Canadian authorities move to seize assets tied to QuadrigaCX CEO
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.
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.
The judge said the case would be dismissed “with prejudice” barring any last-minute amendments.
More than 500 days after FTX filed for bankruptcy, the world will soon learn whether former CEO Sam Bankman-Fried remains in prison for decades or receives a lenient sentence.
Staking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.
Coinbase’s motion to drop the SEC’s case against the exchange was denied in court, allowing the regulator to proceed with its lawsuit.
Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
Research by WuBlockchain in 2022 pointed toward a principal risk for KuCoin as its main user traffic source is the United States. The cryptocurrency exchange has not even banned American IP addresses, unlike many other offshore exchanges. According to data from Similarweb, while the largest source of traffic for exchanges like Binance, OKEx, and Huobi is Russia, KuCoin's largest demographic is US users. OKEx's second-largest and Deribit's largest traffic source also comes from China.