The former CEO of FTX has shown interest in launching a new company in order to satisfy all of the company’s debtors, who number over one million and are owed up to fifty billion dollars. Bankman-Fried has indicated that he would be open to the idea of launching a new business with the purpose of … Continue reading SBF Wishes To Create A Company, Formally Added As Hearing Witness
According to a story published on the 10th of December by Bloomberg, Caroline Ellison, the former CEO of Alameda Research, would be represented in an ongoing federal investigation by a former senior crypto regulator who worked for the United States Securities and Exchange Commission (SEC). Stephanie Avakian and a team of lawyers from WilmerHale will … Continue reading Caroline Ellison hires former top SEC crypto regulator
An group that keeps an eye on things in the neighborhood has asked for a probe to be conducted into the political contributions that Sam Bankman-Fried has made in the past. The organization asserts that the former chief executive officer of FTX admitted to breaking federal law by clandestinely donating tens of millions of dollars … Continue reading SBF's Dark Money Contributions Prompted FEC Investigation
The findings of the JPMorgan investigation are based on an analysis of cash transfers made by over 5 million consumers from banks to cryptocurrency accounts. According to findings from recent study conducted by JPMorgan Chase, around 13% of the population of the United States, or 43 million individuals, have owned cryptocurrencies at some time in … Continue reading JPMorgan: 13% Of Americans Own Crypto
According to Dietrich Domanski, who is stepping down from his position as secretary general of the Financial Stability Board (FSB), recent events have shown that it is “necessary to manage risks” inside the industry.The collapse of the FTX exchange prompted action from a global financial body, which in turn led to ideas in early 2023 … Continue reading FSB to set crypto regulatory norms globally
Even if they haven’t made a profit via the sale of their shares, Japanese crypto issuers are compelled to pay a predetermined corporation tax rate of 30% on their holdings under the current framework of the law.As part of its efforts to encourage expansion in the domestic financial and technology sectors, the government of Japan … Continue reading Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers
The local media in the Bahamas reported that Sam Bankman-Fried has submitted a new request for release on bail. This comes just two days after a court dismissed Sam Bankman-request Fried’s for bail on the grounds that the FTX founder constituted a flight risk. The court’s explanation for its decision was that Bankman-Fried posed a … Continue reading SBF Submits Fresh Bahamas Supreme Court Bail Application
A little more than a year after its introduction in October 2021, Nigeria’s eNaira has only managed to get an adoption rate of 0.5%. The legislation that is set to be passed comes as a result of this fact. According to recent reports, the government of Nigeria will soon approve a legislation that will officially … Continue reading Nigeria Passes Bitcoin And Cryptocurrency Law
The cryptocurrency lending platform BlockFi has submitted a request to a bankruptcy court in the United States for permission to recover customers’ crypto assets that were stored in BlockFi wallets. The defunct cryptocurrency lending platform BlockFi has submitted a petition to a bankruptcy court in the United States, demanding permission to enable its customers to … Continue reading BlockFi Petitions To Restore Wallet Users' Frozen Crypto
As a direct result of the recent failure of FTX, which was one of the city’s most significant exchange partners, the management of Busan city has rethought its plans to onboard third-party cryptocurrency exchanges.Despite the fact that it has severed ties with the vast majority of the worldwide centralized exchange partners, the city of Busan, … Continue reading Busan's digital exchange plans exclude global crypto exchanges.