Sam Bankman-Fried’s father reportedly advised his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors. Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward. According to a Jan. 12 report…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Nexo’s Bulgarian Offices Raided, Samsung to List Bitcoin Futures Active ETF in Hong Kong, Trezor Saw a 300% Spike in Sales Read more »Sign up for e-EUR –…
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A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Tuesday that Nikhil Wahi “was sentenced to 10 months in prison” in a “groundbreaking cryptocurrency…
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The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets The proposed asset purchase deal between the U.S. arm of cryptocurrency exchange Binance (Binance US) and…
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Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading to much less transparency and potential financial stability risk.” Fed Governor on Crypto, US Economy, and…
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The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law to include some issues that were left behind for its approval.…
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The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against NFT Rug Pull Scheme…
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Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties. Per Errepar, the bill has been spearheaded by Sergio Massa, the Minister for the Economy. The draft law aims to tighten the country’s money laundering rules. It will…
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Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued…. Read More: These Businesses Will be The Survivors of the Crypto Winter, Says a Top Financial Services Lawyer Read more…
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Four U.S. Senators said Sullivan & Cromwell was “simply not in a position to uncover the information needed to ensure confidence in any investigation or findings” regarding FTX. A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.…
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