Gemini’s U.K. branch has announced that it will restrict cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting November 17. This decision is in response to the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini has partnered with TRUST to […]
The Ministry of Culture and Information in Kazakhstan has blocked access to Coinbase, a prominent cryptocurrency exchange, along with select online brokerage websites. This action is in accordance with Kazakhstan’s “Digital Assets Law,” which regulates the issuance and circulation of digital assets within the country. The law aims to create a structured regulatory environment for […]
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has […]
Fiat payment rails and neobanking services are playing a crucial role in driving the mainstream adoption of cryptocurrencies. Industry experts at the European Blockchain Convention in Barcelona emphasized the growing importance of third-party payment rails and banking platforms in the cryptocurrency space. OpenPayd, for example, processes a significant volume of monthly transactions and provides banking […]
The founder of FTX, Sam Bankman-Fried, has been convicted on seven counts of fraud and conspiracy. After a month-long trial in federal court in New York City, Bankman-Fried was found guilty of cheating investors and customers out of over $10 billion through FTX and his cryptocurrency trading firm, Alameda Research. The charges against him carry […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion from customers, using the funds for speculative investments and an extravagant lifestyle. The verdict, delivered on multiple counts, highlights Bankman-Fried’s greed and deception. His defense of being a humble […]
The recent downfall of Sam Bankman-Fried and his cryptocurrency exchange FTX has had a significant impact on the industry. Bankman-Fried, the former CEO of FTX, has been found guilty of fraud and faces a potential prison sentence of up to 115 years. The evidence against him was overwhelming, with three of his closest employees testifying […]
US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities, including funding for the terrorist group Hamas. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, citing media […]
Coinbase Financial Markets, the regulated derivatives division of Coinbase, has introduced regulated crypto futures trading for retail investors in the US. This move allows eligible US customers on the Coinbase Advanced platform to trade Bitcoin and Ethereum futures contracts. The company received regulatory approval in August to offer crypto derivatives to retail traders. By offering […]
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
