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FTX chapter submitting particulars, Binance’s crypto business fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
Coming each Saturday, Hodlers Digest will allow you to monitor each single essential information story that occurred this week. The most effective (and worst) quotes, adoption and regulation highlights, main cash, predictions and far more per week on Cointelegraph in a single hyperlink.
Documentation associated to FTXs chapter proceedings revealed the agency was mismanaged on a number of ranges. FTX Group was reportedly composed of a number of firms categorized into 4 silos. A $1 billion private mortgage was reportedly allotted to former FTX CEO Sam Bankman-Fried from a type of silos. The documentation additionally revealed many different holes and oddities referring to the perform of FTX. A number of regulators are reportedly wanting into FTX, together with the Securities Fee of the Bahamas. The Monetary Trade Regulatory Authority, a self-regulatory U.S. group, has additionally opened a broader investigation into crypto-involved firms basically, evaluating their communications with the retail public.
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