On Wednesday, the U.S. Securities and Exchange Commission (SEC) filed a complaint stating that FTX's exchange token, FTT, was sold as an investment contract and is considered a "security." This move is expected to have significant implications for the...
Caroline Ellison, the former CEO of Alameda, has been granted bail by the United States Department of Justice after pleading guilty to criminal charges related to the collapse of FTX. Ellison is facing a total of seven charges, including...
The United States Securities and Exchange Commission (SEC) has announced plans to increase oversight of audit firms that work with cryptocurrency companies. In an interview with the Wall Street Journal, Paul Munter, the SEC's acting chief accountant, warned investors...
Sam Bankman-Fried (SBF), the founder of the now-bankrupt cryptocurrency exchange FTX, has finally arrived in the US. He is set to appear in a New York City court later today, where he will face charges that could result in...
The cryptocurrency market has remained stagnant, with Bitcoin stuck below the $17,000 mark and showing minimal movement. Earlier this week, Bitcoin experienced a significant correction as its value plummeted to a three-week low of $16,300, and this trend is...
On December 12, 2022, Samuel Bankman-Fried (SBF), the former CEO of the now-bankrupt FTX Group, a cryptocurrency derivatives exchange, was arrested in the Bahamas. This news came just one day before he was set to testify before the House...
FTX, one of the largest cryptocurrency exchanges in the world, filed for bankruptcy last month. The collapse of the exchange caused millions of dollars to be wiped from the cryptocurrency market and had a contagion effect on affiliated firms. ...
The United States Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) have brought new fraud allegations against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, former co-founder of FTX. This follows the duo's guilty...
Layer 2 activity has seen significant growth and has even surpassed Layer 1 Ethereum activity in certain performance metrics, such as transactions per second. Compared to Ethereum, Layer 2 networks have a higher total number of transactions per second...
The California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to halt the sale of its various cryptocurrency products due to alleged violations of state securities laws. The DFPI alleges that MyConstant's offering...
