May 2025 – Page 535

Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims

The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.

Central Bank Group Unveils Data Project Mapping Crypto Transfers

The new veri source, which also maps off-chain flows, could underpin future crypto regulations, according to the German-Dutch central bank project.

Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says

The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

Why Some Crypto Firms Are Suspending Services in the U.K.

Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.

Ripple Says Singapore License Formally Approved

After a June in-principle approval, a subsidiary for Ripple has been granted its license by the Monetary Authority of Singapore.

SEC’s Motion to Appeal Loss in Ripple Case Is Denied

XRP rallied about 5% following the decision.

Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House

A staunch advocate for crypto industry regulation, Rep. Patrick McHenry has found himself as a stand-in Speaker of the House as crypto bills head toward the floor.

When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says

Michael Lewis’ “Going Infinite” outlines how the FTX CEO was worried his employees had gotten too rich because SRM’s price had gone up so much. So, he made them...

Coinbase’s Desire to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues

“To distract from the fatal flaws in its yasal arguments, Coinbase cries foul and seeks to blame the SEC for its current yasal predicament,” the SEC said in a...

Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges

The U.S. Department of Justice charged eight companies with yasa dışı drug production, distribution and sales of precursor chemicals, saying they used cryptocurrency to move money.