Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered
TECHNOLOGY POWERING BUSINESS
News crypto
UK Mulls Cryptocurrency Version Of Sterling
Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere
Court Rules Celsius Network Owns Customer Crypto Assets
Legal setback for customers of bankrupt Celsius Network, after US judges rules firm owns most of the deposited cryptocurrency
FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges
Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated for October
FTX Customer Lawsuit Seeks Recovery Of Digital Assets
Class action lawsuit filed by FTX customers against failed crypto exchange and its arrested former CEO Sam Bankman-Fried
NFT Sales, Search Interest Drop Sharply In 2022
Online searches and sales of non-fungible tokens (NFTs) decline sharply this year after a peak of $4.9 billion in sales in January 2022
FTX’s Sam Bankman-Fried Released On $250m Bail, To His Parents
Sam Bankman-Fried has been freed on $250m, but must remain under strict supervision at parents’ California home
Two Bankman-Fried Associates Plead Guilty To Fraud
FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud charges
Bitcoin Miner Core Scientific Files For Chapter 11
One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy protection
FTX Looks For Return Of Millions In Donations
Bankrupt crypto exchange FTX says it will use legal means if necessary to recover tens of millions in political donations
Binance Founder Reassures After $1 Billion Withdrawn In A Day
Founder Changpeng Zhao admits “stress test” after more than a billion dollars is pulled out of Binance in a single day
US SEC Charges FTX Sam Bankman-Fried With Fraud
Sam Bankman-Fried is accused by US authorities of defrauding investors after regulators called FTX “a house of cards”
FTX Founder Sam Bankman-Fried Arrested In Bahamas
Former CEO and founder of collapsed crypto exchange FTX is arrested after the United States files charges against him
HM Treasury Finalising Crypto Industry Rules – Report
UK's Treasury is reportedly finalising sweeping new powers for Financial Conduct Authority to properly regulate the cryptocurrency industry
Bitfront To Close Down, In Latest Crypto Failure
Latest casualty. Crypto exchange Bitfront confirms it is shutting down amid challenging crypto market, despite best efforts
Crypto Lender BlockFi Files For Chapter 11 Bankruptcy
FTX collapse cited, as cryptocurrency lender BlockFi files for Chapter 11 bankruptcy protection in New Jersey court
New York Governor Signs Bill To Limit Crypto Mining
Green move. Clampdown on crypto mining that runs on carbon-based power sources signed into law by New York Governor
Failed FTX Exchange Could Have A Million Creditors
As regulators begin investigations into FTX's bankruptcy, filings indicate the failed crypto exchange could have 1 million creditors
Crypto Market Rocked As Binance Drops FTX Rescue Deal
Cryptocurrency prices plunge after crypto exchange platform Binance withdraws from purchase of its failing rival FTX Trading
Interpol Issues Red Notice For Terra’s Do Kwon
Do Kwon denies being on the run and says he is making “zero effort to hide,” after Interpol issues global arrest warrant
SEC Guidance ‘Deters’ US Banks’ Crypto Plans
March SEC guidance is deterring US banks from offering crypto asset custody services by making them prohibitively costly, report says
Celsius Seeks Permission To Sell Stablecoin Assets
Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations
South Korea Issues Arrest Warrant For TerraUSD’s Do Kwon
Do Kwon, the co-founder of failed TerraUSD cryptocurrency, is the subject of an arrest warrant issued by South Korean authorities
SEC Charges Founders Of Crypto Group Forsage With Fraud
US SEC complaint says 11 associated with 'smart contract' firm Forsage, including founders, ran fraudulent pyramid and Ponzi scheme for more than two years
Binance Registers In Italy Amidst Europe Push
Binance registers in Italy following France approval, almost a year after it was forced to scale back operations in Europe due to regulatory crackdown
SEC Nearly Doubles Staff Of Crypto Enforcement Group
US financial regulator adds 20 full-time staff to cryptocurrency enforcement unit, also targets fraud in decentralised finance, NFTs, stablecoins
EU Bans Crypto Services To Russia
New package of sanctions extends asset freeze to crypto-wallets amidst fears virtual assets could be used to get around existing measures
Crypto Hackers Steal $615m From Ronin Network
Largest decentralised finance hack in history? Axie Infinity’s Ronin Network admits breach and says it lost $615m in USDC and ethereum
UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’
Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'
Regulators Monitor Crypto Over Russia Sanction Fears
Regulators at G20 countries say they are monitoring use of cryptocurrencies amidst fears they could be used to evade sanctions on Russia