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Sam Bankman-Fried Faces Jail as DOJ Pushes for Incarceration

[Aug 3, 2023 9:23 PM] FTX founder Sam Bankman-Fried's defense isn't denying that he shared former Alameda Research CEO Caroline Ellison's diary with the New York Times, and so he should be "detained pending trial," the U.S. Department of Justice said again in a filing…

ProShares, Bitwise File for Bitcoin and Ether ETFs

[Aug 3, 2023 7:53 PM] If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

[Aug 3, 2023 2:50 PM] Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when…

Kenya Appears to Have Flip-Flopped on Worldcoin's Data Practices

[Aug 3, 2023 9:59 AM] Kenya's data watchdog found Worldcoin is compliant with its data protection laws, but has now find different problems with Sam Altman's project.

SEC Charges 18 Utah Defendants in $50M Crypto Fraud Scheme

[Aug 3, 2023 9:17 AM] TK

Namibia Sets the Stage for National Crypto Strategy With New Law

[Aug 3, 2023 4:06 AM] The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say.

FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings

[Aug 3, 2023 2:26 AM] Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings.

HashKey Wins Hong Kong's First Crypto Exchange License to Serve Retail Customers

[Aug 3, 2023 1:09 AM] Hong Kong's first license to a cryptocurrency exchange to serve retail customers has gone to HashKey Exchange.

eToro Sued by Australia's Market Regulator for Leveraged Product

[Aug 2, 2023 11:59 PM] Social investing platform eToro's Australia entity (eToro Aus Capital Limited) has been sued by Australia's markets regulator.

Is Sam Bankman-Fried Going to Jail?

[Aug 2, 2023 5:00 PM] Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and…

TradFi Giant Direxion Joins Crypto ETF Race by Filing for Combined Bitcoin and Ether Futures Fund

[Aug 2, 2023 2:47 PM] The move comes the same week that six other companies filed to launch ether futures ETFs.

Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications

[Aug 2, 2023 2:02 AM] As many as six entities have filed applications with the U.S. Securities and Exchange (SEC) for Ethereum Futures exchange-traded funds (ETFs) as of filing time on August 2, 2023.

Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns

[Aug 2, 2023 1:46 AM] Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations.

Crypto Custodian Hex Trust Expands European Foray With Registration in France

[Aug 2, 2023 1:00 AM] The registration, which follows last year's approval in Italy, is "a significant milestone" for its European expansion plans, Hex Trust said.

G20 President India Publishes Its Input for Framing Global Crypto Rules

[Aug 1, 2023 11:58 PM] As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.

U.S. DOJ Has 'Extremely Thin' Basis for Jailing FTX's Bankman-Fried Ahead of Trial: Defense

[Aug 1, 2023 7:44 PM] Attorneys for Sam Bankman-Fried pushed back against the U.S. Department of Justice's motion to remand the FTX founder in a court filing Tuesday.

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

[Aug 1, 2023 12:47 PM] The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.

Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans

[Aug 1, 2023 11:00 AM] The environmental argument "should not be used as smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter.

Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor

[Aug 1, 2023 10:28 AM] The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.

Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says

[Aug 1, 2023 10:14 AM] The Republican candidate’s comments stand in contrast to Democratic candidate Robert F. Kennedy, who supports using bitcoin to stabilize the dollar.

Binance Japan Starts Onboarding Users

[Aug 1, 2023 4:02 AM] Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

[Jul 31, 2023 3:53 PM] A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue…

Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit

[Jul 31, 2023 3:13 PM] A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission.

DeSantis Accuses Biden of 'War on Bitcoin,' Vows to Stop It if Elected President

[Jul 31, 2023 2:37 PM] Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its “war” on bitcoin and cryptocurrencies and said that he will end it should he become President.

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

[Jul 31, 2023 8:44 AM] The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities…

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

[Jul 31, 2023 8:43 AM] Jeju, Busan and Incheon are in the running to be considered.

Binance's Activities Are Illegal in Nigeria, Securities Regulator Says

[Jul 31, 2023 3:15 AM] The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.

Binance Wins Operational License in Dubai

[Jul 31, 2023 1:01 AM] Binance, the world's largest cryptocurrency exchange, has won a licence to operate in Dubai after meeting pre-conditions set since receiving a preparatory licence in September 2022.

SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT

[Jul 30, 2023 10:56 PM] The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report.

Sam Bankman-Fried's Attempts to Influence Witnesses Show He Must Be Jailed Before Trial: DOJ

[Jul 28, 2023 3:39 PM] Sam Bankman-Fried's repeated efforts to contact witnesses and influence their testimony shows that "no combination of conditions will reasonably assure the safety of the community," prosecutors said in a written filing calling for his bond to be…