The jury didn’t take long to return its verdict on several charges The former head of FTX crypto exchange, Sam Bankman-Fried, faces decades behind bars after being convicted of seven criminal charges, including securities fraud, money laundering and wire fraud, after the jury deliberated for five hours. Prosecutors aimed to demonstrate that Bankman-Fried was the
PayPal continues to move deeper into the crypto space following its success in the US Worldwide payments platform PayPal has acquired authorization from the Financial Conduct Authority (FCA) to deliver crypto services to customers in the UK. PayPal has been approved to provide “certain crypto asset activities” in the UK starting on October 31, according
The payment is part of a planned reimbursement following the platform’s collapse Crypto wallets linked to the now-bankrupt FTX crypto exchange and sister firm Alameda Research have transmitted more than $13 million in various altcoins to multiple crypto exchanges as of November 1. Data from on-chain analysis company Spotonchain indicates the FTX wallet initially transferred
The document that started a financial revolution is celebrating its birthday 15 years ago, Bitcoin creator Satoshi Nakamoto shared the Bitcoin white paper with a list of cryptographers on October 31, 2008. The idea of cryptocurrency officially became mainstream conversation, and continues to slowly grow today. “I’ve been working on a new electronic cash system
The unhackable password protection app continues to see users lose their crypto September estimates disclosed that a minimum of $35 million in crypto was stolen from targets of the LastPass breach since the 2022 hack, with the most recent breach adding to the total. At least 25 users have reportedly lost $4.4 million in crypto
A Mexican lawmaker believes it’s time to bring cryptocurrency into mainstream finance Mexico Senator Indira Kempis caused controversy when she introduced legislation in 2022 to produce a central bank digital currency (CBDC). She’s now making Bitcoin the focus of her current political efforts. The congresswoman from Nuevo León previously had little Bitcoin knowledge. Still, her
MasterCard continues to explore different ways to extend its cryptocurrency reach MasterCard resumes examining cryptocurrency benefits in its new partnership with the MoonPay crypto payment platform. The collaboration with MasterCard was announced by MoonPay on October 25, and aims to examine how Web3 tools can enhance experiential marketing or find new methods to link with
The company will allow some customers in certain markets to retrieve their funds BlockFi has announced it will begin paying back US and international creditors, according to a blog post on October 24. Withdrawals “are currently available to nearly all Wallet customers,” says the post, which also declares that BlockFi Interest Account (BIA) and Loan
Social media posts that recently hinted at new withdrawal caps may have been fake The Coinbase cryptocurrency exchange has denied rumors that it had assessed a $5,000-per-week maximum on Bitcoin withdrawals after a customer post on social media claiming the new limit was valid started to gain momentum. A user made the claim in an
A lawyer following the long-running battle says the SEC has virtually no chance of winning The US Securities and Exchange Commission (SEC) recently dismissed its charges against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency company Ripple, while the regulator also received an unfavorable ruling on the retail sale of XRP. Now, lawyer
The battle between the SEC and Ripple comes to a surprising conclusion after two years Attorneys for the US Securities and Exchange Commission (SEC) disclosed that they aim to dismiss all claims against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency project Ripple. In the filing in the US District Court for the
The FDIC’s inspector general wants the agency to step into crypto regulations An evaluation report on the Federal Deposit Insurance Corporation’s (FDIC) cryptocurrency asset risk strategy was published by the United States Office of the Inspector General, with a redacted version recently made public. The OIG said that a “bottom-up” strategy to crypto risk was
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