The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial is nearing its conclusion, with closing arguments set for November 1. Bankman-Fried took the stand and testified that he believed it was acceptable to utilize $8 billion in […]
The UK’s Financial Conduct Authority (FCA) has issued a warning to investors regarding Bitfinex, stating that the exchange may be promoting financial services without proper authorization. The FCA cautions potential investors to avoid dealing with Bitfinex, as they will not have access to the Financial Ombudsman Service for resolving complaints and will not be protected […]
FTX, a bankrupt cryptocurrency exchange, has reportedly moved $156 million worth of digital assets, including Ethereum and Solana, in a series of transactions. According to blockchain analytics firm Nansen, the assets transferred include 1,100 ETH, 10.5 million USDC, and 7.6 million Render tokens, among others. Additionally, FTX has begun unstaking 1.6 million SOL tokens, worth […]
Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation has announced that the MiCA Act will come into force in December 2025, six months ahead of the EU’s general deadline. This accelerated timeline aims to provide […]
There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts have discussed the possibility of Gensler allowing spot Bitcoin ETF applications to accumulate before denying them all at once, likening it to a “semi-comedic […]
The cross-examination of Sam Bankman-Fried (SBF), CEO of FTX, intensified during the fifth week of the high-stakes trial. SBF faced tough questioning about his involvement in the collapse of FTX and Alameda Research. In his direct examination, SBF discussed his role as CEO and outlined FTX’s strategic goals. He mentioned working on a database to […]
Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York. Bankman-Fried testified in his defense, claiming that he had no knowledge of the creation of North Dimension, an alleged entity used to launder customer funds. He stated that former chief regulatory officer Dan Friedberg provided him with the […]
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent to OKX, valued at $14.1 million, while 3 million UNI tokens were sent to Kraken’s Wintermute address, equivalent to $13 million. Additionally, 3.4 […]
United States-based cryptocurrency exchange Kraken has announced that it will comply with a court order to share the data of 42,000 users with the Internal Revenue Service (IRS). The court order, issued by the Northern District of California, requires Kraken to provide a wide range of records and data on its U.S. clients who have […]
Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District Court of New York. He denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth.Bankman-Fried refuted claims that he directed his inner circle to make political donations, although he […]
