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U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

20.9.2023
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress

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...