Crypto users react to Sam Bankman-Fried’s 25-year sentence
Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.
Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.
Buyers are required to agree to a vesting period of four years for their FTX SOL purchase.
Judge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.
Major global crypto exchange Bybit announced the launch of Bybit.nl as a new regulated crypto trading platform in the Netherlands.
By Dec. 1, agencies must establish specific safeguards for AI applications that could affect the rights or safety of Americans, as outlined in a White House fact sheet.
The Indonesian financial authorities said that by the beginning of 2025, the government will implement a regulatory sandbox for crypto assets in an effort to prevent fraudulent investments.
According to the order, the assets allegedly are the proceeds of criminal activities linked to Michael Patryn, a co-founder of Quadriga Coin Exchange, and Gerald Cotten.
A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi.
According to Foresight News, the UK Treasury's Technical Working Group has released a new report on the tokenization of funds. The report builds on the group's first report, published in November 2023, and expands on the potential use cases for tokenized funds initially emphasized in the initial report. It specifically explores the use of tokens as collateral for money market funds and the role of tokenized funds in fully on-chain investment markets. In the third phase of their work, the Technical Working Group will now shift its focus to how the UK investment management sector can leverage the opportunities brought by artificial intelligence.
The crypto exchange is sweetening the deal for loyal customers as it faces new legal challenges.