Lawyers for Sam Bankman-Fried claim that his alleged sharing of Caroline Ellison’s diary with the New York Times does not amount to witness tampering.
Category: Regulation News
FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy.
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent […]
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda […]
Ukraine demands local crypto businesses to provide financials
Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said.
Nigeria’s SEC warns against trading on Binance
The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal.
Chinese city implements plan for blockchain digital infrastructure system by 2025
The government of Shanghai has implemented a strategic plan to develop its urban blockchain digital infrastructure system between 2023 and 2025.
US defense bill may be problematic for USDC and stablecoins: Analysts
A proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to comply with, said Berenberg analyst […]
Borneo authorities seize illegal crypto miners running off stolen power
A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo.
Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens.