Sam Bankman-Fried, the former CEO of the failed cryptocurrency exchange FTX, has been charged by federal prosecutors with attempting to bribe “one or more” Chinese government officials with $40 million in order to unlock $1 billion worth of digital assets that belonged to his hedge fund, Alameda Research.
Bankman-Fried currently
The world’s largest cryptocurrency exchange by volume, Binance, and its CEO Changpeng Zhao have been sued by the Commodity Futures Trading Commission (CFTC) on charges that they promoted the sale of unregistered derivatives to users in the United States.
Several alleged violations of CFTC regulations are made in the
A court document states that on March 14th, 2023, the U.S. government sold 9,861.1707894 Bitcoin for a sum of $215,738,154.98.
After transaction costs, the government received a profit of $215,522,416.83. The government also disclosed that there are still about 41,490.
A court document states that on March 14th, 2023, the U.S. government sold 9,861.1707894 Bitcoin for a sum of $215,738,154.98.
After transaction costs, the government received a profit of $215,522,416.83. The government also disclosed that there are still about 41,490.
Sam Bankman-Fried, the former CEO of the failed cryptocurrency exchange FTX, has been charged by federal prosecutors with attempting to bribe “one or more” Chinese government officials with $40 million in order to unlock $1 billion worth of digital assets that belonged to his hedge fund, Alameda Research.
Bankman-Fried currently
The world’s largest cryptocurrency exchange by volume, Binance, and its CEO Changpeng Zhao have been sued by the Commodity Futures Trading Commission (CFTC) on charges that they promoted the sale of unregistered derivatives to users in the United States.
Several alleged violations of CFTC regulations are made in the
In a recent report, the Biden administration highlighted their concerns for Bitcoin and cryptocurrencies, claiming that certain elements of the ecosystem for digital assets are problematic for consumers, the financial system, and the environment.
The Council of Economic Advisers’ annual publication, “Economic Report of the President,” explains the president’s
The Texas State House of Representatives has been presented with a bill that would completely protect and embrace the Bitcoin economy.
House Concurrent Resolution 89, sponsored by Rep. Cody Harris (R), and co-authored by Natalie Smolenski and Jason Brett of the Bitcoin Policy Institute, argues that the Chinese government’s
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the U.S. Treasury all declared on Sunday that they will take “decisive actions” to boost public trust in the nation’s banking sector. The FDIC and Federal Reserve came to this decision after recommending that Silicon Valley Bank (SVB)
The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives.
The bill reads:
No person shall be compelled to
The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm.
In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially
