Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District of New York. Bankman-Fried denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth. He refuted claims of directing political donations but acknowledged the importance of lobbying for the […]
Stuart Alderoty, the Chief Legal Officer of Ripple Labs, and the XRP community have shown their support for SEC Commissioner Hester Peirce’s stance on the LBRY lawsuit. Alderoty expressed gratitude towards Commissioner Peirce and suggested that in cases of perceived injustice, it may be necessary to disregard standard protocols and raise concerns more vocally and […]
The rapid increase in interest rates poses a risk of financial accidents, as seen with the crisis of American regional banks and the collapse of Swiss bank Credit Suisse. Despite the quick rise in interest rates, there haven’t been as many accidents as expected. Experts are surprised by this and believe that decision-makers, like Jerome […]
During the trial of Sam Bankman-Fried, co-founder of FTX crypto exchange, shocking revelations have emerged about his understanding of cryptocurrency. Bankman-Fried admitted to knowing very little about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. He confessed that he had no idea how cryptocurrencies worked and only knew that they could be […]
Sam Bankman-Fried (SBF), the former billionaire and founder of FTX and Alameda Research, testified in court about the $8 billion shortfall that led to the collapse of the companies. SBF stated that he was blindsided by the shortfall and described the efforts made to address the situation and cooperate with regulatory authorities. The trial also […]
Kraken, a popular cryptocurrency exchange, has announced that it will suspend transactions involving several digital assets in Canada. The affected assets include USDT, DAI, WBTC, WETH, and WAXL. The decision comes in response to recent regulatory changes in Canada and after consultations with regulatory authorities. Kraken emphasized its commitment to meeting compliance standards and providing […]
Gemini, a cryptocurrency exchange, has filed a lawsuit against Genesis Global Holdco, a bankrupt crypto lender, over the fate of shares of Grayscale Bitcoin Trust (GBTC). These shares were used as collateral for loans made by Gemini users to Genesis. The collateral is currently worth close to $1.6 billion. Gemini claims to have received $284.3 […]
Sam “SBF” Bankman-Fried, the former CEO of FTX, testified in court regarding his relationship with Caroline Ellison and political donations from the crypto exchange. Bankman-Fried claimed that he did not discuss donations to U.S. politicians with former FTX employees Nishad Singh and Ryan Salame. He stated that the donations made in his name were actually […]
Active ETFs are gaining popularity among investors as market conditions shift towards active management. However, experts suggest that it shouldn’t be a choice between active or passive investing, but rather a combination of both. While passive funds have performed well in the past, their future performance may not be as strong. On the other hand, […]
Amid the global crackdown on financial crimes and terrorism funding, the US government has expressed concerns about certain companies in the crypto asset industry. The government believes that these entities are not doing enough to prevent illicit financial transactions. US Deputy Treasury Secretary Wally Adeyemo emphasized the need for financial institutions and digital asset companies […]
