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Who’s snitching on the big crypto group chat?
I have been somewhat unsure of what to make about The Wall Street Journal and The New York Times’ reports about text messages, sent on Signal, between rivals Changpeng “CZ” Zhao and Sam Bankman-Fried around the time FTX went up...
Akon’s Wakanda, grazing goats and a crumbling crypto dream
Image source, Dave Simpson By Jonathan Griffin BBC Trending RnB singer Akon says his much-delayed plans for Akon City - an African metropolis on the Senegalese coast - are "100,000% moving". Although goats are currently grazing on the site, he...
Beware the 'pig butchering' crypto scam sweeping across America
New York CNN — The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars. “We’re not talking about what’s going on at farms,” said Frank Fisher, public affairs specialist at the bureau’s Albuquerque division....
Amid crypto turmoil, Hong Kong debuts first crypto futures ETFs - Reuters
HONG KONG, Dec 15 (Reuters) - Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of the sector's meltdown....
Crypto bank run vindicates watchdogs’ vigilance - Reuters
NEW YORK, Jan 5 (Reuters Breakingviews) - Alan Lane’s dreams may have collapsed, but his bank has not. Silvergate Capital (SI.N), a deposit-taker for cryptocurrency firms, said on Thursday that it had been forced to raise funds in a hurry...
SEC charges Sam Bankman-Fried with defrauding FTX investors as he built a crypto 'house of cards'
New York CNN — FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern District of New York. The 30-year-old...
Central African Republic delays crypto token listing, cites 'market ... - Reuters.com
LONDON, Dec 19 (Reuters) - The Central African Republic, which adopted bitcoin as legal tender in April, said on Monday it had delayed listing its national cryptocurrency token, citing "current market conditions" and "marketing reasons." A plan to list the...
G20 wants to build policy consensus on crypto assets - Reuters
BENGALURU, Dec 14 (Reuters) - The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds...
U.S. examining crypto wallets linked to FTX's Bankman-Fried ... - Reuters
Dec 30 (Reuters) - Federal prosecutors are looking into a series of crypto transactions that online analysts have tied to digital wallets associated with Sam Bankman-Fried, Bloomberg News reported on Friday, citing a person familiar with the matter. Prosecutors from...
Crypto lender Nexo to quit United States - Reuters
LONDON, Dec 5 (Reuters) - UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators. "Our decision comes after more than 18 months of good-faith...
Silvergate Capital's crypto-related deposits plunge in fourth quarter - Reuters
Jan 5 (Reuters) - Silvergate Capital Corp (SI.N) reported a sharp drop in fourth-quarter crypto-related deposits on Thursday as investors spooked by the collapse of FTX pulled out more than $8 billion in deposits, sending shares down more than 42%....
U.S. agency investigating crypto firms for misconduct - Reuters
WASHINGTON, Dec 5 (Reuters) - A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for "possible misconduct." The Federal Trade Commission spokesperson declined to name the firms or...
FTX secretly funded crypto news site - Axios - Reuters
Dec 9 (Reuters) - Cryptocurrency exchange FTX secretly funded media company the Block for over a year with money sent to the Block's chief executive, Axios reported on Friday, citing sources. The Block's employees were previously unaware of the payments,...
Germany calls for global regulation of crypto industry - Reuters
FRANKFURT, Dec 14 (Reuters) - Germany's top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson, the president of Germany's financial market regulator BaFin, said a...
U.S. SEC advises public companies on disclosing crypto impacts - Reuters
Dec 8 (Reuters) - The U.S. securities regulator on Thursday advised public companies to examine whether they need to disclose to investors any potential impacts from turmoil in the cryptocurrency industry. The guidance from the Securities and Exchange Commission's (SEC)...