It is expected that Benjamin Ampen, the regional managing director, will depart after the transition is complete. Nevertheless, a number of Kraken workers will stay in the Middle East and North Africa.
The Securities and Exchange Commission (SEC) has reached an agreement on a security claim in the LBRY case, which many members of the cryptocurrency community have deemed to be a major victory.
The SEC desired to confirm a vague order of prohibition following the success they had achieved at a hearing in November of 2019, yet the judges made it plain that their decision only applied to direct deals.
According to a report from the Wall Street Journal, the financial difficulties of Alameda-FTX had been present for some time before the company declared bankruptcy.
The report states that Alameda Research was doomed before Bankman-Fried released FTX.
Binance is reportedly planning to re-enter the South Korean market by taking over a local cryptocurrency exchange.
Binance is aiming to break into the Korean market by taking over one of the leading crypto trading platforms in the country.
Sam Bankman-Fried's colleagues have agreed to work with the authorities.
The committee would be responsible for representing the interests of the one million creditors who lost money when FTX collapsed.
The crypto brokerage firm stated that the 18% ratio was well within its "counterparty exposure limits."
Bitcoin's price has been on a rollercoaster ride over the past few months, and it's currently unclear where the bottom is. However, there is one on-chain condition that has yet to be met
A key metric for Bitcoin hasn't yet reached the same level as it did during the last market low, suggesting that prices have not yet bottomed out.
Larry David, Naomi Osaka, Tom Brady, and Stephen Curry promoted FTX.
Polkadot (DOT) is still losing value, but not as much as some of the other major cryptocurrencies. It is currently valued at $6.03 billion, making it the 11th largest cryptocurrency.
Dogecoin has surged in value as it breaks through a major resistance level. This could pave the way for the coin to reach $0.15 in the near future.
Recently, the price of Dogecoin (DOGE) has surged by over 150%, creating a lot of excitement.
Shipping costs have been soaring lately, leading to increased bills for ships that are not even sailing.
The former CEO of Alameda is said to have told staff that the trading firm might have misused FTX client funds. Did she have the power to refuse?
While the stock market overall has lost some value this year, Paramount Global's stock has lost much more value than most other stocks.
The Bahamas securities regulator and financial investigators are reportedly investigating the collapsed crypto exchange.