FTX Assets Frozen by Bahamian Regulator | Morning English News 11th November -1 | 3.0 TV

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Cryptocurrencies Recover Due To Encouraging Inflation Data

Headline 2

FTX Assets Frozen by Bahamian Regulator

Headline 3

California Financial Regulator Announces FTX Investigation

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FTX US Warns of Trading Halt Hours After Bankman-Fried Says It’s ‘100% Liquid’

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Twitter Registers as Payments Biz as Post-Musk Dogecoin Gains Are Erased

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Binance Releases Wallet Addresses of $69 Bln Crypto Reserve

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Grayscale Bitcoin Trust Records a 41% Discount Amid FTX Meltdown

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Coinbase Sheds Roughly 60 Jobs As Cost-Cutting Continues Amid Bear Market

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Tron's DAO to Purchase $1 Bln USDT to 'Safeguard' Against Market Slump

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Troubled Crypto Lender Hodlnaut Had $18 Mln on FTX Before Withdrawal Freeze

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Cryptocurrencies markets were trading higher and Markets took a pause from its two-day sell-off supported by U.S CPI numbers released on Thursday.

Cryptocurrencies jumped right around the time CPI data was released, showing a smaller-than-expected rise. That gave investors hope that price pressures may be cooling and optimism in a time of extreme fear.

Bitcoin was trading at $ 17,500 up 1.5 percent while Ethereum the second largest crypto currency was up 11 percent at $1320

IC 15 index of cryptocurrency was at 26,550 points up 4.5 percent.

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Cryptocurrencies Recover Due To Encouraging Inflation Data

Keywords: Bitcoin, Ether, IC15 Index

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Story 2

Bahamian regulators have frozen the assets of FTX Digital Markets and related parties, calling it a “prudent course of action” to “preserve assets and stabilize the company,” according to a press release on Thursday.

The Securities Commission of the Bahamas also suspended FTX’s registration and appointed an attorney – Brian Sims, a senior partner at Lennox Paton – as a provisional liquidator of the assets. FTX is based in the Bahamas and is a separate entity from FTX US.

“The commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research. Based on the commission’s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful,” the commission said in its release.

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FTX Assets Frozen by Bahamian Regulator

Keywords: FTX, FTX Digital Marets, Bahamas, Bahamas Securities Commission, Brian Sims. Lennox Paton. FTX US, Alameda Research

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Story 3

California's Department of Financial Protection and Innovation announced it was investigating FTX late Thursday.

The regulator did not provide much detail in a press release, only saying it was "investigating the apparent failure of crypto asset platform FTX." A spokesperson declined to comment further.

Federal entities like the U.S. Department of Justice and Securities and Exchange Commission are also investigating FTX after its collapse, reaching out to companies like Binance for information about the exchange.

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