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Do Kwon Released From Montenegro Prison With Extradition Verdict Still Underway: Report
25.3.2024
Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the United States and South Korea, according to a Bloomberg report citing prison officials.
The post Do Kwon Released From Montenegro Prison With Extradition Verdict Still...
SEC Requests More Funding to Regulate Crypto Sector
21.3.2024
The U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s efforts to regulate the crypto sector. “We’ve seen the Wild West of the crypto markets, rife with noncompliance,” SEC Chair Gary Gensler...
Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’
20.3.2024
The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind....
SEC Requests $158 Million Increase to Tackle Crypto Market Challenges in 2025 Budget Proposal
19.3.2024
The U.S. Securities and Exchange Commission is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector.
The post SEC Requests $158 Million Increase to Tackle Crypto Market...
UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests
12.3.2024
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs...
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
4.3.2024
The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech...
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
28.2.2024
Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age.
The post SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age appeared first on Cryptonews
28.2% of Data Requests Originated from U.S. Agencies in 2023, Kraken Says
13.2.2024
Crypto exchange Kraken published a report today detailing the data requests it received from official bodies last year. In a blog post, the exchange revealed that it had received a total of 4923 data requests in 2023, with U.S. agencies accounting for 1393 of those requests. Stay in-the-know with...
Ripple Requests One Week Extension for Documents in SEC Suit
7.2.2024
Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering the period from 2022-2023. In addition, the SEC seeks “post-complaint...
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
7.2.2024
A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds...
FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale
4.2.2024
Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
2.2.2024
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with...
dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
30.1.2024
The Foundation wants to preserve an 18 month runway through at least mid-2026
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
29.1.2024
The crypto insurance protocol is anticipating growth stemming from a recent partnership
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
23.1.2024
Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP. Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on...
Do Kwon Should be Extradited to South Korea, not United States, Lawyer Argues
19.1.2024
Do Kwon’s lawyer has argued that Terraform Labs’ co-founder should be extradited to South Korea and not the United States. The statement comes as a response to extradition requests from both countries, with Kwon currently in detention in Montenegro. Goran Rodic, Kwon’s Montenegrin...
Terraform Labs Co-founder Do Kwon Appeals Extradition Decision Amid Claims of Political Pressure
15.1.2024
Do Kwon, co-founder of Terraform Labs, has once again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea. His legal team argues that the recent decision by the Montenegro High Court violates legal provisions, the European Convention...
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
15.1.2024
Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk
Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup
14.1.2024
Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter...
Crypto Leaders in Argentina Want Radical President to Dismiss FATF Travel Rules
11.12.2023
Source: AdobeStock As Javier Milei assumes leadership in Argentina, the cryptocurrency community is already voicing expectations for swift changes in the country’s economic trajectory. In a publication on December 10 by Cryptonoticias, the Bitcoin community outlined three specific requests...