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The Sam Bankman-Fried Trial: Our Favorite Quotes, So Far
20.10.2023
It's fall break! Thursday ended early after just two witnesses – former FTX General Counsel Can Sun and Third Point's Robert Boroujerdi – testified briefly. We won't be back in the courthouse at 500 Pearl Street until next Thursday, Oct. 26, when we'll resume our normal analyses. Instead, today...
SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
20.10.2023
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said
SEC Scores Default Win Against Thor Token Company and Founder David Chin
20.10.2023
The U.S. Securities and Exchange Commission (SEC) has been awarded a default judgement against Thor Technologies and its founder David Chin
Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions
20.10.2023
The U.S. Department of Justice and Sam Bankman-Fried's defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
19.10.2023
Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted that further interest rate hikes may be appropriate...
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
19.10.2023
The regulator had included them as defendants in securities violation case, and the agency now says it's just pursuing Ripple for damages
Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized
19.10.2023
Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case...
U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'
19.10.2023
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
19.10.2023
Can Sun testified on day 12 of the Sam Bankman-Fried trial
Gemini, Genesis, DCG Sued by New York Attorney General for Allegedly Defrauding Investors
19.10.2023
The lawsuit alleges that Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Sam Bankman-Fried’s Alameda, but did not reveal this information to investors
Judge Kaplan's Ire Hits All Lawyers in the Sam Bankman-Fried Case
19.10.2023
We’ve entered the soul-sucking phase of Sam Bankman-Fried’s month-long criminal trial. The part where an antsy Judge Lewis Kaplan paces and glares – and then lashes out at prosecutors (and also defense lawyers) for wasting everyone’s time
Do Kwon’s SEC Case May Hinge on Role of Jump Trading, Court Documents Show
19.10.2023
Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world
Coinbase Picks Ireland as EU Hub
19.10.2023
Forthcoming European laws known as MiCA will allow the exchange to serve the entire EU bloc with a single license
German Regulator Warns Consumers About MEXC's Crypto Custody
19.10.2023
The Federal Financial Supervisory Authority warned consumers that the MEXC exchange has been offering financial services without authorisation to do so
FTX Used Billions in Customer Funds to Buy Back Binance Stake
19.10.2023
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens
Binance US Suspends Withdrawals in US Dollars
19.10.2023
Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency...
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
18.10.2023
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
18.10.2023
U.S. Sen. Elizabeth Warren (D-Mass.) led more than a hundred lawmakers in demanding top officials share their plans for heading off crypto-financed terrorism
Sam Bankman-Fried Witness Contrasts His Public Comments With FTX's Dangerous Secrets
18.10.2023
Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise
Digital Euro Project Moves to 'Preparation' Phase
18.10.2023
The move is not a decision to issue a central bank digital currency, the European Central Bank said Wednesday