The US Securities and Exchange Commission (SEC) is showing increased communication with applicants for spot Bitcoin exchange-traded funds (ETFs), a departure from its usual silence on the matter. This comes after fake news circulated about BlackRock’s Bitcoin ETF approval, adding to the anticipation surrounding potential SEC acceptance. Major players in the investment world, such as […]
Coinbase, a leading cryptocurrency exchange, has reaffirmed its commitment to combatting the illicit use of cryptocurrencies. The company has implemented a robust compliance program that includes Know Your Customer (KYC) checks and thorough sanctions screening. Coinbase also collaborates closely with law enforcement agencies to track and prevent terrorist financing. The exchange advocates for clear regulations […]
Nishad Singh, the former director of engineering at FTX, faced intense cross-examination during the tenth day of the Sam Bankman-Fried (SBF) trial. Singh, who has pleaded guilty to fraud and conspiracy charges, provided further insights into the inner workings of FTX and SBF’s activities. The focus of the day was on the software bug that […]
In a major breakthrough, the perpetrator behind the infamous Silk Road Bitcoin heist has been unmasked nearly a decade after the crime took place. The theft, which occurred in 2012, involved the stealing of 50,000 Bitcoin from the illicit dark web marketplace. Over the years, the value of the stolen Bitcoin skyrocketed to $3 billion, […]
The US Securities and Exchange Commission (SEC) has denied reports that it approved BlackRock’s application to launch a Bitcoin exchange-traded fund (ETF). The false reports caused a temporary price rally for Bitcoin. The SEC cautioned against believing unverified sources and urged users to rely on verified information. US attorney John E. Deaton, who represents XRP […]
The bankrupt cryptocurrency exchange FTX has staked around $170 million in various crypto assets, including Solana, Ethereum, and MATIC. Blockchain data shows that the defunct platform has staked over 5.5 million SOL and more than 24,000 ETH. FTX has sent 5.5 million SOL, valued at $122 million, to the Figment network for staking, which is […]
FTX founder Sam Bankman-Fried’s criminal trial has revealed an extensive list of donations made by FTX associates. Bankman-Fried himself donated over $133 million, with the majority going towards political donations. Notable recipients include Republican senator Mitt Romney and Democratic senator Cory Booker. The largest donations were made to political groups and PACs, which have fewer […]
The US Securities and Exchange Commission (SEC) is showing no signs of slowing down its regulatory scrutiny and enforcement actions against the crypto industry. The SEC’s Division of Examinations has announced its priorities for 2024, indicating a potential tightening of regulations for crypto exchanges, firms, and cryptocurrencies classified as securities. The Division will focus on […]
The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient regulation of crypto companies, particularly in the case of FTX exchange. Despite operating without a license for over two years, FTX was […]
North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily assigned to him after his Republican colleague, Kevin McCarthy, was ousted on October 4th. However, McHenry’s authority is limited to the Speaker vote and he cannot move […]
