Sam Bankman-Fried, the former CEO of FTX, is facing multiple criminal charges related to alleged misuse of user funds. Documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest and his thoughts on the legal team handling FTX’s bankruptcy case. Bankman-Fried reportedly drafted a 15,000-word Twitter thread but never […]
BitGo and Swan Bitcoin have announced plans to create a Bitcoin-only trust company in the United States, pending regulatory approval. The company will offer Bitcoin custody, administration and management services to institutional investors, such as asset managers, pension plans, and family offices, as well as governments and company treasuries. It will also provide cold storage, […]
Binance.US, the American arm of the leading crypto exchange Binance, has recently lost two key executives amid increased scrutiny from regulators. Krishna Juvvadi, the head of legal, and Sidney Majalya, the chief risk officer, are the latest in a series of high-level departures from the exchange. Juvvadi was reportedly one of Binance.US’s main points of […]
Deutsche Bank, Germany’s financial giant with assets value of $1.4 trillion, has partnered with Swiss startup Taurus to offer various services, including cryptocurrency custody and tokenization solutions. The collaboration underwent a “thorough and detailed selection and due diligence process” before Deutsche Bank decided to utilize Taurus’ enterprise-grade infrastructure technology. In June, the bank applied for […]
The Japanese government is reportedly planning to allow start-ups to raise public funds through the issuance of crypto assets, such as currencies, instead of stocks. This system is applicable to Investment Business Limited Partnerships (LPS). Japan has been slow to embrace digital assets, but this is changing. The Financial Services Agency (FSA) recently sought to […]
JPEX, a crypto exchange, has recently come under fire from the Hong Kong Securities and Futures Commission (SFC) for operating without a license and actively promoting its services to the Hong Kong public. In response, the exchange has reportedly increased its withdrawal fee to up to 999 Tether USDT and its staff has been missing […]
Minnesota congressman Tom Emmer has reintroduced a bill that seeks to protect U.S. citizens from any possible surveillance through a Central Bank Digital Currency (CBDC). The CBDC Anti-Surveillance State Act aims to protect users from monitoring and tracking by government authorities and uphold financial privacy rights. The bill does not prevent the federal government from […]
The Securities and Exchange Commission (SEC) is likely to target crypto wallets and trading firms in its enforcement regime, according to lawyers from Troutman Pepper. The SEC has been increasingly active in the cryptocurrency space, with the agency recently filing charges against Ripple Labs and its executives for allegedly selling unregistered securities.The SEC has also […]
Binance.US, the American arm of the crypto giant, has recently experienced a significant reduction in its workforce. This downsizing comes shortly after the main company experienced the departures of its top executives due to layoffs and resignations. The company’s president, Brian Shroder, resigned and laid off over 100 employees, constituting one-third of the company’s staff. […]
Zodia Custody, a subsidiary of Standard Chartered (STAN), is making significant strides in Singapore’s rapidly growing digital asset custody sector. The company is entering into a strategic partnership with the developer of the Polkadot blockchain, Parity Technologies, to extend institutional support to the Polkadot ecosystem by providing robust custody services for digital assets. Additionally, the […]
