Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty
[Aug 4, 2023 5:35 AM] The digital bank said U.S. customers will not be able to access crypto via its platform starting Oct. 3.
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Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China
[Aug 4, 2023 3:45 AM] Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges.
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…
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…
SEC Charges 18 Utah Defendants in $50M Crypto Fraud Scheme
[Aug 3, 2023 9:17 AM] TK
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…
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.
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.
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.
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.
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 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.
Crypto․com Granted Registration Approval in the Netherlands
[Jul 30, 2023 2:30 AM] Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering…
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…
Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges
[Jul 28, 2023 1:02 PM] Prosecutors just withdrew a campaign finance charge ahead of Sam Bankman-Fried’s criminal trial this October. That doesn’t mean the U.S. Department of Justice is letting the FTX founder off on alleged criminal conduct, however – and campaign…
Worldcoin Being Probed by French Privacy Regulator for ‘Questionable’ Practices
[Jul 28, 2023 6:54 AM] Sam Altman’s latest eyeball-scanning initiative is attracting attention from data protection regulators.
Crypto.com Trumps Binance, Securing Netherlands Registration as Larger Rival Withdraws
[Jul 28, 2023 5:46 AM] The Netherlands, which has taken a tough line on rivals such as Binance and Coinbase, follows France, Dubai and the U.K. in recognizing the crypto exchange.
Roger Ver at Webx Asia: Reflections on Payments, Self-Custody, and the Role of Crypto Lawbreakers
U.S.-Listed Crypto Firms Will Need to Report Cybersecurity Breaches
[Jul 28, 2023 1:22 AM]
Sam Bankman-Fried Wants to Seal Caroline Ellison's Diary, Inner City Press Opposes
[Jul 28, 2023 12:51 AM] FTX founder Sam Bankman-Fried has asked the court to seal the contents of the private diary of his sometimes girlfriend and ex-Alameda Research CEO Caroline Ellison.
CFTC Overreached in Suing Binance, Crypto Exchange Says
[Jul 27, 2023 8:26 PM] The U.S. Commodity Futures Trading Commission (CFTC) is reaching beyond its jurisdiction in trying to sue Binance, the global crypto exchange said in a motion to dismiss the regulator's lawsuit against it.