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 dominate BlockFi’s lending activities, and he had conversations with Bankman-Fried regarding the loans. BlockFi had lent out billions of dollars to its clients, with Alameda […]
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). The court had ruled in August that the SEC’s rejection was erroneous, and the SEC’s decision not to contest the ruling could expedite […]
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, raising concerns about their proximity to military bases and national security. One specific mining operation in Wyoming, located near a Microsoft data […]
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 with the agency. The CFTC alleges that Ehrlich and Voyager Digital deceived customers by falsely promoting the platform as a safe and trustworthy […]
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 currency. Creech encouraged interested individuals to participate in penetration tests by visiting Solana’s GitHub repository. Solana is a highly scalable network and […]
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 obligations. The cooperation agreement states that she will not be criminally prosecuted for any crimes, except for criminal tax violations. […]
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 Bankman-Fried’s vision for a next-generation financial exchange and was impressed by his intelligence and perceived altruism. He trusted Bankman-Fried and even sold a piece of his […]
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 initiated, and the proposal to grant the project’s creators the authority to comply with the SEC’s directives was unanimously approved. This includes paying […]
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 parties. Mastercard’s solution allowed the holder of a pilot CBDC to purchase a non-fungible token (NFT) listed on Ethereum. The RBA’s pilot CBDC […]
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 for its arbitrary rejection of Grayscale’s application, instilling optimism among investors. This ruling brings the industry one step closer to the first-ever […]
