Cryptocurrencies News

(Reuters) – FTX founder Samuel Bankman-Fried is reviewing charges with his legal team and considering his options, his counsel said in a statement after U.S. authorities charged him on Tuesday.

By Hannah Lang (Reuters) – The sudden fall from grace and arrest of FTX’s former CEO Sam Bankman-Fried has stunned investors and crypto enthusiasts who once hailed the 30-year-old American as the savior of the industry.

(Reuters) – Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, was charged by the U.S. Securities and Exchange Commission (SEC) on Tuesday with defrauding investors in what regulators called “a house of cards.”

BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said on Tuesday, adding that the project had received international attention.

NICOSIA (Reuters) – Cyprus’s securities regulator plans to extend the suspension of the licence of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday.

WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity asset fraud, a source familiar with the matter told Reuters.

LONDON (Reuters) – Governor Andrew Bailey spoke to reporters after the Bank of England said investment funds and other non-bank financial institutions would face their first ‘stress test’ after the near-meltdown in the pension fund sector earlier this year.

By Medha Singh and Lisa Pauline Mattackal

(Reuters) – The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that The Bahamas has received formal notification from the United States of criminal charges against him.

By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried could surrender to United States custody after his indictment and arrest in the Bahamas or fight removal under the terms of the island nation’s extradition treaty with the United States, potentially joining a number of high-profile extradition

(Reuters) – Sam Bankman-Fried, the founder of bankrupt FTX cryptocurrency exchange, was arrested on Monday in The Bahamas after being criminally charged by U.S. prosecutors.

(Reuters) – FTX founder Sam Bankman-Fried said he was pressured into nominating John Ray as chief executive of the crypto exchange in early November by Sullivan and Cromwell lawyers who were advising his firm at the time, according to a draft of his testimony to Congress

(Reuters) – FTX CEO John Ray will tell lawmakers on Tuesday that the bankrupt cryptocurrency exchange had “unacceptable management practices” including the commingling of assets and lack of internal controls, according to prepared remarks published by the U.S. House Financial Services Committee.

(Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, said on Monday he would testify remotely at Tuesday’s U.S. House Finanical Services Committee hearing to examine the collapse of the company.

(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note.

By Angus Berwick, Dan Levine and Tom Wilson

(Reuters) – Most big banks and investment managers expect the cryptocurrency market to pick up in 2023 after a brutal year that saw bitcoin sink around 75% from its all-time high in November last year.

(Reuters) -FTX’s Sam Bankman-Fried is willing to testify during a panel hearing on Dec. 13, the cryptocurrency exchange’s founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse.

(Reuters) – The U.S. Supreme Court on Friday agreed to hear Coinbase Global Inc’s bid to halt two lawsuits the company contends belong in private arbitration by customers who accused the cryptocurrency exchange of failing to protect their funds from theft and deceptively marketing a Dogecoin

(Reuters) – Cryptocurrency exchange FTX secretly funded media company the Block for over a year with money sent to the Block’s chief executive, Axios reported on Friday, citing sources.