry expresses confidence in the NFT space amid the FTX collapse
Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%. With the FTX debacle, the once burgeoning space seems to have been hit with the final nail to its coffin. However, executives within the industry are optimistic about the space’s recovery.
22.11 / 11:31
UPS
FTX debuts biggest crypto bankruptcy in court – what to expect
FTX is expected to make its debut appearance on 22 November in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets.
22.11 / 11:07
Ethereum
regulation
Investments
Bitcoin
the bahamas
SBF, FTX execs reportedly spend millions on properties in the Bahamas
The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.
21.11 / 23:19
CBDC
regulation
Fried
Sam
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange, which is headquartered in the country. Several days later, The Securities Commission of the Bahamas ordered the transfer of FTX Digital Markets’ digital assets to a digital wallet owned by the commission to protect “the interests of clients and creditors.”
21.11 / 15:43
Ethereum
ETH
Dash
Platform
Holdings
Ethereum Price Prediction as FTX Hacker Begins Dumping $200 Million ETH Holdings
The Ethereum price has dropped by 7.5% in the past 24 hours, as proceeds from last week's FTX 'hack' have begun being dumped on the market. As of writing, the address associated with this breach continues to hold over 200,000 ETH (worth more than $223 million), suggesting that the price of the second-biggest cryptocurrency may continue to experience strong downward pressure in the coming weeks.
21.11 / 15:27
Blockchain
ETH
Twitter
Digital
Crypto sleuth debunks 3 FTX hack myths
On-the-job detective ZachXBT has taken to Twitter to clear up what he calls a «lot of disinformation» about the FTX hack and the individuals who may be responsible for it. He has shared the research he did on what he thinks are the three most common mistakes people make about the breach.
21.11 / 06:27
business
Ethereum
Twitter
Bitcoin
Crypto sleuth debunks 3 biggest misconceptions about the FTX hack
On-chain sleuth ZachXBT has shared his findings on what he sees as the three most common misconceptions about the FTX hack — taking to Twitter to correct a "ton of misinformation" about the event and the possible culprits.
20.11 / 20:43
Blockchain
Ethereum
defi
Bitcoin
FTX funds on the move as thief converts thousands of ETH into Bitcoin
According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from ETH into Bitcoin. On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins, should the thief attempt to convert them into fiat or further obfuscate the assets through other means.
breaking news about Bahamas
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