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Binance Executive Tigran Gambaryan Denied Bail in Nigeria

[Oct 11 9:52 AM] The Binance executive has been detained in Nigeria since February.

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

[Oct 11 9:16 AM] Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

SEC Sues Crypto Market Maker Cumberland DRW

[Oct 10 5:17 PM] The regulator alleged the company "bought and sold" crypto assets that were sold as securities, but did not register as a securities dealer.

Ripple Plans 'Cross-Appeal' in SEC Case

[Oct 10 3:53 PM] The SEC announced it was filing an appeal last week.

Heather 'Razzlekhan' Morgan Should Spend 18 Months in Prison, Prosecutors Tell Court

[Oct 10 3:08 PM] Prosecutors have requested that Heather Morgan – better known by her rap moniker “Razzlekhan” – be sentenced to just 18 months behind bars for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack.

South Korean Upbit crypto exchange faces monopoly probe

[Oct 10 12:43 PM] South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.

Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities

[Oct 10 11:39 AM] Dubai's Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.

SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’

[Oct 9 8:58 PM] Gensler also called out fraud in crypto: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.”

Prosecutors Charge Two Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud

[Oct 9 7:39 PM] Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege.

India's Crypto Discussion Paper on Hold Due to Other Priorities

[Oct 9 1:08 PM] India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.

The DPRK's Deep Roots in Crypto

[Oct 9 4:00 AM] Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways…

Crypto.com sues SEC to ‘protect the future of crypto’ in US

[Oct 8 2:18 PM] Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency.

Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice

[Oct 8 1:40 PM] Cryptocurrency exchange Crypto.com has sued the U.S. Securities and Exchange Commission, along with its Chair Gary Gensler and its four commissioners.

UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud

[Oct 8 9:37 AM] Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.

Hong Kong Gearing up to Approve More Cryptocurrency Exchange Licenses by Year End: SFC

[Oct 8 5:19 AM] HKVAX is the latest exchange to receive approval.

Delaware Judge Approves FTX Estate’s Bankruptcy Plan

[Oct 7 8:50 PM] A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.

UAE Exempts Crypto Transactions From Value Added Tax

[Oct 7 7:45 AM] The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.

HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

[Oct 4 6:41 PM] HBO says it knows who Satoshi is.

Coinbase to Delist Unauthorized Stablecoins in EU by December

[Oct 4 2:31 PM] Tether, which is the largest issuer of stablecoins, has not managed to snag the necessary e-money license in the European Union.

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

[Oct 3 9:52 PM] The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

CFTC Subcommittee Sends Up Recommendations for Letting Firms Use Tokenized Shares as Collateral: Bloomberg

[Oct 3 12:23 PM] The likes of BlackRock and Franklin Templeton could see tokenized shares of their money-market funds pledged in trading after a major group under the aegis of the Commodity Futures Trading Commission (CFTC) approved guidelines for their use…

Australia's Police Confiscates Crypto Worth $6.4M in Crackdown on 'Ghost' Messaging App

[Oct 3 8:35 AM] Australia's police has confiscated $6.4 million in cryptocurrency as part of a global crackdown on Ghost, an encrypted communications network, authorities allege was “built solely for the criminal underworld,” a statement said.

SEC Files Notice of Appeal in Case Against Ripple

[Oct 2 9:25 PM] The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.

SEC Enforcement Director Gurbir Grewal Is Leaving the Agency

[Oct 2 7:11 PM] Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release.

Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin 'Pepper'

[Oct 2 6:38 PM] The Chiliz blockchain is aiming to become "the sports blockchain," its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.

Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’

[Oct 2 5:01 PM] An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal…

U.S. Election Betting: Court Clears Kalshi Congressional Contracts

[Oct 2 2:52 PM] The CFTC "has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal," an appeals court said, clearing the prediction market to resume listing the contracts.

The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison's Sentencing

[Oct 2 1:30 AM] Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.

Bitwise Takes a Step Toward XRP ETF

[Oct 1 9:24 PM] Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Diddy Hires Sam Bankman-Fried’s (New) Lawyer

[Oct 1 6:51 PM] Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.