Coinbase received 12,320 law enforcement requests for the year through Sept. 30, a 66% increase. The majority, 43%, of requests came from the U.S., followed by the UK, Germany and Spain, accordi...
Tag: Policy
‘Overbooked’ Sam Bankman-Fried to testify before Congress virtually
Former FTX CEO Sam Bankman-Fried will testify virtually before Congress on Tuesday, saying he can’t travel to Washington, D.C. due to his busy schedule and security concerns about paparazzi. “I&...
Litecoin’s defense for the new inflationary policy- LTC price reacts accordingly
The LTC prices took a step back after the central bank announced to increase the interest rates by 50 base points. The volume increases by more than half times. PayPal expands crypto services to Lux...
U.S. Justice Department weighs charging Binance and its executives: Reuters
The U.S. Justice Department is continuing to weigh up charging crypto exchange giant Binance for possible money laundering and criminal sanctions violations, according to Reuters. It is also l...
Tesla Might Get Relief After Zero-Covid Policy Restrictions Getting Away
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Grayscale says SEC filed first legal brief in ongoing bitcoin futures ETF lawsuit
Grayscale Investments said the U.S. Securities Exchange Commission has filed its first legal brief in the lawsuit the crypto asset manager filed over the rejection of its application for a spot bitcoi...
Bank of England opens bids for CBDC sample wallet proof of concept
The Bank of England is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. While the bank said it will not develop a us...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
China Stocks Climb Again; Investors See More Benefits Than Risk In Covid Policy Shift
Hope among stock investors for improved economic growth in China has helped to lift the fortune of … [+] the country’s third-richest man, Tencent Holdings CEO Ma Huateng, by $11 billion si...
U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg
U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with...
Congressional committee confirms SBF as FTX hearing witness
Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. &#...
Apple’s New Encryption Policy Is a Huge Boon for Crypto
The new Apple systems will benefit crypto more directly in two other ways. First, they will have some direct impact on the security of things like crypto keys and wallets. Whether through negligence o...
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
OpenSea tweaks policy on NFTs royalties after early criticism
The leading marketplace for nonfungible tokens OpenSea has announced another slew of changes to its approach revealed in early November toward enforcing viable creator royalties on NFTs projects. This...
Sam Bankman-Fried ghosts Senate for testimony on FTX collapse
Former FTX CEO Sam Bankman-Fried and his attorney did not respond to the Senate Banking Committee’s demand that he testify or otherwise cooperate with an investigation into his failed corporate ...
Europe’s Energy Outlook Imperiled By Policy Myopia
gas price increase, euro banknotes burn in the gas flame, symbolic concept for rising energy costs, … [+] money in the fire, close-up, higher expensive rate for energy getty Europe’s winter – li...
Legislators propose federal reports of gas emissions for crypto miners
Three U.S. lawmakers introduced a bill that would ask the Environmental Protection Agency to study crypto mining activity and require that miners that use more than 5 megawatts of power submit informa...
SEC wants firms to disclose if they have crypto exposure
The U.S. Securities and Exchange Commission wants companies to publicly disclose if they have exposure to crypto assets, including whether they do business with any crypto-related companies. Th...
Watchdog group wants FEC investigation into Bankman-Fried donations
A campaign watchdog group is using Sam Bankman-Fried’s claim that he was a secret GOP megadonor to file a complaint with the Federal Election Commission. The nonprofit Citizens for Respon...
Senators question U.S. banking regulators on crypto exposure
Two U.S senators have written to agencies tasked with supervising the financial sector to seek details about banks’ exposure to cryptocurrencies. Sens. Elizabeth Warren, D-Mass., and Tina ...
CFTC and crypto lawyers duke it out over service in Ooki DAO case
How do you sue a DAO? The question has been at the heart of the case the Commodity Futures Trading Commission is bringing against Ooki DAO, a decentralized autonomous organization that the agency alle...
Former CFTC Commissioner Takes Up Head of Policy Role at Andreessen Horowitz
Crypto venture capital firm Andreessen Horowitz, also known as a16z, today announced that Brian Quintenz has assumed the full-time role of head of policy. Formerly a commissioner of the Commodity Futu...
Senate Banking Committee calls on Bankman-Fried to testify on Dec. 14
The U.S. Senate Banking Committee wants Sam Bankman-Fried to testify on the collapse of his crypto exchange, FTX and linked trading firm, Alameda Research. “As the Founder and CEO of FTX ...
Pro-fintech Republican McHenry officially named next House Financial Services chair
Rep. Patrick McHenry, R-N.C., has been named the next chair of the House Financial Services Committee. The House Republican Steering Committee, which determines committee leadership positions, m...
Celsius must return $44 million in crypto to users: Bloomberg
Crypto lender Celsius Network must return around $44 million worth of crypto back to customers, even if it didn’t enter Celsius’s interest-bearing accounts. Chief Bankruptcy Judge M...
Judge dismisses crypto lawsuit against Kim Kardashian, Floyd Mayweather Jr.: CNBC
A federal judge dismissed a proposed class-action lawsuit against EthereumMax founders and celebrity promoters, including Kim Kardashian and boxer Floyd Mayweather Jr., CNBC reported. Plaintiff ...
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
China’s Zero-Covid Policy Succeeded—Until It Didn’t. Here’s What Went Wrong And What Experts Think Could Happen Next.
Topline China announced it was relaxing some of its strictest Covid restrictions on Wednesday, a major policy shift that suggests Beijing is preparing to abandon its zero-Covid strategy in favor of le...
Congressman Will Pay Over $14K Fine for Violating Crypto Policy
Madison was found violating the rules of Legislators. Madison Cawthorn, a Republican representative of North Carolina, has been instructed to compensate more than $14,000 for his involvement in a cr...