crypto regulations

Sam Bankman-Fried, the face behind crypto giants FTX and Alameda Research, acknowledged his awareness of the potential risks tied to the controversial decision to use the former's funds to repay the latter's debts. This concession came during the intense cross-examination by Assistant...

Amid an intense cross-examination by Assistant U.S. Attorney Danielle Sassoon, FTX founder Sam Bankman-Fried, testified on the third day of his ongoing trial that he mocked regulators with derogatory language in private. The embattled former billionaire also conceded Alameda Research...

Taiwan's legislative body, the Legislative Yuan, has taken initial steps towards cryptocurrency regulations with a new draft proposal — the Virtual Asset Management Ordinance — for the sector. Taiwan's move to draft this comes as discussions about...

Altcoins and the Tron (CRYPTO: TRON) network are the preferred avenue for deposits and withdrawals over major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), data shows. That's the case in at least one jurisdiction. In South Korea, DeSpread Research shows that...

Since the U.K. introduced new promotional regulations for crypto assets on Oct. 8, there have already been 221 breaches by various crypto firms. That's according to the Financial Conduct Authority (FCA). Regulators intended for the new legislation to provide consumers with accurate...

In the sprawling world of cryptocurrency, few names have been as synonymous with success and downfall as Sam Bankman-Fried. The founder of FTX was once a beacon of innovation in the digital asset space. He now finds himself embroiled in a scandal that has sent shockwaves throughout the financial...

Crypto fund Galaxy Digital projects a 74% spike in the price of Bitcoin (CRYPTO: BTC) next year if a U.S.-regulated spot Bitcoin ETF is approved. Galaxy's research underscores that a spot ETF would not only offer direct exposure to Bitcoin but also boast advantages over current investment...

Germany's financial regulator, BaFin, has issued a warning against cryptocurrency exchange MEXC for offering crypto custody services without the requisite approval. The warning accentuates the mandatory regulatory permission needed by entities to offer financial services within Germany. The...

Binance.US has altered its terms of use. The exchange now prohibits the direct withdrawal of U.S. dollars from its platform. According to an update posted by the exchange on Monday, users wishing to pull out their U.S. dollar funds must first convert these into stablecoins or other digital assets...

Israel has intensified efforts to disrupt Hamas' access to cryptocurrency market. What Happened: Financial Times reported that, since Hamas' Oct. 7 attack, dozens of cryptocurrency accounts have been closed and millions of dollars’ worth of crypto coins were seized. More than 100...

Stablecoin issuer Tether (CRYPTO: USDT) announced on Friday the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex...

Prominent U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) penned a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel expressing their concerns over the delay in implementing tax reporting requirements for crypto brokers. They emphasized the...

Fresh data from the cryptocurrency sector has sounded alarms in investment circles, as crypto venture capital (VC) activity saw a sharp decline in the third quarter of 2023. Both capital invested and deal count in the crypto domain are now at their nadir since the fourth quarter of...

In a revelation that has sent shockwaves through the crypto community, Caroline Ellison, a key figure in the trial of FTX founder Sam Bankman-Fried, on Wednesday disclosed her role in preparing not one, but seven different balance sheets for Genesis, months before the company's bankruptcy...

Amid the ongoing trial of FTX (CRYPTO: FTT) founder Sam Bankman-Fried and allegations of misusing customer funds, newly revealed content from an ongoing court case indicates that the founder contemplated discontinuing Alameda Research's operations in 2022. What Happened: During the trial,...