According to a report in the Nassau Guardian (1), which cited Bahamas Acting Commissioner of Corrections Doan Cleare as a source, FTX founder Sam Bankman-Fried spent his first night in prison “in good spirits.” According to the acting commissioner, SBF was spending time in the correctional facility’s hospital ward and taking his meds as prescribed. … Read more
According to statistics from Glassnode that were examined by CryptoAnnals, the Proof of Reserves (PoR) for both Bitcoin (BTC) and Binance USD (BUSD) have decreased by around $3.45 billion and $472.86 million respectively over the course of the past twenty-four hours. During the same timeframe as before, about $1.86 billion worth of USD Coin (USDC) … Read more
An indictment that was submitted by the Southern District of New York (SDNY) said that the founder of FTX who was detained, Sam Bankman-Fried, made political donations using the names of other individuals. Sam Bankman-Fried, also known as SBF, was taken into custody on December 12 Â by the authorities in the Bahamas. He … Read more
In Short In many instances, CTFC has referred to ETH, BTC, and USDT, amongst other cryptocurrencies, as commodities under the laws of the United States. Earlier, the chief executive officer of the CTFC, Rostin Behnam, stated that Bitcoin was the sole cryptocurrency that ought to be considered a commodity. The CTFC has filed a … Read more
The United States Commodities Futures Trading Commission has filed a lawsuit against the former CEO of FTX, Sam Bankman-Fried, as well as FTX and Alameda Research, alleging that they broke federal regulations governing commodities trading. According to Bloomberg (1), the regulator contends in its lawsuit with the Manhattan federal court that SBF and other FTX … Read more
Key Takeaways An investigation into possible instances of money laundering was initiated when a local bank noticed an uptick in deposits reaching more than 10 million yuan. The entire amount of money the Chinese government seized is equal to $18.6 million USD. The Chinese authorities have arrested 63 persons on suspicion of utilizing cryptocurrencies to … Read more
After involvement by the United States Federal Trade Commission, Microsoft’s plan to acquire Activision Blizzard, which was initially intended to be used in the construction of Metaverse efforts, was met with resistance and ultimately failed (FTC). In order to encourage equitable competition in the markets for high-performance gaming consoles and subscription services, the FTC attempted … Read more
As part of their investigation into Terraform Labs, the authorities in South Korea have placed a hold on about 104.4 million dollars belonging to the company’s co-founder Shin Hyun-Seong. Reports from local media outlets indicate that the Seoul Southern District Court has placed a temporary freeze on the funds that are suspected of having been … Read more
On Friday, an amendment document was released in connection with the United Kingdom’s Financial Services and Markets bill (1). This paper gives the impression that the United Kingdom’s government wants to regulate cryptocurrency and prohibit unlicensed service providers. The Minister of Financial Services, Andrew Griffith, made the following statement in the amendments paper: “to clarify … Read more
An FTX user found that his account, which utilized the 3Commas API, had traded the DMM: Governance token upwards of 5,000 times, resulting in the loss of approximately $1.6 million of assets. As a result, the leading provider of crypto trading bots, 3Commas, released a security warning in response to this discovery. How All This … Read more