Congress attempts to curb SEC’s overreach as chair Gensler shows interest in reviving FTX

In a recent congressional session, Minnesota Representative Tom Emmer openly criticized the Biden Administration and SEC Chair Gary Gensler, as the U.S. House greenlit his amendment to control SEC enforcement abuses against the digital asset industry. This occurred as Gensler expressed willingness to the revival of the defunct crypto exchange FTX, contingent on legal compliance. […]

RIP BOZO: crypto Twitter [X] reactions to Sam Bankman-Fried verdict

Crypto entrepreneur Sam Bankman-Fried was found guilty in a criminal trial, sparking a deluge of reactions across the Crypto Twitter community. The verdict was delivered by a New York jury on Wednesday night. Bankman-Fried’s trial drew considerable attention, culminating in a guilty verdict that has stirred up the crypto community. The verdict was met with […]

FTX founder Sam Bankman-Fried convicted on fraud charges

Sam Bankman-Fried, co-founder of FTX, has been found guilty of all charges in a high-profile fraud trial. The jury took a mere three hours to decide on the verdict, finding Bankman-Fried guilty on seven counts of fraud and conspiracy. This comes exactly one year after an expose that led to the collapse of his cryptocurrency […]

FTX transfers millions in cryptos to Coinbase as SBF testifies

Embattled crypto exchange, FTX, has transferred another batch of crypto assets, including Chainlink’s LINK and Polygon’s MATIC, worth millions to Coinbase Inc. as the company’s founder, Sam Bankman-Fried, takes the stand in court. The move took place Thursday afternoon, with blockchain data confirming that approximately $2.6 million in LINK and $1.3 million in Adventure Gold […]

FTX plans to return up to 90% of creditors’ funds amid ongoing legal battle

The bankrupt cryptocurrency exchange FTX has devised a plan to return up to 90% of creditor funds. The strategy was proposed as the trial of founder Sam Bankman-Fried progresses. The group of debtors supervising the bankruptcy proceedings aims to formally submit the proposal to a U.S. Bankruptcy Court by December 16, 2023. FTX sank last […]

Changpeng Zhao tweet led to the collapse of cryptocurrency xchange FTX says Caroline Ellison

The downfall of cryptocurrency exchange FTX has been partially attributed to a tweet by Binance CEO Changpeng “CZ” Zhao, according to former Alameda Research CEO Caroline Ellison. According to former Alameda Research CEO Ellison testified in Sam “SBF” Bankman-Fried’s criminal trial that CZ’s tweet played a role in the demise of FTX. The tweet announced […]

Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts

🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Market Update: Crypto Prices React to Middle East Turmoil 2️⃣Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts 3️⃣ Zimbabwe Launches […]

The Inside Story of Jaynti Kanani’s Departure From Polygon

🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ The Intricacies Behind Jaynti Kanani’s Departure and the Future of Polygon 2.0 2️⃣ Dogecoin NFT Community ‘Own The Doge’ Is Installing Kabosu […]