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11 months, 3 weeks agoElon Musk and Bill Ackman Collaborate on Integrating Dogecoin into X Platform
Elon Musk, the CEO of Twitter (now known as X), is rumored to be collaborating with Bill Ackman, the CEO of Pershing Square Capital Management, to integrate cryptocurrencies like Bitcoin and Dogecoin into the…
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11 months, 3 weeks agoSEC Will Not Appeal Court Decision Favoring Grayscale Investments' Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court ruling in favor of Grayscale Investments. The ruling requires the SEC to review Grayscale’s a…
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11 months, 3 weeks agoCoinbase Urges Court to Compel SEC's Response on Crypto Rulemaking Petition
Coinbase, a leading cryptocurrency exchange, is intensifying its efforts to compel the United States Securities and Exchange Commission (SEC) to take action on its crypto rulemaking petition. The company is seeking…
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11 months, 3 weeks agoWells Fargo Settles Lawsuit Over Frozen Account, Agrees to Pay $204,000
Wells Fargo is facing a lawsuit after a customer claimed that the bank froze $204,000 in his account without explanation. Although the bank denies any wrongdoing, it has agreed to hand over a $204,000 check to the…
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11 months, 3 weeks agoFormer Investment Firm CEO Admits to Fraudulent Cherry-Picking Scheme, Causing Losses for Investors
Former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has admitted to participating in a fraudulent scheme known as “cherry-picking.” This practice involved allocating profitable and…
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11 months, 3 weeks agoBlockFi CEO Testifies on Lending Relationship with Alameda Research in FTX Trial
BlockFi CEO Zac Prince testified in the criminal trial of former FTX CEO Sam Bankman-Fried, providing details about BlockFi’s lending relationship with Alameda Research. Prince revealed that Alameda began to d…
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11 months, 3 weeks agoSEC's Decision Not to Appeal Grayscale Ruling Brings Spot Bitcoin ETFs Closer to Reality
The U.S. Securities and Exchange Commission (SEC) has decided not to appeal a court ruling that found it unjust to reject Grayscale Investments’ application to create a spot bitcoin exchange-traded fund (ETF). T…
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11 months, 3 weeks agoUS Officials Monitor Chinese-Linked Cryptocurrency Mining Operations Near Military Bases
Officials in the United States government are reportedly monitoring cryptocurrency mining operations with ties to China. Many Bitcoin data centers in the US are said to be directly linked to the Chinese government,…
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11 months, 3 weeks agoFormer CEO of Voyager Digital Faces Fraud Charges and $1.65 Billion Fine in Settlement with FTC
The United States Commodity Futures Trading Commission (CFTC) has filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, accusing him of fraud and failure to register the bankrupt crypto lender…
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11 months, 3 weeks agoSolana Offers $400,000 Reward for Halting Network as Bug Bounty Program Launches
Jacob Creech, Solana’s Head of Developer, has announced a bug bounty program that rewards white hat hackers and coders who can successfully halt the Solana network with $400,000 in SOL, the platform’s native cur…
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11 months, 3 weeks agoAlameda and FTX Associate Granted Partial Immunity in Plea Deal
Caroline Ellison, an associate of Alameda and FTX, has reached a plea deal with prosecutors in the Southern District of New York. Under the agreement, Ellison will not be prosecuted further if she fulfills her…
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11 months, 3 weeks agoAnthony Scaramucci Reveals Trust in Sam Bankman-Fried Before Fraud Trial
Anthony Scaramucci, founder of SkyBridge Capital, recently spoke about his early impressions of Sam Bankman-Fried, the founder of FTX who is currently on trial for fraud. Scaramucci initially admired…
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11 months, 3 weeks agoBarnBridge Token Holders Vote to Comply with SEC's Demands
BarnBridge, a cryptocurrency project, is facing legal action from the US Securities and Exchange Commission (SEC). In response, the project has turned to its token holders for support. A voting process was…
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11 months, 3 weeks agoMastercard and Reserve Bank of Australia Successfully Test Interoperability of Central Bank Digital Asset
Payments processing giant Mastercard and the Reserve Bank of Australia (RBA) have successfully tested the interoperability of a central bank digital asset (CBDC) and the ability to restrict its use to authorized…
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11 months, 3 weeks agoGrayscale's Legal Victory Paves the Way for Bitcoin ETF Approval in the US
Grayscale’s recent legal victory against the US Securities and Exchange Commission (SEC) in its bid for a spot Bitcoin ETF is a significant milestone for the cryptocurrency industry. The court criticized the SEC f…
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11 months, 3 weeks agoFormer CEO of Investment Firm Pleads Guilty to Cherry-Picking Scheme Involving Crypto Futures
Former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has pleaded guilty to running a fraudulent cherry-picking scheme. Kambolin admitted to fraudulently allocating profits and losses…
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11 months, 3 weeks agoElliptic Report Reveals Complex Money Laundering Techniques in FTX Theft
In a shocking revelation, blockchain intelligence firm Elliptic has provided an in-depth analysis of the infamous FTX theft, shedding light on the complex web of events surrounding the hack, subsequent money…
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11 months, 3 weeks agoHighlights from Sam Bankman-Fried's Second Week in Court: Secret Recording Revealed, Ex-Alameda Research CEO Testifies
In the second week of the trial involving Sam Bankman-Fried, CoinDesk has analyzed trial documents, transcripts, and reports to provide highlights of Caroline Ellison’s testimony and updates on FTX’s $400 mil…
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11 months, 3 weeks agoBeluga Protocol Falls Victim to $175K Crypto Hack on Arbitrum Network
Beluga, a Multichain AMM protocol, has fallen victim to a hacking attack, resulting in the theft of approximately $175K in cryptocurrency. The attack targeted the Beluga protocol deployed on the Arbitrum network.…
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11 months, 3 weeks agoFormer FTX CEO's Lawyers Seek to Bring Up Terms of Service in Criminal Trial
Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to introduce information from the crypto exchange’s terms of service during witness testimonies in the ongoing criminal trial. The defen…