Hannah Lang

FTX CEO Sam Bankman-Fried approached cryptocurrency exchange OKX Monday morning about a deal before he announced Tuesday that Binance had signed a nonbinding agreement to acquire FTX in the face of an apparent liquidity crunch, an OKX spokesperson said.

A Democratic senator and chair of a key committee on Wednesday pressed U.S. Treasury Secretary Janet Yellen for help in securing legislation to better regulate cryptocurrency, the latest sign of pressure for tougher regulations following the collapse of crypto exchange FTX.

The sudden fall from grace and arrest of FTX’s former CEO Sam Bankman-Fried has stunned investors and crypto enthusiasts who once hailed the 30-year-old American as the savior of the industry.

The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers - a major step in reopening its borders, even as COVID cases spike.

The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged tokens may draw regulatory scrutiny, critical information for other digital asset firms offering a less volatile way to trade crypto.

Coinbase <a href=“https://www.reuters.com/markets/companies/COIN.O” target=“_blank”>(COIN.O)</a>, the largest U.S. cryptocurrency exchange, is stepping up its grassroots advocacy campaign in a bid to advance legislation that will provide regulatory clarity for the industry, the company said.

The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal judge to deny a motion from Coinbase Global <a href=“https://www.reuters.com/markets/companies/COIN.O” target=“_blank”>(COIN.O)</a> to dismiss the regulator’s lawsuit against the cryptocurrency exchange.

Former FTX chief operating officer Constance Wang agreed to serve as a witness for U.S. prosecutors in their case against the crypto exchange’s founder and former CEO Sam Bankman-Fried, according to <a href=”/world/us/bankman-fried-explored-paying-trump-not-run-president-book-excerpt-says-2023-10-02/”>Michael Lewis’ new book</a> on FTX’s collapse.

Dec 11, 2023 ... After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision on new bitcoin ...

Jan 11, 2024 ... Cryptocurrency asset manager Grayscale Investments plans to file for a covered call exchange-traded fund in an effort to allow investors to ...