Binance has filed for a protective court order against the US Securities and Exchange Commission (SEC) in response to what it calls “overbroad” and “unduly burdensome” requests for communications and deposition testimony from its executives. According to Reuters, the exchange
Sam Bankman-Fried (SBF) was jailed on Friday, August 11, after a New York judge revoked the FTX founder’s $250 million bail on allegations he tampered with witnesses in his upcoming fraud trial. U.S. District Judge Lewis Kaplan made the decision
In a recent analysis by data agency CCData, the South Korean digital asset platform, Upbit has surpassed leading global exchanges, Coinbase and OKX, in spot trading volume. This shift coincides with the ongoing regulatory challenges faced by Binance, the largest
The U.S. Department of Justice (DOJ) is weighing whether to charge Binance with fraud. But prosecutors are worried that doing so could cause a run on the world’s largest crypto exchange, leading to losses for users, Semafor reported. Prosecutors fear
FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
Crypto swingman Sam Bankman-Fried (SBF) planned to purchase the island nation of Nauru and build a bunker there to protect his colleagues in the effective altruism movement in the event of an apocalypse, new court documents show. Filed in a
Sam Bankman-Fried and the story surrounding the collapse of FTX, a bankrupt cryptocurrency exchange he founded, is set to be released as an animated, interactive social comedy by the innovative Web3 studio Toonstar FORTUN3. Sam Bankman-Fried is in the headlines
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
The EU Parliament has voted overwhelmingly in favor of Markets in Crypto Assets (MiCA), which has been touted as the most comprehensive framework for cryptocurrency regulation ever created. Yesterday in Strasbourg, EU lawmakers formally enacted the 571-page legislation after 517
Bored Ape Yacht Club (BAYC), one of the most popular non-fungible token (NFT) collections saw its first quarter sales fall more than $500 million by the end of March 2023 from the same period in 2022. This was the first
Midas Investments is shutting down as a decentralized finance platform and pivoting to so-called CeDeFi, a hybrid type of structure that combines centralized finance (CeFi) and DeFi. The decision is significant. It could indicate the direction that the decentralized finance
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