Regulation

The cryptocurrency market’s recent downtrend appears to be coming to an end, as JPMorgan’s latest research suggests that most long-position liquidations have been completed. According to a Bloomberg report, analysts for the American bank estimate that the liquidations are “largely behind us.” The prediction is based on the open interest in Bitcoin (BTC) futures contracts

Pro-XRP attorney John Deaton says that the United States Securities and Exchange Commission (SEC) erred in filing aiding and abetting allegations against Ripple’s CEO Brad Garlinghouse. Deaton highlighted that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP (XRP) as a non-security early on,

Antonio Juliano, the founder of decentralized exchange dYdX thinks that crypto builders should forget about serving customers in the U.S. over the next five to 10 years, experiment in other markets and then return once the time is right. In an Aug. 25 X (Twitter) thread, Juliano argued that builders should prioritize markets outside the

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October. In an Aug. 25 filing in United States District Court for the Southern District of New York, SBF’s legal team said the plan proposed

From sitting in his car crying before work every morning to becoming a successful digital artist, the story of Australian-based VR painter and sculptor Giant Swan is one of persistence, timing and pushing boundaries.  In a world where a digital artist can now monetize their work through NFTs as opposed to cheap likes and comments on

Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.” On Aug. 23, multiple local news sources reported that Binance P2P has renamed some of its troubled payment options for withdrawals and deposits, namely the sanctioned Russian banks like Tinkoff and Rosbank. The

Our weekly roundup of news from East Asia curates the industry’s most important developments. HashKey Hong Kong to commence retail trading  Crypto exchange HashKey, the first licensed virtual asset provider in Hong Kong, will open its doors to residents for retail trading on August 28.  According to local news reports, investors will only be allowed

On Episode 27 of Hashing It Out, CoinRoutes CEO Dave Weisberger joins host Elisha Owusu Akyaw (also known as GhCryptoGuy) to discuss the current state of cryptocurrency regulation in the United States. Weisberger explains how the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) approach regulations and what they mean for

Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don’t show any clear violations of money-transmitting-related offenses. Roman Storm and Romen Semenov were indicted by the United States Office of Foreign Asset Control (OFAC) on Aug. 23 for conspiring to operate an unlicensed

Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects. According to an Aug. 23 report from the Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering, and sex crimes, accusing the Israeli

Lawyers currently representing Sam Bankman-Fried, or SBF, for his criminal case in the United States plan to elicit evidence the former CEO acted “in good faith” on advice of previous counsel in regards to his alleged actions at FTX and Alameda Research. In an Aug. 23 filing in U.S. District Court for the Southern District

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment

A federal judge has sentenced former nonfungible token (NFT) marketplace OpenSea product manager Nathaniel Chastain to 3 months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said Chastain had been sentenced to 3

Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report.  Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 facing accusations of misusing customer funds for personal

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform. On Aug. 21, the Ministry of Digital Economy and Society (MDES) stated over 200,000 people had been duped by Facebook ads that touted crypto scams, investing in fake

A federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours. In an Aug. 21 filing in United States District Court for the Southern District of New York, Judge Lewis Kaplan ruled that Sam Bankman-Fried,