Cuffed while being escorted from the Manhattan court, the FTX founder will await his October trial behind bars instead of the Palo Alto mansion of his parents. The judge’s decision came after Bankman-Fried gave the New York Times private papers belonging to Caroline Ellison, his former girlfriend and CEO of Alameda Research, a hedge fund…
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This lawsuit details how the defendants, which include industry knowns such as Temasek, Sequoia Capital, and Sino Global, used their influence and financial standing to help launch FTX and enable the multibillion-dollar disaster that affected countless people. It also alleges that these VCs painted a false picture of FTX, based on supposed diligent vetting. Temasek…
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Co-founded by Open AI’s CEO, Sam Altman, this initiative aims to protect economic privacy while defining humans from AI entities. All people can get WLD – all they have to do is visit orbs presently located in certain cities throughout the world, identify themselves and scan their irises to verify personhood. By doing this, a…
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Additionally, the cancellation of the company’s AFS license does not affect requirements stemming from its membership with the Australian Financial Complaints Authority, and to have arrangements for compensating retail clients. The official announcement also detailed that John Mouawad, Scott Langdon and Rahul Goyal of KordaMentha were appointed as voluntary administrators of FTX Australia and its…
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Likewise, the Commodities Futures Trading Commission (CFTC) brought similar charges against the crypto lender and its founder. The CFTC asserted that Celsius and Mashinsky operated an extensive commodity pool scheme involving digital asset commodities. The derivatives regulator announced a settlement agreement with Celsius, which includes a court order permanently prohibiting the company from engaging in…
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Introduced in July 2022, the legislation expands the authority of regulators over the financial system, encompassing cryptocurrencies. The bill underwent parliamentary discussions, amendments were incorporated to classify all crypto-related activities as regulated and to oversee crypto promotions, as well. Furthermore, the bill brings stablecoins to the existing framework of payment regulations. HM Treasury added in…
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He added: With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an…
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Binance has not yet commented on the denied license bid, however, a spokesmen for the company only shared that "ongoing process" and the exchange continues “to work to meet Bafin's requirements." It is unclear whether the rejection is formal or whether the German regulator has expressed their intention in ongoing discussions. Binance has been facing…
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Regulatory licence momentum The latest registration in Spain for Crypto.com continues the cryptocurrency platform’s momentum of gaining regulatory approvals in the UK, France, South Korea, Singapore, Italy, Australia, and other regions. The company recently obtained a Major Payment Institution (MPI) licence for Digital Payment Token (DPT) from the Monetary Authority of Singapore (MAS) in Singapore.…
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Ripple’s CEO, Brad Garlinghouse said: Singapore is a leading global financial center, and a prominent gateway to business in Asia Pacific. We’re incredibly proud to receive an in-principle license from the MAS, reaffirming our commitment to the region and ongoing proactive engagement with regulators globally. The MAS continues to be a global leader in establishing…
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