The SEC and Ripple Labs are gearing up for a courtroom showdown in April 2024, after Judge Analisa Torres denied the SEC’s request for an interlocutory appeal on October 3. The verdict of the trial could have a major impact on the crypto landscape. Ripple’s native cryptocurrency XRP spiked 5% following the ruling. In July, […]
Six new Ether futures ETFs from fund managers ProShares, VanEck, and Bitwise made their debut on Monday, providing investors with new ways to gain exposure to the second-largest crypto by market capitalization. However, the launch failed to generate much trading activity, with a combined $1.9 million in volume on the first day of trading. The […]
The supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to a 5-year low of around 2.29 million BTC, according to blockchain data platform Glassnode. This decrease in supply on exchanges has been observed by the behavior analytics platform Santiment, which estimates that the percentage of BTC supply on exchanges has decreased from 5.99% to […]
Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and the US Department of Homeland Security, Binance provided crucial intelligence that led to the […]
Judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres denied the SEC’s motion as the SEC failed to meet its burden to show there were controlling questions of law or that there […]
Sam Bankman-Fried, the CEO of FTX, was worried that his employees had become too wealthy due to the sudden increase in the value of SRM. As a result, he changed the rules and made them wait longer to sell their shares.Michael Lewis’ new book “Going Infinite” details the story of how Bankman-Fried reacted to the […]
Celsius Network has begun its bankruptcy trial in New York, with the goal of relaunching itself as a user-owned Bitcoin miner. The company has informed a judge that it intends to repay customers whose funds have been frozen since June 2022 with a portion of what they are owed by the end of the year. […]
Sam Bankman-Fried, former CEO of FTX, is on trial in New York for seven counts of conspiracy and fraud in connection with the collapse of the cryptocurrency exchange he co-founded. He has pleaded not guilty to all charges and is being heard by Judge Lewis Kaplan. Bankman-Fried was arrested in the United States on his […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. The U.S. Justice Department announced indictments against several China-based chemical manufacturers and their employees, who allegedly used crypto transactions to conceal their identities and the movement of […]
