SEC says it has right to 'challenge' FTX returning payments to customers in crypto
FTX promised to repay up to $16.3 billion to users, but the SEC is concerned about refunds made through stablecoins.
FTX promised to repay up to $16.3 billion to users, but the SEC is concerned about refunds made through stablecoins.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 2 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
September 2, 2024 - Cryptocurrency investment products have experienced major outflows in recent weeks.
In a strategic move, SBI Group's crypto exchange subsidiary, SBI VC Trade, has announced a partnership with the Japanese investment firm Metaplanet.
Singapore, September 2, 2024 - Cryptocurrency exchange OKX has secured a major regulatory milestone in Singapore.
This week's slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets.
Bitcoin could have plenty more in store for investors by the end of the year.
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabilities.