Caroline Ellison Sentenced to 2 Years for role in FTX Crypto Fraud
District Judge Lewis A. Kaplan has sentenced former Alameda Research CEO Caroline Ellison to two years in jail. Her role in the demise of the cryptocurrency exchange FTX and the hedge fund connected to it, Alameda Research, has played a pivotal role in one of the worst financial scandals in American history. Ellison collaborated with […]
AAVE Flips Key Resistance as CEX Outflows Jump
On Tuesday, September 24, the price of AAVE declined due to a rise in centralized exchange outflows, as indicated by on-chain statistics. One of the DeFi assets with the strongest recent performance, AAVE, dropped from this week’s high of $178 to $164.5. It is still 131% higher than its July low, though. AAVE experienced CEX […]
Exodus Donates $1.3m to Stand With Crypto Ahead of Election
Exodus donated $1.3 million to Stand With Crypto, a bipartisan advocacy group supporting cryptocurrency candidates in the U.S. elections. There are barely six weeks before Election Day, so this donation, first made public by Fox Business, arrives at a critical moment. Exodus’ support will aid in extending Stand With Crypto’s national education and voter mobilization […]
Turkey Decides Against Additional Tax Package on Stocks
Vice President Cevdet Yilmaz reaffirmed that Turkey will not impose a tax on gains from trading stocks or cryptocurrencies this year. According to Bloomberg reporting, the government has prioritized cutting current tax exemptions over considering a tax of this kind. The ruling, which clarifies the government’s position, is a momentous occasion for investors in Turkey’s […]
SEC Charges TrustToken, TrueCoin over Stablecoin Fraud
The U.S. Securities and Exchange Commission charged securities violations to two cryptocurrency organizations associated with the TUSD stablecoin. TrueCoin and TrustToken settled the charges brought against them, which included allegations of unregistered offering and sales of investment contracts between November 2020 and April 2023. Through the creation of the decentralized finance lending platform TrueFi, TrustToken […]