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FDIC orders OKCoin to correct misleading insurance claims

The U. S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about misleading statements regarding its insurance status. In a  June 15 letter, the FDIC alleged that the exchange and its senior executives made false representations stating or suggesting that certain crypto-related products were FDIC-insured. дальше »

2023-6-16 11:30


FTSE-250 CMC Markets Invests in StrikeX Technologies, Cementing Strategic Partnership

StrikeX is thrilled to announce the successful completion of an investment and strategic partnership with CMC Markets, an award-winning* FTSE 250 financial services provider. CMC Markets has acquired a 33% stake in StrikeX Technologies, with two of its senior executives being welcomed to the StrikeX board, bringing with them a wealth of expertise and experience. дальше »

2023-6-9 14:04


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United States Senators Lash Out At Signature’s Executives For Blaming Bank’s Collapse On Crypto After “Reckless” Management

As investigations into Silvergate Banks ramp up, discoveries alongside the blame game from different sources come to light. At a Senate Banking Committee hearing on May 16, Scott Shay, a former executive of Silvergate Bank, gave his statement on the facts leading to the bank’s collapse. дальше »

2023-5-21 19:32


FTX sues SBF, others over ‘worthless’ fintech company acquisition

Bankrupt crypto exchange FTX sued Sam Bankman-Fried (SBF) and other former executives of the company for the $250 million acquisition of stock clearing platform Embed. According to a May 17 court filing, SBF and other executives — Nishad Singh and Gary Wonder — knew Alameda Research was insolvent and still went ahead with the deal. дальше »

2023-5-18 14:30


Coinbase suggests SEC action is motivated by Gary Gensler’s own views

Coinbase executives discussed their company’s ongoing conflict with the U.S. Securities and Exchange (SEC) in a new video on April 27. Coinbase doesn’t list securities; situation hasn’t changed Coinbase Chief Legal Officer Paul Grewal responded to the SEC’s recent Wells notice, stating: “[The SEC] has reached a preliminary determination that aspects of our company’s core […] The post Coinbase suggests SEC action is motivated by Gary Gensler’s own views appeared first on CryptoSlate. дальше »

2023-4-28 23:41