Sam Bankman-Fried has been sent to jail until October for tampering with a witness. His ex-girlfriend Caroline Ellison is assisting the government and he has been trying to discredit her with leaks.
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PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.
Worldcoin's World App has come under a lot of strain today as millions of global users scramble to receive a Worldcoin Grant currently worth around $20. It's the first Grant after the Genesis Grant.
The FTC has charged three former executives of the bankrupt crypto company Celsius for tricking customers into sending funds to its platform using misleading promises. The case will go to court.
The UK Treasury Committee has said consumer trading and investing in crypto should be regulated as gambling rather than as a financial service. It said crypto has no intrinsic value.
The US DoJ's National Cryptocurrency Enforcement Team says it's going after companies that offer mixing and tumbling services to help criminals launder their money. It hopes to clean up the sector.
The Department of Justice has opened an investigation into Binance for helping Russians skirt the US sanctions. This is not the first time Binance has come under fire for violating sanctions.
Users of AT&T email accounts are facing a wave of hacks by bad actors who are seeking to steal cryptocurrency, by utilising API issues in the service to take control of email addresses.
Linus Tech Tips, which has over 15 million subscribers, was hacked and taken over this morning by a group that used it to run cryptocurrency videos that feature Twitter CEO Elon Musk.
It looks like Microsoft wants to supercharge its browser with another head-scratching feature: a built-in "non-custodial crypto wallet" for storing your digital crypto tokens and NFTs.
After shutting down its operations in Singapore in late 2021 due to lack of compliance in crypto regulations, Binance is again opening its doors and reviving its crypto permit bid in Singapore.
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Nishad Singh, former FTX exec and part of the "inner circle" has pleaded guilty to criminal charges in the SBF probe. Singh was involved in code writing, political donations, and fund transfers.
Crypto exchange Luno has decided to cut 35% of its staff as economic headwinds take their toll. Luno is one of the many subsidiaries of Digital Currency Group, which also owns ailing Genesis.
The crypto firm Genesis has filed for Chapter 11 bankruptcy in New York, the company said. Three Genesis subsidiaries are involved but some others are not. It plans to get through the process quickly.
A new Pokémon-themed malware campaign has been discovered online. While it disguises itself as a trading card game where players can earn NFTs, it actually downloads a remote access tool.
The US Department of Justice has launched a website with contact details so that FTX victims can reach out. It could help Sam Bankman-Fried's victims recover the funds they lost access to on FTX.
The Bahamian authorities have disclosed that they're holding on to $3.5 billion worth of FTX's assets. It took control of them following the company's bankruptcy so they don't go missing.
Sam Bankman-Fried is unlikely to get a favourable deal from prosecutors, lawyer Mark Kasten has said. SBF would have to help in the prosecution of another bad actor but that's unlikely to happen.
Microsoft now prohibits crypto mining on its cloud solutions. It said that the move was taken to help protect other customers as mining can cause disruption and impairment to its network.
Sam Bankman-Fried has been arrested in The Bahamas at the request of the United States. It's likely that the U.S. will ask for him to be extradited to face charges related to FTX's mismanagement.
The U.S. Justice Department is still divided on whether to pursue charges against the world's largest cryptocurrency exchange, Binance. Prosecutors are looking to see if it laundered money and more.
A member of the European Central Bank board, Fabio Panetta, stated an urgent requirement for regulations in the crypto sector. This comes after the collapse of FTX and rising volatility for crypto.
Jim Cramer, from CNBC's Mad Money, called former FTX CEO Sam Bankman-Fried a "pathological liar" and "con man" following the CEO's first interview since FTX filed for bankruptcy last month.
Kraken has announced it's cutting 30% of staff as it tries to endure the crypto winter. Just like non-crypto companies, Kraken is having to make tough decisions due to macroeconomic conditions.
BlockFi has filed for Chapter 11 bankruptcy just weeks after halting withdrawals. Customers with assets on the platform should be able to file claims during the process to retrieve some assets.
New York state has passed a law which puts a moratorium on crypto mining that relies on fossil fuels. Miners that use renewable energy will still be able to continue mining in the state.
The Singapore state-owned investment firm Temasek Holdings has decided to write down its investment of $275 million in the collapsed crypto exchange FTX. It said that its belief in SBF was misplaced.
The UK government is hitting those who sell crypto by lowering the Capital Gains Tax tax-free allowance. It'll be reduced in 2023 and then again in 2024 so those who sell assets pay more tax.
El Salvador President Nayib Bukele has said the country will buy Bitcoin every day starting tomorrow. The price has fallen 75% since reaching an all-time high last year. Bitcoin is currently $16,521.
The financial regulators in the Bahamas have won a court ruling and appointed liquidators for the FTX unit in the country. The company currently has more than $13 billion in liabilities.
Glassnode has reported huge outflows of Bitcoin from exchanges to self-custody wallets. It comes following the collapse of FTX. More investors now realize it's not safe to leave funds on exchanges.
Visa has terminated its global debit card agreements with FTX, which has now declared bankruptcy. The Bahama-based crypto exchange platform had launched crypto debit cards with Visa in October 2022.
Following the recent bankruptcy filing by cryptocurrency exchange FTX, there have now been investigations opened into abnormalities, with findings of assets being moved in "suspicious circumstances."
FTX has filed for Chapter 11 bankruptcy and Sam Bankman-Fried has stepped down as CEO. The firm will now try to monetize its assets to pay back stakeholders, including those who lost their assets.
BlockFi has paused crypto withdrawals on its platform due to the serious liquidity issues over at FTX. BlockFi didn't explain how it's affected by FTX's downfall, but said it'll post updates.
Binance has backed out of a non-binding deal to provide FTX with liquidity. The decision came after the SEC said it was going to be investigating FTX to see whether it broke any rules.
Bitcoin has seen large moves in its price today. It reached $17,229 which is the lowest price it has been at in about two years. It comes as the FTX crypto exchange experiences liquidity issues.
The Ethereum Merge that took place in September led to scams rising significantly, according to Chainalysis. The countries most affected by the scams were the United States and India.
The Jack Dorsey tweet NFT, which originally fetched Dorsey $2.9 million, has refused to up its value. The current bid is not even remotely near the price Estavi paid to get his ownership tag on it.
UK policy makers have proposed an amendment to the Financial Services and Markets Bill to recognize cryptocurrencies as regulated financial instruments and products in the country.
