Bahamas Financial News
15.11 / 12:09
cryptocurrency
FTX collapse
Crypto Exchange
reserves
Why publishing proof-of-reserves paints only half the picture of a crypto exchange’s health
In the aftermath of the collapse of FTX, renewed calls have been heard for a more stringent disclosure mechanism to be adopted by cryptocurrency exchanges.
15.11 / 03:51
Technology
Adoption
Let's move on from FTX’s collapse and get back to the basics
Pundits are calling the collapse of the FTX exchange the end of cryptocurrency and venture capitalism related to it. But it’s not. Some of them anointed Sam “SBF” Bankman-Fried “The King of Crypto” — and then summarily killed the king. But, in reality, crypto never had a king. The end of FTX may mark the end of Americans using unregulated exchanges, and it certainly is the end of exchange-native tokens, but crypto itself hasn’t changed one bit.
15.11 / 00:33
business
regulation
investigation
Financial
Turkey’s financial authority investigates FTX’s collapse
Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.
14.11 / 21:19
Law
regulation
investigation
Manhattan District Attorney's Office probes FTX collapse: Report
Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX.
14.11 / 16:19
Digital
CEO
Action
FTX
Bahamas Police Launch Investigation into FTX Conduct, Looking For ‘Criminal Misconduct’
Police in the Bahamas has launched an investigation into the crypto exchange FTX, and is actively looking for evidence of whether “criminal misconduct” has occurred.
14.11 / 13:39
cryptocurrency
RBI
Global crypto meltdown: India dodges bullet thanks to cautious government, RBI
Cryptocurrency markets worldwide have been battered with billions of dollars being wiped out but India managed to stay relatively unscathed thanks to a cautious approach of the government and the RBI.
14.11 / 13:13
business
RBI
Centre
Crypto Meltdown: Cautious Approach By Centre, RBI Helps India Steer Away
Industry estimates put exposure of Indian investors to crypto assets at only 3 per cent.
13.11 / 21:55
regulation
crimes
FTX
the bahamas
FTX under investigation in the Bahamas for criminal misconduct - Report
An investigation of possible criminal misconduct over the insolvency of cryptocurrency exchange FTX is underway by financial investigators and the Bahamas securities regulators, according to a statement by the Royal Bahamas Police Force sent to Reuters on Nov 13.
13.11 / 12:27
business
Adoption
Binance
Vitalik Buterin calls out FTX for virtue signaling: 'deserves what its getting'
The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did was a bigger fraud when compared to the infamous Mt. Gox and Terra (LUNA) collapses.
13.11 / 07:11
Twitter
regulation
FTX
Nov
Withdrawals
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients.
13.11 / 02:29
regulation
FTX
Police
Fried
Sam
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities.
12.11 / 21:25
business
FTX
South America
Bankruptcy
Fried
Sam
Sam Bankman-Fried denies rumors that he fled to Argentina
FTX founder Sam Bankman-Fried has denied speculation that he’s fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to unfold in near-real time on Twitter.
12.11 / 14:35
cryptocurrency
FTX
FTX collapse
At least $1 billion of client funds missing at failed crypto firm FTX: Report
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
12.11 / 10:57
FTX
Crypto Exchange
reports
Time
elon
"Meltdown Being Tracked Real-Time": Elon Musk On Reports About Crypto Exchange Hacking
More than $600 million disappeared from users' wallets.
12.11 / 07:15
business
cryptocurrency
At least $1 billion of client funds missing at failed crypto firm FTX : Report
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
12.11 / 00:57
business
FTX
Bankruptcy
'Need to update my LinkedIn' — FTX Ventures head resigns: Report
Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position.
11.11 / 20:15
Law
regulation
SEC
CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report
The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm.
11.11 / 18:47
business
FTX
Bankruptcy
FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns
Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.
11.11 / 18:29
Provident
CEO
Action
FTX
Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers
FTX's desperate scramble for investors to repair its balance sheet has ended in bankruptcy.
11.11 / 17:21
business
NFT
FTX
Customers
FTX customers attempt roundabout ways to withdraw their funds in Bahamas
As the FTX crisis continues its outpour, users of the platform try various ways to bypass the official process of withdrawing their funds from the collapsing exchange.
latest developments in Bahamas
What is the current situation in Bahamas?
In Bahamas, the spotlight is on local government initiatives that impact the interests of residents.
Where can I find reliable news about Bahamas?
We publish in-depth coverage about the situation in Bahamas, based on information from official representatives.
What shapes the media agenda in Bahamas?
The news landscape of Bahamas is shaped by the region’s internal dynamics, reflecting its specific characteristics.
