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.
Financial
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Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect.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 wait longer to sell.
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 Tuesday court filing.
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.
Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’
This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.
TV’s Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’s new book “Going Infinite.”