Regulation
Polygon Co-Founder Jaynti Kanani Steps Down
Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday. Source link
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No Jury Yet in the Sam Bankman-Fried Trial, but We’re Getting There
Jury selection should conclude Wednesday, according to Judge Lewis Kaplan, who is overseeing the trial in the Southern District of New York courthouse. There are around 50 potential jurors remaining, after he dismissed a few […]
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Sam Bankman-Fried Lost Millions Trading Before FTX’s Launch, Michael Lewis Claims
Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds […]
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BIS Unveils Project Atlas, a Data Platform Mapping Crypto Transfers
“Though relatively small compared with total on-chain network traffic, identified flows between crypto exchanges are significant and substantial economically,” said the study, which initially looked at transactions on the Bitcoin network. “The output of Project […]
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Ripple Says Singapore License Formally Approved
“Singapore has developed into one of the leading fintech and digital asset hubs striking the balance between innovation, consumer protection and responsible growth,” said Ripple CEO Brad Garlinghouse, in a statement, adding that the country […]
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Coinbase’s Desire to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
“To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said Tuesday. “It contends the SEC blessed Coinbase’s violative […]
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Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, […]
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Sam Bankman-Fried’s FTX Spurred Almost $300M Loss for Crypto Market Maker Jump Trading, Michael Lewis Says in ‘Going Infinite’
The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 […]
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Bitcoin (BTC) Futures Trading Coming to Montreal’s TMX Exchange
The futures will be cash settled in U.S. dollars, meaning that dollars change hands at settlement instead of the underlying instrument (bitcoin, in this case). The futures settlement value will be determined by the CoinDesk […]
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AI is the Key To DeFi Liquidity
Country by country, the policies and regulations applicable to DeFi are, to put it mildly, fragmented. Yes, DeFi is a very new and complex field, so the situation is somewhat understandable, but analyzing and adopting […]