Former Deutsche Bank investment banker Rashawn Russell has pleaded guilty to misappropriating funds from investors he deceived with promises of significant returns from cryptocurrency trading.  The U.S. Justice Department, on Tuesday, September 19, 2023, released a statement saying...

Stanford University is taking steps to return millions of dollars in donations it received from the now-bankrupt cryptocurrency exchange FTX and associated entities, according to a report by Bloomberg. A spokesperson from the University told Bloomberg that Stanford...

Union Bank of the Philippines (UnionBank) has announced that its customers will be able to buy and sell Bitcoin within its mobile app starting in October 2023.  This development follows UnionBank's receipt of a full VASP license from...

In a startling development, FTX Debtors have initiated legal proceedings against the parents of Sam Bankman-Fried (SBF). The debtors noted that the action was aimed at recovering substantial amounts of funds that could affect the Chapter 11 bankruptcy...

The National Bank of Kazakhstan (NBK) has unveiled plans to establish a dedicated agency to develop and implement the country's central bank digital currency (CBDC), the digital tenge. In an official statement released on September 15, the NBK...

Joseph Lam Chok, a prominent social media influencer and lawyer in Hong Kong, has been arrested by local police on suspicion of promoting an unlicensed cryptocurrency exchange and trading platform, JPEX.  Local newspaper South China Morning Post reported...

Bybit has announced that it will continue to seek options to maintain its presence in the United Kingdom even as a new regulation regime for virtual assets comes into effect in October 2023.  In a post on X,...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has officially begun the beta testing phase for its central bank digital currency (CBDC) interlinking solution. The cross-border financial settlements provider stated that three central banks, including the Hong Kong...

Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS...

Circle has announced a strategic partnership with Grab, a prominent ride-hailing and delivery company in Southeast Asia, to introduce Web3 payment services to consumers in Singapore. 1/ We are excited to unveil our partnership with @GrabSG to pilot...