CFTC Plans to Sue Sam Bankman-Fried for Fraud: Report
The report comes after the SEC filed charges against Bankman-Fried for defrauding FTX investors.
The report comes after the SEC filed charges against Bankman-Fried for defrauding FTX investors.
Crypto traders were monitoring the U.S. government’s monthly inflation report for signs of whether the Federal Reserve’s monetary-policy tightening this year is helping to slow the pace of consumer price increases.
Binance users in the U.S. are now able to use the exchange’s payments system, Binance Pay, to send money on their mobile app.
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 13, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The South Korean company intends to use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country’s independent crypto networks.
The company failed to disclose that some of its mining equipment was owned through special purpose vehicles, the suit alleges.
The bank downgraded the trading platform to neutral from buy, with a lowered price target of $10.
Canadian bitcoin mining firm Hut 8 (HUT) has hired Shenif Visram as its new chief financial officer (CFO), replacing Shane Downey who leaves the company following a 20-month tenure.
Bitcoin’s dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.
Bitcoin adoption will need to be driven by the development of real uses rather than speculative interest, the report said.
The country’s securities regulatory body will consider enforcement action if crypto companies do not comply.
Bankman-Fried illegitimately used customer funds to support his lavish lifestyle and make political donations, the regulator alleged.
Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said.
The unwinding of Sam Bankman-Fried’s sprawling empire is proving as unwieldy as the company itself.
Binance hits $1.8 billion in withdrawals, while BNB drops 8% and value departs BSC-based DeFi protocols.
House Financial Services Committee Chairwoman Maxine Waters said she was ‘surprised’ and ‘disappointed’ to hear of SBF’s arrest.
The upgrades include permissionless trading and improved user protections amid to widens accessibility of DeFi among retail investors, according to Singapore-based SynFutures.
Federal judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token-holders at Ooki DAO.
Binance endured $902 million of net outflows in the past 24 hours, according to data by Nansen.
During a panel discussion at Taipei Blockchain Week, Darius Sit noted the continued institutional adoption of the crypto options and derivatives market, among industry high points; former FTX CEO Sam Bankman-Fried arrested.
The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, a press statement said.
Former FTX CEO Sam Bankman-Friend has rebuffed attempts from the top members of the Senate Banking Committee to get him to testify, despite a willingness to participate in several other interviews and a similar hearing in the House of Representatives.
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.
Industry woes widened on Monday with a Reuters report that U.S. prosecutors are considering criminal charges against Binance and individual senior executives, including CEO Changpeng Zhao. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
The SEC is holding firm that its decision to reject Grayscale’s bitcoin ETF bid was proper.
SCV will try to maintain a “bare minimum” of security across the Terra ecosystem.
The partnership between a fortune cookie advertising agency and the bankrupt crypto exchange is an unfortunate relic of the past.
FTX CEO John Ray III is scheduled to testify before the House Financial Services Committee on Tuesday.
The crypto wallet labeled “Oldwhite” on OpenSea is connected to over 1 million staked LINK tokens, blockchain data shows, even though Chainlink officials tried to get “greater inclusion” from a broad base of participants by limiting each wallet to 7,000 LINK tokens.
Balaji Srinivasan says modern states are geographically concentrated but ideologically un-aligned. So what about states where online communities are in lockstep but geographically dispersed? That’s the idea behind his new book, one of the big crypto-themed ideas of the last year.