Digital Markets
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
A high-ranking executive at FTX’s Bahamian entity tipped off local regulators of potential fraud perpetrated at the cryptocurrency exchange just two days before the exchange was forced to close. According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets (FDM), told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm Alameda Research. Salame said the funds were to “cover financial losses of Alameda” and the transfer was “not allowed or consented to by their clients.” He also told the SCB only three people had the access required to transfer client assets to Alameda: Former FTX CEO Sam Bankman-Fried, FTX co-founder Zixiao “Gary” Wang and FTX engineer Nishad Singh. Ryan Salame ...
How Mobile Money is Supporting Merchants in Emerging Markets in Sub-Saharan Africa
Image sourced from WeeTracker. /* custom css */ .tdi_4_3a1.td-a-rec-img{ text-align: left; }.tdi_4_3a1.td-a-rec-img img{ margin: 0 auto 0 0; } While the world continues to deal with the challenges of the pandemic, it is emerging markets such as Sub-Saharan Africa that have faced the biggest challenges. According to the World Bank, Sub-Saharan Africa has been hit the hardest by the economic impact of COVID-19, with an estimated 23 million people in the region projected to be pushed into poverty by the pandemic. SMBs Need Support with Challenges Caused by COVD-19 /* custom css */ .tdi_3_0ed.td-a-rec-img{ text-align: left; }.tdi_3_0ed.td-a-rec-img img{ margin: 0 auto 0 0; } While there are some sectors in the region that have accelerated their adoption of digital technology throughout the pan...
