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Breaking Down the Infamous Alameda Balance Sheet
20.9.2023
The infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were – and, by extension, how safe Bankman-Fried’s...
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
20.9.2023
The crypto held in overseas accounts for about 70% of all assets held outside the country
UK Just Passed an Online Safety Bill That Will Apply to the Metaverse
20.9.2023
The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks
Stanford University Will Return 'Gifts' Donated by FTX: Report
20.9.2023
Stanford University will be returning "gifts" it received from FTX, allegedly orchestrated by Sam Bankman-Fried's parents, according to a Bloomberg report
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
19.9.2023
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit
Crypto Wants a De Minimis Tax Exemption in the U.S.
19.9.2023
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this...
Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
19.9.2023
The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus
Appeal Court Punts on Bankman-Fried's Bid to Secure Release from Jail
19.9.2023
The one-time crypto exchange executive has made several arguments to get out of jail before his trial
Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
19.9.2023
Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25
CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent Contradiction
19.9.2023
Binance.US previously told a DC court it used custody software offered by Binance’s international arm that was later rebranded Ceffu
Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
19.9.2023
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
19.9.2023
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views
The SBF Trial: How Did We Get Here?
19.9.2023
Sam Bankman-Fried stands accused of committing wire fraud and conspiracy to commit several other types of frauds. His once-mighty crypto exchange, FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in value. And in two weeks, he’ll begin his effort to convince a jury of...
JPEX Drama Shows Need for Crypto Regime, Hong Kong Leader Says
19.9.2023
The territory’s leader urged investors to use licensed platforms and promised more education about crypto risks
UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding
19.9.2023
The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime
FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'
19.9.2023
Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate
‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
19.9.2023
A U.S. judge declined to order Binance.US to make its executives more available for depositions, or for the U.S. Securities and Exchange Commission (SEC) to back down in its demands for more documents during a hearing Monday
Binance’s U.S. Exchange Bucks SEC’s Document Requests Amid Investigation
18.9.2023
The crypto exchange is fighting to avoid handing over certain documents to the regulator, arguing the SEC’s requests are “overbroad.”
Binance Is Supposedly Separate From Crypto Custodian Ceffu. The SEC Has Questions
18.9.2023
As regulators prepare to square off with one of the world’s biggest crypto exchanges in court, Ceffu has denied any ties to Binance or U.S. operations. The reality is murkier
SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order Inspection
18.9.2023
The regulator asked a U.S. court to reject Binance's "half-hearted" objections to its motion seeking depositions, an inspection and communication from the exchange