Nicholas Truglia, the 25-year-old hacker who last year pleaded guilty to conspiracy to commit wire fraud, now faces 18 months in prison, Bloomberg News reported. Truglia had been facing up to 63...
Tag: Policy
Court orders crypto fraudster ‘Coin Signals’ to pay $2.8 million after CFTC suit
The U. S. District Court for the Southern District of New York ordered a crypto fraudster “Coin Signals” to pay $2.8 million in restitution to victims of a fraudulent scheme. The ord...
CFTC Chair Behnam walks fine line during Congress’ first FTX hearing
After crypto exchange behemoth FTX imploded in a matter of days, the chair of the Commodities Futures Trading Commission walked a fine line in continuing his call for the same legislation Sam Bankman-...
‘I wasn’t even trying to do risk management,’ Sam Bankman-Fried tells ABC
Sam Bankman-Fried claimed that he didn’t spend time doing any risk management at FTX in yet another interview following the exchange’s collapse. The now disgraced FTX co-founder stru...
Coinbase clarifies bug bounty policy in response to Uber extortion verdict
In a blog post on Nov. 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclo...
China signals slight Covid policy easing, without any major change
Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around ...
Nio and Li Auto monthly deliveries hit record numbers as China eases Covid policy
On Wednesday, November 30, shares of Nio Inc (NYSE: NIO), XPeng Motors (NYSE: XPEV), and Li Auto (NASDAQ: LI) all jumped by more than double figures percentage gains. The value of Chinese electric veh...
Coinbase shuffles APAC leadership, appoints new regional policy lead
Crypto exchange operator Coinbase today announced leadership changes in its Asia-Pacific team. The San Francisco-based company said in a blog post that John O’Loghlen, who joined as country dire...
Bitcoin trades over $17,000 following Powell’s speech, December decisions loom large
The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for markets. “It wil...
FTX’s collapse is ‘a Lehman moment’ for crypto: Yellen
Treasury Secretary Janet Yellen called FTX’s collapse “a Lehman moment” for the digital asset industry. “It’s a Lehman moment within crypto, and crypto is big enough that you’ve had substantial ...
FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto
Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren la...
‘I Don’t Think Energy Policy Matters Much Over The Long Run’
Jesse Ausubel is one of America’s top thinkers on science and energy. In my 2007 interview with him, … [+] reprinted here, he said, “I do not think energy policy matters much over th...
Watch Fed Chair Jerome Powell speak on the economy and monetary policy
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brooking...
Prosecutors seek arrest warrant for Terraform Labs’ co-founder Daniel Shin: Yonhap
Prosecutors in South Korea are reportedly seeking an arrest warrant for Terraform Labs co-founder Daniel Shin. The Seoul Southern District Prosecutors Office said Wednesday that it is seeking th...
Brazil’s long-awaited crypto bill inches to the finish line after seven years
After a series of legislative twists and turns spanning seven years, Brazil’s long-awaited crypto bill could finally reach the president’s desk. Brazil’s Chamber of Deputies vo...
Texas regulator wants Bankman-Fried testimony in securities case
Former FTX CEO Sam Bankman-Fried has a hearing date in Texas. The Texas State Securities Board wants Bankman-Fried to testify on Feb. 2 in response to an enforcement action issued today alleging...
Senior Senate Democrat wants crypto exchange info after FTX collapse
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the co...
The Block: Beto O’Rourke returns $1 million donation from Sam Bankman-Fried: Texas Tribune
Texas Democrat Beto O’Rourke is the latest politician to ditch a political donation from former FTX CEO Sam Bankman-Fried. The former congressman and gubernatorial candidate returned a $1 millio...
BlockFi has $355 million in digital assets ‘frozen’ on FTX
Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely ...
NHC Announces Elderly Vaccination Push, Real Estate Receives Policy TLC
China Last Night KraneShares Key News Asian equities had a strong day led by Hong Kong which had a stronger rally overnight than US listed China ADRs yesterday. We should see another positive day in U...
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
A lawsuit filed by crypto lender BlockFi demands Robinhood shares Sam Bankman-Fried is said to have pledged to the company as collateral, the Financial Times first reported. Bankman-Fried owned ...
Lummis casts doubt on Bankman-Fried-backed bill, plugs own solutions
In light of the FTX collapse, Sen. Cynthia Lummis, R-Wyo., sees a brighter future for her signature crypto legislation in the next congressional session. While noting that little action in Congr...
Kraken settles Iran sanctions violations with U.S. Treasury
Crypto exchange Kraken agreed to settle with the Treasury Department’s Office of Foreign Assets Control over the firm’s apparent violations of sanctions against Iran. Kraken, which volunta...
China might not make major changes to its Covid policy any time soon
A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China won’t likely make major changes t...
House lawmakers set first FTX hearing for Dec. 13
House lawmakers will begin their investigation into the collapse of crypto exchange FTX, and its broader impact on the digital asset industry, at a hearing scheduled next month. The House Financ...
CFTC chair defends bill that FTX’s Bankman-Fried also backed
Commodity Futures Trading Commission Chairman Rostin Behnam defended legislation backed by both himself and former FTX CEO Sam Bankman-Fried, arguing on Monday that if his agency gains authority over ...
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
Is Ripple Policy Head Asserting to Prioritize Utility ?
17 mins ago | 2 mins read Market News Ripple policy lead said that the FTX crash is a huge blow to the crypto sector. He said that the sector needs legislation that can increase confidence in the cryp...