UK Passes Economic Crime and Corporate Transparency Bill
Legislators in the UK have passed the Economic Crime and Corporate Transparency Bill legislation, allowing authorities to seize and hold Bitcoin and other cryptocurrencies used for illicit activities. According to official data on the U.K.’s Parliamentary Acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on October 26. This […]
Sam Bankman-Fried to Testify in Criminal Trial
In the criminal fraud case, the former CEO of FTX will be one of a limited number of witnesses to testify in his defense. As part of his defense, former FTX CEO Sam “SBF” Bankman-Fried will testify, according to his attorney Mark Cohen . Cohen stated in a telephone conference held on October 25 between […]
Pro-Bitcoin Javier Milei Trails in Argentina’s Presidential Run-Off
Javier Milei, an anti-establishment contender, anticipated to lead Argentina’s presidential election, but with 90% of the votes counted, he is currently in second position. Javier Milei, a pro-Bitcoin presidential candidate, failed to secure victory in the first round of the Argentine presidential election and will now confront economy minister Sergio Massa on November 19. With over 90% […]
FTX Creditor Claims Break 50c as Buyers Made Whole
The market is warming up to FTX claims, with a single claim fetching between 52 and 53 cents on the dollar at Friday’s auction. According to Thomas Braziel, partner at 117 Partners , a firm specializing in crypto bankruptcy claims, the market for FTX creditor claims has been heating up, with some claims purportedly selling […]
Securities Authorities Object Crypto Handling in Coinbase’s Case
A group representing North America’s state securities authorities took aim at Coinbase’s arguments in its defense against the SEC. An association of North American securities regulators argues that digital assets should not be viewed as “somehow special,” nor should actions against Coinbase be considered “novel or extraordinary.” In a brief filed on 10 October in […]