SEC To Greenlight Spot Bitcoin ETF November 2? Lawyer Spots Clue

Scott Johnsson, a notable attorney from Davis Polk, has shed light on a potential clue regarding the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) on November...

10 months ago

Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Sam Bankman-Fried testified in his own blockbuster crypto trial again Monday, with prosecutors grilling the one-time crypto mogul about the many discrepancies between his public and private...

10 months ago

The U.K. government published its response to a consultation paper issued earlier this year, which outlined recommendations on how the crypto industry should be regulated.

UK confirms plans to regulate crypto industry with formal legislation

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities b...

10 months ago

The U.S. arm of Bittrex filed for Chapter 11 bankruptcy protection in May.

Crypto exchange Bittrex's U.S. shutdown approved at bankruptcy court

Crypto exchange Bittrex received court approval for its revised bankruptcy plan to wind down its U.S. operations. A court filing showed that Judge Brendan Shannon, at a ...

10 months ago

Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud.

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC

This move could prevent a lengthy trial if the judge rules in Terraform’s favor. In the motion, Terraform Labs and Do Kwon assert that the SEC has failed to provide ample evidenc...

10 months ago

Investors have been eagerly anticipating regulatory approval for a spot Bitcoin ETF, which is expected to trigger a fresh wave of institutional demand in the leading cryptocurrency.

Spot Bitcoin ETF Could Attract $3B on First Day and Up To $55B Over Five Years: Analysts

While estimating the potential cash inflow for such a fund remains a subject of debate among market players, projections range from $3 billion on its first day to a staggering $55 billion over a...

10 months ago

Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding to the toll.

Crypto thief steals $4.4M in a day as toll rises from LastPass breach

At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass. In an Oct. 27 ...

10 months ago

The legal fight between Terraform Labs and Citadel Securities over the 2022 UST stablecoin issue presents a complicated situation filled with accusations, calling for a careful and unbiased review to find out what really happened.

Citadel Securities accused by Terraform of acting in ‘bad faith’ over UST depeg incident

Citadel Securities is caught up in a legal issue with Terraform Labs, connected to the 2022 instability of the stablecoin UST. In a strong response to Terraform’s legal request, ...

10 months ago

MoonPay has announced a partnership with Mastercard, targeting Web3-based experiential marketing or new ways to connect with Mastercard’s consumers.

Mastercard partners with crypto payment firm MoonPay for Web3 services

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. MoonPay officially announced on ...

10 months ago

Bankrupt crypto exchange FTX wants to look into the millions it has given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war.

FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit artificial intelligence (AI) safety organization, the Cent...

10 months ago