Business
A former employee at Alameda Research shared details about three instances where the firm lost hundreds of millions of dollars due to inadequate risk management structures.
The trade was the first live collateral settlement using JPMorgan’s Tokenized Collateral Network and Onyx blockchain.
Ethereum
The multinational bank also predicted that ether could reach between $26,000 to $35,000 by 2040.
Former Alameda CEO Caroline Ellison testified for a second day, becoming emotional over the impact FTX’s collapse has had on people, and revealing how FTX executives responded behind the scenes to the growing crisis.
The Polygon-based token is issued by Tangible DAO, which has data showing treasury concerns.
A bankruptcy judge asked the two companies to work out a settlement in a mediation window scheduled for January 2024.
The company that owns the crypto exchange offered shareholders who bought the stock in a 2016 swap arrangement $10 per share for 15 million shares.
In cross examining FTX cofounder Gary Wang, SBF’s lawyers finally scored some points. But both he and former Alameda CEO Caroline Ellison said they took direction from Bankman-Fried.
Bitcoin
Bitcoin as a safe haven is one of several narratives that could influence its price, an analyst says.
The Financial Conduct Authority (FCA) has blocked Rebuildingsociety.com from approving crypto promotions in the region.
