Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing years in federal prison.One of these individuals is Sam Bankman-Fried, the former CEO of crypto exchange FTX. He has been in jail since a judge […]
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a recent filing with the United States Securities and Exchange Commission (SEC).Mark Shifke, DCG’s chief financial officer, will replace Silbert as chairman […]
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount will be used as inventory for future issuance requests and chain swaps on the Ethereum blockchain.It’s important to note that these newly minted tokens […]
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount will be used as inventory for future issuance requests and chain swaps on the Ethereum blockchain.It’s important to note that these newly minted tokens […]
In 2023, the world of nonfungible tokens (NFTs) experienced significant developments and challenges. Despite criticism, NFTs remained a vibrant part of the market, with sales reaching over $1.5 billion in the last 30 days alone. Community members actively sought solutions to address the issues faced by traditional NFTs.One notable development was the introduction of Bitcoin […]
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six weeks. If granted, this would have pushed back the presentencing interview and the sentencing hearing, both of which were […]
After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the remedies-related discovery phase will conclude, marking the end of the fact-finding process. This sets the stage […]
Japan’s Cabinet has approved a proposal to eliminate corporate tax on unrealized cryptocurrency gains, potentially revolutionizing the crypto landscape in the country. If this proposal becomes law, it would mean that companies would no longer have to pay taxes on the difference between the market and book values of their crypto assets. This move is […]
The UBS, a Swiss bank, is set to make significant job cuts and early retirements starting from January. This development has raised concerns in the financial sector as the year comes to an end. According to a recent report by the Financial Times (FT), global banks have already eliminated over 60,000 jobs in recent months.Interestingly, […]
The debtors of defunct cryptocurrency exchange FTX have proposed separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed. The debtors have reached a proposed settlement with former CEO Sam “SBF” Bankman-Fried regarding the claims asserted against him in the Embed Proceeding. The agreement aims to recover 100% of the value conferred by the […]
