The Federal Open Market Committee (FOMC) has reaffirmed its commitment to higher interest rates, signaling the possibility of another rate increase in the near future. Despite a complex economic environment characterized by elevated inflation and slowing job gains, the FOMC remains optimistic about the strength of the labor market and the pace of real GDP […]
Former Alameda Research CEO Caroline Ellison testified in court, providing more details about the financial crimes she and her ex-boyfriend, Sam Bankman-Fried, committed at FTX. Ellison revealed that FTX bribed the Chinese government with $100 million in order to unlock a larger pool of frozen assets. The bribery occurred after other attempts to recover funds […]
Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval allows Hata to launch its services within the next six to nine months. Hata will be the fifth regulated digital asset exchange in Malaysia and the […]
Binance, a popular cryptocurrency exchange, has introduced a new feature called “copy trading” that allows users to replicate the trading strategies of successful crypto futures traders. This feature enables “copy traders” to mimic the real-time trading strategies of “lead traders” on the platform. Users can assess the performance metrics of lead traders and customize their […]
Large holders of Ethereum have been reducing their holdings, leading to a decrease in ETH held by whales and big investors. This trend has raised questions about the reasons behind this shift and its implications for the Ethereum ecosystem. It remains unclear whether these holders are simply selling off their assets or if there are […]
JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets on a blockchain. TCN recently settled its first trade between BlackRock and Barclays, allowing for instant transfer of collateral instead of the usual day-long process. BlackRock used […]
Caroline Ellison, a close confidant of former FTX CEO Sam Bankman-Fried, has revealed in court transcripts that FTX’s trading arm, Alameda Research, paid a bribe to the Chinese government to unfreeze $1 billion. Ellison, who is also the former CEO of Alameda, disclosed this information during questioning by United States Attorneys. She stated that Alameda’s […]
The trial of Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently underway. The United States Department of Justice (DOJ) and the defense have presented their arguments. The DOJ accuses Bankman-Fried of intentionally deceiving investors and using his company, Alameda, to steal customers’ funds. They also claim that he had influence over politicians […]
San Francisco-based blockchain startup Ripple is facing challenges in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Last week, a U.S. judge rejected the SEC’s appeal for an interlocutory motion in the Ripple lawsuit and pushed for a settlement between the two parties. Amidst this legal battle, Ripple’s Chief Financial Officer, Kristina […]
iFinex, the parent company of BitFinex and collaborator with Tether Holdings, has announced a $150 million share buyback plan. This move is seen as a significant step towards the company’s growth and efforts to address its troubled past. The buyback plan offers a price of $10 per share for 15 million shares, representing 9% of […]
