The news comes as the crypto industry is still recovering from the liquidity crisis caused by the implosion of FTX back in November
The most recent news coincided with an open letter written by Cameron and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, accusing DCG and Genesis of employing"bad-faith stall tactics" to avoid repaying their debts. The two reportedly owe Gemini users around $900 million.
Barry Silbert, CEO of DCG responded by denying these allegations while reasserting they are in no danger of facing cash flow problems or liquidity issues.Alex Dovbnya Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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Regulators warn U.S. banks on crypto risks including 'fraud and scams’ after FTX collapseBank executives have said they need further guidance from regulators before dealing more directly with bitcoin and other types of cryptocurrency.
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TradFi Fights for Tougher Crypto Rulebook in Wake of FTX CollapseThe FTX_Official collapse has given more ammunition to TradFi players who want tougher global crypto rules, a response to a recent Financial Stability Board consultation shows. jackschickler reports
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Cowen downgrades Coinbase as crypto companies face elevated scrutiny after FTX implosionIt's time to take a pause on shares of Coinbase as the company faces potential scrutiny in the wake of FTX's blowup, Cowen said.
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Crypto Industry 'in Crosshairs' of US Politicians After FTX's Collapse, Expert Warns | CoinMarketCapcryptonews: 'The crypto industry is in the crosshairs of Congress after the FTX fallout.' - Blockchain Association Director of Government Affairs Ron Hammond.
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UK looks for a crypto crime fighter with a $50K salaryThe United Kingdom is looking for its very own Detective Conan, with its top crime agency offering a salary of $50,000 to someone experienced in recovering seed phrases.
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