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Former OpenSea Head of Product Receives 3-Month Prison Sentence for NFT Insider Trading
23.8.2023
Nate Chastain, the ex-head of product at NFT platform OpenSea, has been sentenced to three months in prison for profiting tens of thousands of dollars through insider trading of assets showcased on the platform's homepage.
Chastain, formerly responsible for putting prominent NFTs on OpenSea,...
An Adderall Shortage and No Vegan Meals — Former FTX Boss Struggles With Jail Life
23.8.2023
After Sam Bankman-Fried, once the head of FTX, petitioned the court for a five-day-a-week release from incarceration, the overseeing judge swiftly denied the plea. On Tuesday, Bankman-Fried pleaded not guilty in response to the most recent charges. Meanwhile, his legal team emphasized that he...
Dollarization Can Lead to ‘Economic Contraction and Collapse’ of Argentine Economy — Former US Treasury Official
20.8.2023
The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full dollarization without an exit policy “could...
Trump’s Crypto Wallet Makes $2.8 Million in Income, FEC Filing Shows
17.8.2023
Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which collects proceeds from the sales of Trump-branded...
Former President Donald Trump's Crypto Wallet Being Monitored by Arkham Intelligence – Here's What You Need to Know
17.8.2023
Blockchain intelligence firm Arkham Intelligence has revealed that it is now actively tracking the wallet it believes belongs to former President Donald Trump to gather more information.
In a series of Twitter threads on Wednesday, Arkham claimed that Trump is the owner of a cryptocurrency wallet...
Prosecution's Strategy: Caroline Ellison's Personal Notes to Serve as Key Evidence Against Former FTX CEO Sam Bankman-Fried
17.8.2023
In an August 14 submission to the U.S. District Court in the Southern District of New York, prosecutors stated their plan to introduce Caroline Ellison's to-do lists and notes as evidence, including a note labeled "Things Sam is Freaking Out About."...
Read More: Prosecution's Strategy: Caroline...
Former FTX Executive Invokes Fifth Amendment Right, Remains Silent in Trial – Here's the Latest
16.8.2023
Ryan Salame, a former executive of now-defunct cryptocurrency exchange FTX, has declined to testify about his involvement in an alleged illegal campaign donation scheme.
According to a motion filed by U.S. federal prosecutors on Monday, Salame's attorney has said that, if subpoenaed, he intends...
Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day
16.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange-traded funds (ETFs). The changes could include...
Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’
15.8.2023
U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations against SBF, Ryan Salame, FTX Digital Markets’...
Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos
15.8.2023
Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted...
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
15.8.2023
Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors
Former US SEC Chair Jay Clayton Calls for Spot Bitcoin ETF Approval – Where Next for the BTC Price?
14.8.2023
Former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton just called for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in an appearance on CNBC TV.
Initially, he conceded that, back when he was chair of the SEC, he had been skeptical of the Bitcoin trading...
Former SEC Official: Bitcoin ETF Approval Will Not Happen Soon, Could Occur After 2024
14.8.2023
A spot Bitcoin-backed exchange-traded fund (ETF) will not be approved in the US until at least 2024 when the election is over, according to a former SEC official.
Writing on social media platform X this weekend, John Reed Stark, a former chief of the SEC’s Office of Internet Enforcement, said...
Former US President Donald Trump Holds Around $500,000 In Digital Assets
14.8.2023
A new financial filing reveals that former United States President Donald Trump holds between $250,000 to $500,000 in digital assets.
The filing submitted to the Office of Government Ethics (OGE) showed a list of assets from various sources belonging to the ex-President.
An item that caught...
Bitcoin Price Prediction: Former SEC Insider Voices Concerns on BTC ETF Amidst Regulatory Gridlock
14.8.2023
As the world of cryptocurrency continues its volatile dance, the BTC/USD pair is currently witnessing a marginal increase, showing gains of nearly 0.10% and trading at a noteworthy $29,442 as of Monday.
Amid this backdrop, recent revelations have stirred the crypto community. A former...
This scenario could spark Gary Gensler’s resignation: Former SEC official
14.8.2023
John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024
Former SEC Official Warns ‘Crypto Regulatory Onslaught Will Never End’
13.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are simply playing “a short game of regulatory...
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
12.8.2023
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow...
SEC announces $24M settlement for case against Bittrex and its former CEO
10.8.2023
The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
9.8.2023
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds