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[ad_1] A federal judge on Tuesday rejected Sam Bankman-Fried’s bid to throw out most of the US government’s criminal case accusing the FTX cryptocurrency exchange founder of orchestrating a multibillion-dollar fraud. The decision by US District Judge Lewis Kaplan in Manhattan paves the way for an October 2 trial of Bankman-Fried, a 31-year-old former billionaire. … Read more
[ad_1] Months before cryptocurrency exchange Coinbase became the biggest target of the US crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases. Before the US Securities and Exchange Commission sued Coinbase on June 6, the company had weighed in on two … Read more
[ad_1] Do Kwon was arrested in March this year. (Reuters File Photo) Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been sentenced to four-month jail in Montenegro. According to the BBC, he was found guilty of forging official documents. Kwon was arrested in … Read more
[ad_1] Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion (nearly … Read more
[ad_1] The US affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts. One of the sources said around 50 people were laid off. … Read more
[ad_1] OKX, one of the world’s largest cryptocurrency exchanges, is seeking regulatory approval to operate in Dubai as it plans to expand the company’s Middle East operations, an executive told Reuters on Thursday. Regulation is an industry trend, OKX Global Head of Government Relations Tim Byun said. “We would like to get ahead of that … Read more
[ad_1] Cryptocurrency exchange Binance has not sold either bitcoin or Binance Coin, its native token, the company’s CEO Changpeng Zhao tweeted on Tuesday. Last week, Binance was sued by the US Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent US exchange. The lawsuits against … Read more
[ad_1] British consumers buying cryptoassets will get a 24-hour “cooling-off” period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. Cryptoassets, such as Bitcoin, have little direct regulation globally, but regulators are taking a closer look after the downfall of FTX last year, which left millions of … Read more
[ad_1] Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance’s … Read more
[ad_1] Coinbase Global’s CEO Brian Armstrong said on Wednesday that the crypto exchange has a long history of being transparent with the US Securities and Exchange Commission. Armstrong was speaking in an interview with CNBC, a day after the company was sued by the US securities regulator on allegations it failed to register as an … Read more