Coinbase, a leading cryptocurrency exchange, has submitted a formal response to the United States Securities and Exchange Commission (SEC) regarding its rulemaking petition. The company is urging the SEC to provide a timely and public response to its appeal, expressing frustration with the lack of communication and transparency from the financial regulator. Coinbase’s Chief Legal […]
Coinbase, a leading cryptocurrency exchange, is intensifying its efforts to compel the United States Securities and Exchange Commission (SEC) to take action on its crypto rulemaking petition. The company is seeking a court order, known as a mandamus, to force the SEC to provide an official response to its petition within 30 days. The SEC […]
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 […]
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 […]
In a shocking revelation, blockchain intelligence firm Elliptic has provided an in-depth analysis of the infamous FTX theft, shedding light on the complex web of events surrounding the hack, subsequent money laundering, and the ongoing quest to uncover the identity of the perpetrators.According to Elliptic’s report, the FTX theft in November 2022 involved $477 million […]
In the second week of the trial involving Sam Bankman-Fried, CoinDesk has analyzed trial documents, transcripts, and reports to provide highlights of Caroline Ellison’s testimony and updates on FTX’s $400 million hack. During the trial, a secret recording was revealed, and the former CEO of Alameda Research, Caroline Ellison, testified. The details of the secret […]
Beluga, a Multichain AMM protocol, has fallen victim to a hacking attack, resulting in the theft of approximately $175K in cryptocurrency. The attack targeted the Beluga protocol deployed on the Arbitrum network. Security firm PeckShield reported the incident, stating that the attackers exploited several vulnerabilities to steal tokens, initially taking 59 ETH. The attacker then […]
Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to introduce information from the crypto exchange’s terms of service during witness testimonies in the ongoing criminal trial. The defense team aims to address evidentiary issues related to the alleged misuse of FTX funds. Prosecutors and the defense have differing theories on the matter, with […]
Coinbase, the largest cryptocurrency exchange in the US, has expressed concerns over a new tax proposal by the Internal Revenue Service (IRS). In a letter to the agency, Coinbase argues that the proposed rules would infringe on Americans’ financial privacy and impose burdensome reporting requirements. The exchange requests that compliance requirements be limited to parties […]
Venture capital firm Paradigm has come out in support of cryptocurrency exchange Binance, as it seeks to have charges brought against it by the US Securities and Exchange Commission (SEC) dismissed. Paradigm argues that the SEC does not have jurisdiction over the emerging cryptocurrency industry. The move comes as Binance faces increased scrutiny from regulators […]
