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...
The government of British Columbia in Canada has announced that the state-owned electric utility company, BC Hydro, will not accept any new electricity connection requests from cryptocurrency miners for the next 18 months. The British Columbian government made the...
Republican Senator Pat Toomey is making the most of his final days in Congress by introducing a new stablecoin bill that he hopes will serve as a framework for future stablecoin regulation. According to a press release, he said,...
According to a tweet from Gemini co-founder Cameron Winklevoss, Gemini is part of a group of creditors that has given Genesis and Digital Currency Group a plan to "provide a path for the recovery of assets." At the peak...
When rumours of Elon Musk buying Twitter started circulating on social media, many thought, "Why not?" The guy has the means to do whatever he wants, including buying whatever he wants. After some legal wranglings and ramblings about what...
On November 7, 2022, the district court in New Hampshire granted summary judgment in favor of the US Securities and Exchange Commission (SEC) against the blockchain payment network LBRY. This was the SEC's third big win after beating Telegram...
