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Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus. According to a report by Bahamas…
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The Bahamas’ central bank has indicated its intention to force all local banks to accept the country’s digital currency as its popularity slides. The Central Bank of The Bahamas plans to mandate all local banks to adopt the country’s central…
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The largest stablecoin issuer Tether deposited more than $1 billion with a firm currently at the center of a legal battle in London’s High Court. Tether‘s deposit worth more than $1 billion, which was made with a subsidiary of Britannia…
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Tether
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Tether is including the Bahamas-based bank as a dollar transfer processor on its platform. The partnership between both entities will allow Tether to expand its regional presence.
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Preliminary outcomes from countries where central bank digital currencies (CBDCs) have been introduced show mixed results. Despite widespread exploration and a handful of launched projects, CBDCs are yet to achieve global adoption. According to an Atlantic Council report, 130 countries…
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Former FTX boss Sam Bankman-Fried will not be facing a charge of illegal campaign financing due to an extradition treaty between the US and the Bahamas. A court filing was published on July 26 by US Attorney for the Southern…
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Crypto exchange FTX has filed a lawsuit against the liquidators of its Bahamian affiliate, FTX Bahamas Ltd, claiming that they have wrongfully taken control of millions of dollars worth of digital assets, including bitcoin (BTC) and ethereum (ETH). According to…
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Late Thursday, Dec.29, 2022, the Securities Commission of the Bahamas stated that it was holding more than $3.5 billion in FTX client assets since Nov.12.
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FTX founder Sam Bankman-Fried has signed extradition documents after earlier hesitation following his court appearance in the Bahamas.
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Former FTX CEO Sam Bankman-Fried might soon change his decision on fighting extradition to the U.S.
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Sam Bankman-Fried said he "had no notion" how his money fared following the crash.
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John Ray III, the new FTX CEO, is looking to assist FTX and its approximately 101 affiliated companies (FTX Debtors) work their way through the bankruptcy court.
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The collapse of the Bahamas-based crypto company has attracted a lot of crypto Twitter investigative journalists to the country to try and unwrap the debacle.
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In a shocking emergency court filing on Thursday, FTX stated that there is evidence suggesting that Bahamian regulators gave former CEO Sam Bankman-Fried instructions to access FTX systems.
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New chief executive at FTX lashes out at former boss, says he used FTX corporate funds to buy homes in the Bahamas.
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In an itching legal brief on Thursday, John Ray III, who oversaw bankruptcy cases such as Enron, the new CEO of the insolvent cryptocurrency exchange FTX identified that the company had experienced a massive disaster of corporate control. This is…
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