CRYPTO POLICY

A long-time friend's testimony reveals startling revelations, exposing complex alliances and high courtroom tension in the gripping SBF trial.

This latest development on Coinbase and Ripple Labs' operations in Singapore marks a crucial stride toward wider adoption of digital assets in the country and in the world.

Alex Mashinsky's legal team has nearly a year to prepare for the trial of the former Celsius founder and CEO on criminal fraud charges linked to the billion-dollar collapse of the crypto lending platform.

Nir Lahav, a cryptocurrency investor, filed a class-action lawsuit against Binance and Zhao on Monday for allegedly violating the Securities and Exchange Act, as well as the California Unfair Competition Law, in the U.S. District Court for the Northern District of California.

The second day of the trial proceeded with opening statements from the defense and prosecution, painting different images of the defendant.

District Court Judge Analisa Torres said Tuesday she found no "substantial ground for difference of opinion" in her earlier ruling and disagreed that an appeal would help advance the case to a conclusion. XRP saw an immediate surge in its value, recording over 8% gain after the news broke.

Three former members of Bankman-Fried's inner circle, also known as his 'generals,' and who had previously pleaded guilty to fraud charges, are expected to testify.

Besides reaffirming its dedication to security and user protection, Bad Idea AI took a significant step by undergoing a thorough CertiK audit to address these concerns.

Since bad actors do not register their accounts under the names of criminal organizations, Binance said it works with authorities and "leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations."

While Celsius last month announced that 95% of its customers voted for the recovery plan, a recent report claimed some parties were opposed to the plan, particularly those to whom the company owed.

Unknown to many, Bankman-Fried had a six-hour dinner with U.S. Senate Majority Leader Mitch McConnel to offer the senator his help in funding Republican candidates at odds with Donald Trump.

Over the next two quarters, investor interest in the digital asset industry may reignite, fueled by the Bitcoin Halving event and the impending SEC decision on spot Bitcoin ETFs.

Gemini will "sell any remaining crypto assets on the open market" of Dutch customers who fail to withdraw their funds before the deadline.

Brad Garlinghouse expressed his gratitude to the XRP community for its unwavering support.

The SEC included the conversation between Kwon and Shin in the documents filed in court as part of its efforts to depose the TFL CEO in the United States.

He will be held in prison for four months, and while there, liquidators will engage him in an investigation related to the failed crypto hedge fund, which will reportedly include the recovery of assets that belong to the business or were acquired using its funds.

The major Wall Street regulator charged international accounting firm Prager Metis with violating auditor independence rules as well as "aiding and abetting" its clients for violating federal securities laws.

The positive price movement could be attributed to the anticipation surrounding the Ethereum Futures ETF applications, which according to analysts, could launch as early as next week.

Bankman-Fried is currently facing seven counts of fraud and conspiracy related to the collapse of the crypto empire he founded. His criminal trial will begin on Oct. 4.

Kraken's EMI license allows the exchange, in partnership with European banks, to offer its EUR fiat services to 27 EU member states and EEA countries.

Industry analysts made a positive prediction on the approval of Ethereum ETFs and have upped the odds of the likelihood of the U.S. having its first ETH futures ETF in early October.

Kwon's legal team said that the SEC's request to question the TFL co-founder in the U.S. before Oct. 13 is impossible because he is currently detained in Montenegro without any scheduled release or date of extradition.

The CEO of Cake DeFi claimed Tether had restricted certain Singapore-based customers from redeeming the stablecoin due to altered terms of service, though this policy change had been in effect since 2020.

The price of Bitcoin immediately dropped following the announcement by the SEC.

The judge's decision was a part of a series of his rulings in a 16-page pretrial order Tuesday where he formalized the evidence admissible in court during Bankman-Fried's fraud trial next month.

In the months since his empire collapsed, Bankman-Fried has been throwing Caroline Ellison under the bus.

The lawsuit, filed last week in the United States Bankruptcy Court for the District of Delaware, alleged that Salameda was actually controlled by Bankman-Fried and the defendants took part in the fraudulent withdrawal of assets from FTX in the days leading to the filing of Chapter 11 bankruptcy in November 2022.

Menendez is a popular name within the cryptocurrency community and his latest indictment is a stark contrast to his position toward Bitcoin, the world's first-ever crypto asset.

Bybit made a similar announcement in May, informing its customers in Canada of the suspension of its operation in the country due to "recent regulatory development."