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Goldman Sachs Plans To Splash Millions Of Dollars Into Crypto Firms After FTX Implosion

Goldman Sachs plans to splash “tens of millions of dollars” on investments or buyouts in crypto firms after the FTX collapse hit last month and suppressed investor interest. The FTX collapse and subsequent contagion across major lending firms had elicited calls for more regulatory oversight on players, assuring big banks of the sector’s stability. In […] дальше »

2022-12-15 23:12


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Amid Senate’s Inquisition, FTX’s Sam Bankman-Fried Wants To Float A New Business To Pay Back Customers

Running low on options, FTX’s founder wants to make one last-ditch attempt to repay customers, but experts term it a long shot. Sam Bankman-Fried revealed in an interview with the BBC over the weekend that he is willing to go the extra mile to repay customers after the implosion of his exchange. Bankman-Fried stated that […] дальше »

2022-12-13 19:12


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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator

US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […] дальше »

2022-11-18 23:56