Sam Bankman-Fried’s legal team is seeking permission to investigate the alleged involvement of FTX lawyers in the issuance of $200 million in loans from Alameda that were approved by Gary Wang. A court ruling had previously barred Bankman-Fried from blaming FTX lawyers for their role in structuring and approving the loans. However, the defense now […]
The Ministry of Finance in Cyprus is proposing amendments to the existing Prevention and Suppression of Money Laundering Law in order to align the country with international standards for anti-money laundering and combating the financing of terrorism. The amendments require all service providers working with crypto assets to register with the Cyprus Securities and Exchange […]
Binance’s Industry Recovery Initiative (IRI), which aimed to support the cryptocurrency industry following the collapse of FTX, may not have been as effective as hoped, according to a new report. Binance initially committed $1 billion in its BUSD stablecoins to the IRI, but only spent $15 million before moving the remaining $985 million back to […]
Cardano founder Charles Hoskinson has criticized the media for giving former FTX CEO Sam Bankman-Fried a “free pass” and compared him to notorious fraudster Bernie Madoff. Hoskinson accused the media of ignoring evidence of misappropriation and theft of customer funds by Bankman-Fried and FTX. He specifically called out author Michael Lewis for his book on […]
In a recent Twitter thread, Conor Grogan, Coinbase’s director of product strategy and business operations, has shed light on how Alameda Research, a trading firm associated with FTX, played a significant role in the dominance of Tether’s USDT stablecoin. Grogan’s on-chain analysis revealed that Alameda minted a staggering $39.55 billion worth of USDT, accounting for […]
In a recent security breach, Ordswap, a prominent marketplace for Bitcoin Ordinals, has lost control of its website, putting users at risk of phishing attacks. The compromised website directed users to a phishing link, aiming to trick them into revealing their private keys and sensitive information, posing a severe threat to their cryptocurrency assets. In […]
Bitstamp, a cryptocurrency exchange, is reportedly in talks with major European banks to expand its crypto services and products ahead of the rollout of the region’s MiCA rules. The exchange aims to tap into partnerships with these banks to bring crypto to more people. It is expected that these banks will begin offering crypto services […]
The Netherlands has established itself as a leading destination for cryptocurrency enthusiasts and businesses, thanks to its strong and transparent regulatory landscape. The country’s strict regulations require companies to register in order to offer crypto services, ensuring compliance and customer protection. While some major players like Binance and Coinbase have faced fines for non-compliance, other […]
Global venture capital (VC) investments in the cryptocurrency sector have experienced a significant decline, dropping by 63% in the third quarter of this year. This marks the lowest level of funding since 2020, according to research from PitchBook. Only $2 billion was invested in the sector during this period, a stark contrast to the previous […]
Changpeng Zhao (CZ), CEO of Binance, has shared his observations on the historical patterns surrounding the Bitcoin halving event. He noted that the months leading up to the halving are characterized by increased discussion, varied sentiments, and heightened expectations within the cryptocurrency community. CZ debunked the belief that Bitcoin’s price will immediately surge after the […]
