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Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding


Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...

MEXC Quells Fears Over Possible Issues After CEO Account Deactivation


Pixabay Digital asset exchange, MEXC has addressed user fears over a deleted social media account believed to be its CEO, stating that the firm has no official connection with the account. In a Dec 24 post on X (formerly Twitter), the exchange watered down community fears addressing all issues...

Former Bitmex CEO Arthur Hayes: ETF Success’ Might ‘Destroy Bitcoin’


Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate the custody of all the bitcoin in a few hands that...

Ripple CEO Brad Garlinhouse Fires At SEC Over Crypto Noncompliance Comments


Source: Adobe/Kristina Blokhin Ripple CEO Brad Garlinghouse has lashed out at the US Securities and Exchange Commission (SEC) chair Gary Gensler, accusing him of “stunning hypocrisy” in the crypto industry.  Garlinghouse’s criticism comes in response to Gensler’s recent...

Galaxy Digital CEO outlines his expectations for the Bitcoin ETF


Bitcoiners, or members of the Bitcoin community, have been looking to get a legitimate stand for their tokens for a long time. Expectations have circled to January 2024, a month when the SEC could potentially approve all the applications for Spot Bitcoin ETF. That will give a formal investment...

Galaxy Digital CEO Novogratz Anticipates Bitcoin ETF Approval by Jan 10


Source: DALL·E Galaxy Digital CEO Michael Novogratz predicts a significant milestone in the cryptocurrency market with the first approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a recent interview with CNBC, Novogratz elaborated on...

South Korean Supreme Court Jails $153m Crypto Fraudster for 10 Years


Source: alswart/Adobe South Korea’s Supreme Court has jailed a crypto fraudster who amassed $153 million for 10 years, upholding a sentence handed out in February. The man, surnamed Ko, was the CEO of a crypto firm that called itself QRC Bank. He was convicted of defrauding some 5,400 crypto...

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