Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access
Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.
CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity…
IMF Highlights Effective Management of Crypto Risks While Encouraging CBDC Adoption
The International Monetary Fund (IMF) observed that due to the widespread use of digital assets, nations are attempting to benefit from whatever advantages they may offer. However, IMF recognizes the…
Nevada regulator says Prime Trust can’t meet withdrawal requests
Cryptocurrency custodian Prime Trust is experiencing a significant deficit and won’t be able to fulfill all customer withdrawal requests, according to a cabinet-level Nevada state agency.
SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid
The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.
Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan
Electricity costs played a vital role in the past year’s bear market as miners struggled to survive, the report said.
Ripple CLO Praises Singapore’s Regulatory Framework Amid US SEC Turmoil
Stuart Alderoty took to Twitter to praise the approach of Singapore’s Monetary Authority toward crypto.
Justin Sun, founder of Tron, liquidated $30 million in Ether from Lido by sending it to the crypto exchange Huobi
In a recent development, Justin Sun, founder of the Tron network and a prominent figure in the crypto space, withdrew a significant amount of Ether (ETH) from liquid staking platform…
Binance.US Files Lawsuit, Alleges SEC Is Misleading The Public
Binance.US, Binance Holdings Limited, and Binance CEO Changpeng Zhao have accused the Securities and Exchange Commission (SEC) of misleading the public through statements during its ongoing lawsuit. The allegation was…
Institutional Adoption of DeFi is ‘Many Years Away,’ Says BlackRock Executive
Chalom sees the “highly regulated space” as a hurdle for institutional investors to join DeFi’s ecosystem en masse.
