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” ‘Unworkable’ bill to ban blockchain immutability is introduced in Illinois “ A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its “unworkable” plans to force blockchain miners and validators to do “impossible things” — such as reversing transactions if ordered to do so by a state court. The Senate…
” Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’ “ Representatives for Voyager’s Unsecured Creditors have requested that former FTX CEO Sam Bankman-Fried, provide documents and appear in court remotely next week for a deposition. A court filing on Feb. 18 in the United States Bankruptcy Court for the…
” ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’ “ Non-custodial crypto platform ShapeShift refuted United States Senator Elizabeth Warren’s claims of “illicit financing,” suggesting that she used the platform as a scapegoat to “push” her latest crypto bill, according to a recent statement. ShapeShift stated in a tweet on Feb. 19…
” Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto “ The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities. In a Feb. 17 blog post titled…
” Former FTX exec will plead guilty to federal charges with a deal: Report “ Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s…
” Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint “ A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following its collapse in May 2022. According to the…
” SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined “ Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States Securities and Exchange Commission’s (SEC) crackdown on crypto-staking services could lead to uncertain consequences…
” CZ denies report Binance is considering major breakup with US business partners “ Binance CEO Changpeng Zhao has denied a report that the company is considering cutting ties with United States business partners. Binance has been the object of increasing scrutiny from U.S. regulators in recent weeks. Bloomberg reported on Feb. 17 that Binance Holdings…
” SEC chair issues warning to celebrities promoting crypto amid latest enforcement action “ The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media. In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through…
” SEC vs. Kraken: A one-off or opening salvo in an assault on crypto? “ In a year of crypto upheavals, the United States Securities and Exchange Commission’s settlement with crypto exchange Kraken, announced on Feb. 9, set off yet another tremor. Agency chief Gary Gensler took to mainstream media last week to explain the…