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JPEX Scandal Sparks Creation of Hong Kong Police Crypto Crimes Group
5.10.2023
On October 4, the Securities and Futures Commission (SFC) of Hong Kong, in collaboration with the Hong Kong Police, announced the formation of a special group to monitor and investigate crimes related to crypto exchanges.
The initiative was prompted by the ongoing controversies surrounding...
College roommate talked to Sam Bankman-Fried about FTX's $8B hole on a paddle tennis court: Trial
5.10.2023
Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange's use of funds, claiming "Alameda had used customer deposits to pay its loans"
Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity
5.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police...
‘ETFs Are Inevitable But Not Imminent’, Crypto Expert Argues
5.10.2023
Talking to Cryptonews, crypto expert Peter Eberle discussed the potential for crypto exchange-traded funds (ETFs), the impact of the Grayscale-US SEC battle, the current state of crypto investments, and the relevance of regulatory clarity in the space.
Eberle is the President and Chief Investment...
Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study
5.10.2023
The Inter-American Development Bank (IDB) and the Cambridge Centre for Alternative Finance (CCAF) have jointly released a report that provides growing trends in the cryptocurrency industry in Latin America and the Caribbean.
Latin America and the Caribbean have shown “substantial growth” in...
Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests
5.10.2023
Hong Kong's troubled crypto exchange JPEX has announced plans to move forward with its DAO Stakeholder Dividend Plan.
This decision comes amid the ongoing investigation into the financial scandal worth over HK$1.5 billion ($191 million) and the arrest of multiple suspects associated with...
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial
4.10.2023
London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022
Opening arguments begin in Sam Bankman-Fried trial
4.10.2023
"His girlfriend will tell you how they stole money together," said Assistant U.S. Attorney Thane Rehn in an opening statement about the former FTX CEO
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?
4.10.2023
Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.
While Hong Kong is rising as a global leader in the regulated digital asset market...
Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto
4.10.2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise...
Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison
4.10.2023
Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release.
Scott Hughes, an attorney who played a key role in laundering approximately $18 million...
Kevin O’Leary Warns of Crypto Innovation Fleeing US Due to Regulatory Hurdles
4.10.2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler...
US Treasury sanctions crypto wallets as authorities crack down on fentanyl
3.10.2023
According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets "received millions of USD funds over hundreds of deposits" used for illicit drugs
FTX execs who pleaded guilty among names of potential witnesses in Sam Bankman-Fried’s criminal case
3.10.2023
According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang, and Nishad Singh among those who may offer testimony
Alex Mashinsky's jury trial scheduled for September 2024
3.10.2023
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings
As trial begins, Sam Bankman-Fried's lawyers push to exclude testimony from FTX users
3.10.2023
Sam Bankman-Fried's legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets
Bank of Portugal’s Chief Pushes For Global Crypto Regulation – Here’s What You Need to Know
3.10.2023
The governor of Banco de Portugal, Mário Centeno has called for international cooperation towards a global framework for crypto regulation.
According to him, national efforts alone cannot protect investors due to the nature of digital assets as it can lead to regulatory arbitrage creating...
Head of Portugal central bank deems crypto unsustainable, calls for global regulation
3.10.2023
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts