The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioning the financials of FTX’s sister company Alameda Research led to a liquidity crunch in early November. On Tuesday, rival exchange Binance was looking to buy the embattled FTX before the deal was scrapped – the exchange is now seeking protection from bankruptcy in the U.S.
Report: South Korea to Enable Free Crypto Buying and selling for Non-Income, Exchanges in June
Starting in June, South Korean nonprofit organizations and digital asset exchanges might be permitted to commerce digital belongings freely. Exchanges...
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