Sam Bankman-Fried Released on a $250M Bail allowed to Stay at Parents’ House
The former FTX CEO can stay at his parents’ home in California. FTX founder Sam Bankman-Fried is to be released on bail, as ruled by a New York federal judge…
Binance Assists the DEA in Tracing Illicit Funds
Binance was used by a global drug cartel to launder millions of dollars. From $42 million in crypto, at least $16 million of which came from drug money.Binance, a major…
Firms Auditing Crypto Firms Being Watched Closely by U.S SEC
The SEC has voiced worry about investors being given a false sense of security.A number of cryptocurrency exchanges have advocated publishing evidence of reserves.Audit firms doing crypto company audits may…
Twitter Introduces Bitcoin And Ethereum Price Index Feature
Twitter’s Business account announced the launch of this new feature.So far, Bitcoin and Ethereum are the only two cryptocurrencies with available price charts.It is now possible to look for the…
Congressman Propose ‘Keep Your Coins Act’ say it Will Protect Self-Hosted Wallets and prevent FTX type crisis.
U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which…
Elon Musk says he will hand over when he finds a ‘Foolish Enough’ Person for Twitter CEO
Twitter might soon have a new CEO after over 10 million users said they want Elon Musk to step down from that role. Elon Musk said he will appoint a…
Crypto Will be the reason for the Next Financial Crisis, Says RBI Governor
Shaktikanta Das, the RBI head says, the next financial crisis will be caused by private cryptocurrencies.Das asserted that the introduction of the CBDC will aid the Indian economy.Shaktikanta Das, the…
United States Democratic Senators PAC Plans To Return $3M in Donations From FTX
Ex-FTX engineering chief Nishad Singh gave $2 million.During the midterm elections, SBF was the Democratic Party’s second-largest contributor. The Democratic Senate Majority PAC plans to return $3 million in contributions…
Celsius Network Gets Bidders for Its Assets
Celsius has received more than 125 parties including 30 prospective bidders since September. The platform held crypto worth $2.6 billion as per a recent presentation. Celsius Network, the bankrupt crypto…
South Korean Authorities Seize $92 Million Worth Assets belonging to Do Kwon
Kernel Labs is a subsidiary of Terraform Labs. Seoul Southern District Court granted the prosecution’s plea to seize the assets.Authorities in South Korea and elsewhere continue to look for Do…