New York AG sues Gemini, Genesis for $1 billion fraud
The New York Attorney General Letitia James filed the lawsuit against Gemini, Genesis and DCG on Thursday. It’s alleged the...
Regulation
Sui token struggles to regain despite denial of ‘unfounded’ allegations
Sui's native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators,...
Australia proposes new licensing regime for crypto exchanges
Exchanges with specific asset levels must obtain an Australian Financial Services License The draft legislation is expected to go out...
Tether freezes 32 addresses linked to terrorism in Israel and Ukraine
Key takeaways Stablecoin issuer Tether has frozen over 30 crypto addresses linked to terrorism and warfare in Ukraine and Israel....
South Korean exchange Upbit gets initial license nod from Singapore
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment...
California Gov. Newsom greenlights crypto regulation bill for 2025
California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to...
Secret Alameda recording reveals exact moment staff learned about FTX deposits
A 75-minute secretly recorded audio clip of Caroline Ellison has revealed the exact moment 15 former Alameda Research staff found...
New senate bill proposes to punish makers of AI-generated deepfakes
Unauthorized artificial intelligence-powered recreations of people’s voices and images would be banned under a proposed bill by a bipartisan group...
US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance...
Brazil’s Congress puts Binance CEO CZ in crosshairs for indictment
A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance...
Pro-crypto RFK Jr. leaves Democrats to campaign for U.S. president as independent
Pro-crypto candidate for the United States presidency Robert F. Kennedy, Jr., often known simply as RFK Jr., announced on Oct....
FTX used Python code to fake its insurance fund figure: Gary Wang
Crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund — a pool of funds...
House Republicans urge tighter export controls on advanced chips
On Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to...
Canada clarifies guidelines for stablecoins trading
Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges. Crypto platforms and issuers have to...
SBF was ‘very resistant’ to investors on FTX board: Paradigm co-founder
Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder...
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group...
Embattled crypto lender Celsius wants to start repaying customers by year-end
Key takeaways Celsius seeks to start repaying customers soon Embattled crypto lender Celsius Network is seeking court approval to start...
Class-action suit filed against Binance for alleged harm to FTX before its collapse
A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of...
DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management
The Department of Justice (DOJ) has confirmed its intention to summon former FTX clients, investors and staff as witnesses in...
SEC initiates legal action against FTX’s auditor
The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services...
Industry leaders and policymakers weigh in on a potential US gov’t shutdown
The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and...
SEC delays decision on ARK Invest and Global X Bitcoin ETFs
The SEC has delayed its decision on the ARK 21Shares Bitcoin ETF decision to early 2024. Also delayed is the...
