‘Bruno Brock’, Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.
Turkey in “Final Stage” of Bringing Crypto Legislation as Last Step to Get off FATF’s Grey List: Minister
Turkey has been on the “grey list” of the Paris-based küresel money laundering and terror financing watchdog since 2021.
Bitcoin Could Go Crazy Above $36K, Options Data Suggests
Bitcoin options dealers or market makers are likely to trade in the direction of the market above $36,000, accelerating price gains.
Frax Finance Says its Domain Name Has Been Hijacked
Frax founder Sam Kazemian says his team has been “left in the dark” by the domain registrar as to what happened.
As Sam Bankman-Fried Fraud Trial Nears Close, a Terse Judge Sets Jury Instructions
Bankman-Fried’s lawyers argued the jury should be instructed on English law because it governed FTX’s terms of service. “I apply the law of New York,” Judge Lewis Kaplan said.
Bitcoin Saw 27% October Surge as Traders ‘Panic Bought’ Amid Bitcoin ETF Enthusiasm. Is $40,000 Next?
The crypto rally was broad, as all CoinDesk sector indexes posted 7% to 32% advances.
AI-Related Tokens Stumble After White House Executive Order
Critics of President Biden’s action wonder if innovation could be stifled.
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers’ crypto assets in banks should be held on the banks’ own balance sheets. That should have been a rule, not guidance, the GAO says.
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
The action represents a move towards main competitor Tether’s practice to limit access for retail users.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
The USDT stablecoin currently has a market cap of roughly $84 billion.