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Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his claim that
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Binance announced that it would no longer service users in the Netherlands after the company failed to get a license from Dutch regulators. Binance has notified its Dutch customers about the company’s plan
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The crypto trader stopped receiving investments in June amid crypto market turmoil, and filed for liquidation last month. Damian Carerras, its owner and director, who is from Gibraltar, told the FT the company it had tried to recover funds, but had been the victim of cyber crime and theft. Source
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Embattled crypto miner Core Scientific looks to borrow $70 million from creditor B. Riley to offset a previous loan. Core Scientific recently secured permission from a bankruptcy court to take out a sizable loan from one of its biggest creditors. The Southern District of Texas bankruptcy court ruled that the blockchain
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French Parliament will discuss the amendment, canceling the favorable treatment
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During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only
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The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities. ESMA Launches Public Procurement for Providers of Crypto Trading
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More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central
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The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s
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