Cryptocurrency Analysis and News Portal
Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the
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A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of Bank Al-Maghrib (BAM), has said. Adoption of crypto by Moroccan residents is now inevitable hence a regulatory framework is
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Having been granted the opportunity to enjoy Christmas and the
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The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held before Dec. 31, 2021, and
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Gabriel Shapiro, the legal counsel at crypto company Delphi Labs and a US attorney with more than a decade of experience, has made his predictions for the coming year 2023. However, contrary to the crypto tradition of predicting the most lucrative altcoins, Shapiro is making his predictions in terms of
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Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location
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Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from
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The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from the FTX case after revealing that a law firm
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A joint task force from Italy and Albania recently busted a suspected crypto investment scam involving millions of dollars. Law enforcement authorities in Albania and Italy have uncovered a 15 million euro ($16 million) suspected crypto scam. According to reports, the Eurojust joint investigation team seized assets worth 3 million euros during
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President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties a period to adapt to
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