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Bankman-Fried’s Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law
1.11.2023
Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case. Bankman-Fried’s Attorneys Question Trust Ties In an addendum to earlier requests,...
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
31.10.2023
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and...
Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC
31.10.2023
Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor....
Indian Think Tank Urges WTO Members to Prioritize Crypto Discussions in E-Commerce Negotiations
30.10.2023
Indian think tank Global Trade Research Initiative (GTRI) is seeking to incorporate crypto discussions into the WTO e-commerce framework. India has asked the WHO member countries to include crypto-related issues while negotiating any agreement on the e-commerce sector. The crypto market...
VanEck Files Amended Application for Bitcoin ETF with SEC
30.10.2023
New York-based asset management firm VanEck has taken a significant step towards launching a spot Bitcoin exchange-traded fund (ETF) by submitting an amended application to the United States Securities and Exchange Commission (SEC). In a notable departure from the strategies followed by other...
Spot Bitcoin ETF Approval: Cantor Fitzgerald Grows Confident – Here’s Why
29.10.2023
Analysts at financial services firm Cantor Fitzgerald believe the long-awaited spot Bitcoin ( BTC) exchange-traded fund (ETF) is inching closer to reality. The company, known for its prime brokerage and investment banking services, has grown confident in the approval of applications from asset...
JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin
28.10.2023
JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....
Best Crypto to Buy Now October 27 – NEO, Conflux, Render
27.10.2023
The crypto market continues its uncertain direction on shaky ground with Bitcoin struggling to maintain $34,000. For investors seeking Bitcoin alternatives, NEO, Conflux, Render, Bitcoin Minetrix, and Meme Kombat present potential avenues as leading contenders for the best crypto to buy now....
Best Casinos Not on Gamstop in 2023
27.10.2023
Looking for the best casinos not on gamstop? You’re in the right place. UK players seeking alternatives to GamStop’s restrictions have a wealth of choices at these casinos not on Gamstop, each offering unique games and experiences. Discover a vast selection of slot sites not on Gamstop...
Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility
26.10.2023
On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided...
Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License
25.10.2023
Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report.
The trading platform, known as HKVAEX, was created...
US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...
Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences
26.9.2023
The Hong Kong securities regulator has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applicants is intended to help placate an investing...
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Circle responds to EBA, seeking revision in guidelines
6.9.2023
EBA, short for European Banking Authority, has issued certain guidelines. It basically extends the scope of Money Laundering and Terror Financing. These are also referred to as ML and TF respectively. While Circe has welcomed the guidelines, it has sought certain revisions to them for better...
Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist
2.9.2023
A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized that the “weaponization” of the USD is one of the top reasons why Russia, China, and other BRICS nations have been seeking an alternative...
SEC’s ‘Secret’ Filing in Binance Case Could Relate to Criminal Investigation, Says Former SEC Official
30.8.2023
The U.S. Securities and Exchange Commission’s former head of Internet enforcement suspects that the SEC’s “secret” filing in the Binance case is a “rare” tactic that could relate to the Department of Justice’s criminal investigation against the crypto exchange. He stressed...
FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial
29.8.2023
The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them...
Governments See CBDCs Making Their Countries ‘More Economically and Financially Efficient’ — Venom Foundation CEO
29.8.2023
According to Louis Tsu, the CEO of Venom Foundation, governments that are seeking to introduce central bank digital currencies (CBDCs) are not being driven by the fear that privately issued digital currencies may soon become the preferred method for cross-border and micropayments. Instead, some...
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...