Investment

The bankruptcy claims market has been growing bullish on the debts of the collapsed cryptocurrency exchange FTX as major credit investors have been rushing to buy FTX debts.Investors like Silver Point Capital, Diameter Capital Partners and Attestor Capital have purchased more than $250 million worth of FTX debts so far in 2023, Bloomberg…

By Joel Guinto & Martin Yip BBC News in Singapore and Hong Kong2 hours agoImage source, Getty ImagesImage caption, Hong Kong is trying to become a global hub for next-generation technologies but a major crypto scandal has hit the cityHong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after…

By Anushree Dave Hi everyone, welcome back to another Distributed Ledger newsletter. This is Anushree Dave, a reporter at MarketWatch. Earlier this week, the New York State Department of Financial Services published guidance asking crypto firms to draft coin-listing policies so that there's more transparency about how they list…

A crypto investor has lost $4.46 million worth of assets to a USDT Approval mining scam. According to a report from the blockchain security platform Scam Sniffer, this crypto scam occurred a minute after the investor withdrew 4.46 million USDT from the Kraken exchange.  Using data from Etherscan, Scam Sniffer also detected that the scammers…

Cryptocurrency investment products focusing on three major altcoins, Solana ($SOL), $XRP, and Cardano ($ADA) bucked a bearish trend last week amid outflows of over $54 million for digital asset investment products, with $BTC investment products seeing $45.3 million of outflows. According to CoinShares’…

A regulatory agency is alleging an Edmonton man who runs a Bahamas-based cryptocurrency company breached Alberta securities laws. On Wednesday, the Alberta Securities Commission announced it is commencing a hearing on allegations Devon Christopher Edwards and KB Crypto Inc. engaged in illegal distribution and unregistered dealings in…

Rashawn Russell, a former investment banker at Deutsche Bank and a registered broker, pleaded guilty to multiple counts of fraud on Wednesday, in relation to a fraudulent cryptocurrency trading scheme and a separate identity theft racket. The guilty plea could see Russell face up to 30 years in prison and he has been ordered to pay more…

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A former Deutsche Bank (DBKGn.DE) investment banker, who was charged in April with misappropriating funds from investors he wooed with promises of big returns from…

Source: Unsplash / Maxim HopmanCapital continued to flow out of crypto-backed investment funds last week, with total outflows for the past nine weeks now nearing $500 million.According to crypto research and investment firm CoinShares’ latest crypto fund flows…

Nomura’s crypto arm Laser Digital has launched a bitcoin fund allowing institutional investors to buy into crypto.Laser Digital will use Komainu, which was established in 2018 as a joint venture between Nomura, Ledger, and CoinShares, for the custody of the fund’s assets, the company said in a 19 September announcement. Sebastian…