The problem, according to the Feds, started when the senior leadership of the bank shifted its strategy and focused on "customers engaged in crypto activities," underlining that the institution took too big of a risk in one industry.
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.
One of the upgrades involves the use of nBTC, which is intend to not only streamline and decentralize available methods of bringing Bitcoin into the Cosmos Network, but also empower users.
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.
The trial of Sam Bankman-Fried, the former CEO of one of the cryptocurrency industry's biggest exchanges, begins Tuesday to determine whether he committed massive fraud against more than a million clients.
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.
What Ryoshi and Kusama did not explicitly reveal to the Shib Army was the groundbreaking role of Shibarium in revolutionizing SHIB, the native token of the ecosystem. This was pointed out by Bitrue chief strategy officer Robert Quartly-Janeiro.
Aside from the report, the committee recommended that the Directorate of Criminal Investigations start probing Tools for Humanity Corp and Tools for Humanity Gmbh, two companies affiliated with Worldcoin, for allegedly operating in Kenya illegally.
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.
Google Cloud, a suite of public cloud computing services offered by search engine giant Google, is now an official validator for the layer-2 blockchain Polygon proof-of-stake (PoS) network, joining more than 100 other validators in securing the network.
The timing of the transfers raises suspicions within the crypto community, especially since Sam Bankman-Fried's first criminal trial is scheduled for Oct. 4.
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 collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock waves worldwide, with regulators still seeking to get to grips with the sector.
Four patent applications filed this month underlined PayPal's interest in layer-2 and non-fungible tokens.
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.
Data collated by 21.co, the parent company of 21Shares, from blockchain ecosystem analytics Dune highlighted that wallet addresses linked to Lazarus Group currently hold approximately $46.14 million in digital assets.
He was the face of cryptocurrency, and a young one at that -- a media darling seemingly destined to unite the sector.
Sam Bankman-Fried, once the most respected face of crypto currency, goes on trial Tuesday in federal court facing seven counts of fraud that could see him spend decades in prison.
While Sun confirmed that HTX, formerly Huobi, lost $8 million due to a hack, he noted the sum represents just two weeks' worth of the exchange's revenue.
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.