Latest FTX Creditor List Could Spell the End of Crypto Shadow Banks

2023-1-27 20:30

FTX creditor list reveals shadow banks like Genesis whose influence on crypto prices is likely to grow weaker. The post Latest FTX Creditor List Could Spell the End of Crypto Shadow Banks appeared first on BeInCrypto.

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JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]

2021-4-8 04:30


Major US Banks Caution Federal Advisory Council Against Libra Becoming A ‘Shadow Banking’ System

Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […]

2019-10-1 22:09


Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council

At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.

2019-10-2 18:45


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FTX Client Testimony Indicates Imminent $16 Billion Distribution Progress

As the year draws to a close, significant developments are emerging from the fallout of the defunct cryptocurrency exchange FTX, once led by convicted founder Sam Bankman-Fried. After months of anticipation, there are signs that payouts to FTX customers affected by the exchange’s collapse two years ago are finally on the horizon. $16 Billion In […]

Former FTX Executive’s Platform Secures $60 Million In Claims, Here Are The Details

Former FTX customers, left uncertain of the fate of their funds after the collapse of the now-bankrupt crypto exchange, have turned their misfortune into a potentially profitable venture.  Led by individuals such as Louis d’Origny and Ramnik Arora, FTX’s former head of product, this group has seized the opportunity to invest in FTX bankruptcy claims. […]