Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation. Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
Justin Sun and his companies have found themselves on the receiving end of an SEC dragnet in a move sending shockwaves through the cryptocurrency world. Justin Sun was strongly involved in allegations announced earlier this year which involved unregistered offers
The Financial Stability Board (FSB), the swiss regulatory organization, has recently finalized a comprehensive regulatory framework for crypto-asset activities. FSB’s framework aims to promote international consistency and ensure that crypto-assets and stablecoins are subject to appropriate and comprehensive regulation, aligned
While artificial intelligence tools are increasingly being used to improve product and service delivery, Hollywood writers and stars are not embracing the idea of AI replacing people in the movie industry. Studios in Hollywood recently put forward plans to use
Joseph Poon and Thaddeus Dryja first proposed Bitcoin Lightning Network for fast bitcoin transactions in 2016, and the layer-2 network went live in 2018. Binance is now integrating the Lightning Network into its operation, boosting the speed of transactions on
SEC has begun its extensive investigation into companies dealing in digital assets by filing a lawsuit to freeze the assets of Binance.US and suing Coinbase in the process. The two recent enforcement actions show the seriousness of the SEC in
In a turn of events that has stunned the crypto world, Multichain, a prominent cross-chain protocol, is ceasing operations. The unexpected shutdown follows the arrest of its CEO, Zhaojun, in China, an incident that has sent uncertainty through the global
The long-awaited debut of Europe’s inaugural bitcoin exchange-traded fund (ETF) is set to become a reality. Jacobi Asset Management is on the verge of launching the Bitcoin ETF this month. Despite numerous hurdles over the past year, Jacobi’s Bitcoin ETF approach offers
In a bold testament to the unpredictable dynamics of cryptocurrency markets and its related stocks, the value of Coinbase Global Inc. has more than doubled this year despite intense regulatory scrutiny. The cryptocurrency exchange’s resilient performance seems to have caught
Meta’s Twitter rival Threads crossed 100 million sign-ups within the first five days of its launch, surpassing OpenAI’s ChatGPT as the fastest-growing platform. It’s not all good news for Threads, however, as Elon Musk’s microblogging platform, Twitter, is considering legal
A wave of support for increased transparency in the crypto space is building, ignited by recent remarks from Gabriel Shapiro, General Counsel at Delphi Labs. In a contemporary twist on the traditional world of finance, Shapiro champions a “13D-style” approach
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