NewsRoom Articles - Page 44 of 183

MondayOct 09, 2023 9:00 am

Sam Bankman-Fried’s Highly Anticipated Trial Begins

Former crypto magnate Sam Bankman-Fried finds himself facing the prospect of spending several decades behind bars as his trial commences, marking one of the most substantial financial scandals in U.S. history. The 31-year-old entrepreneur, previously at the helm of one of the world's largest crypto exchanges, stands accused of embezzling vast sums from investors. Bankman-Fried catapulted to prominence after establishing FTX in 2019. He soon emerged as a leading figurehead in the crypto space, often recognized by his unruly hair, high-profile sports endorsements, and encounters with luminaries such as comedian Larry David and NFL legend Tom Brady. Bankman-Fried played the…

FridayOct 06, 2023 9:00 am

Singapore Grants Coinbase Payment Exchange License

Crypto exchange Coinbase announced on Oct. 1, 2023, that it had secured a Major Payment Institution (MPI) license from Singapore’s monetary authority, MAS. The new approval, which comes one year after the exchange’s first in-principle approval in the country, will allow Coinbase to extend its digital payment token services to Singapore citizens and institutions. The MAS stipulates that MPI-licensed companies have the green light to provide payment services without being constrained by transaction limits of $2.2 million. Additionally, the companies are exempt from the monthly transaction limit of $4.4 million for two or more payment services, as long as they…

WednesdayOct 04, 2023 6:16 pm

Crypto Fest 2023 Sparks Global Conversations on Blockchain and Cryptocurrency

Bitcoin Events proudly announces Crypto Fest 2023, the 5th annual gathering of cryptocurrency and blockchain enthusiasts. This year’s celebration of all things Web3 comes to you with Binance, the world’s largest crypto exchange, as the ‘Title Sponsor’. The event will be hosted at Cabo Beach Club in Cape Town, South Africa, on 24 November 2023. Come build the connections that will power the next evolution of the global crypto community and help promote the understanding and adoption of digital currencies and distributed ledger technology in Africa. The Crypto Fest 2023 speaking roster is stacked with the leading minds driving the…

WednesdayOct 04, 2023 9:00 am

Singapore Arrests Collapsed Crypto Hedge Fund Cofounder

Authorities in Singapore have apprehended Three Arrows Capital (3AC) cofounder Su Zhu as he attempted to leave Singapore. Teneo, the liquidator in charge of managing 3AC’s bankruptcy proceedings, released an official statement last week detailing the capture of Zhu at Changi Airport as he tried to exit the city-state. According to Teneo, Su Zhu and Kyle Davies, his cofounder, were given four-month prison terms. Currently, Davies' whereabouts remain unknown. This was a result of the Singaporean Courts’ ruling against Zhu for his deliberate noncompliance with court orders compelling him to cooperate with Teneo's investigation into the collapse of the crypto…

MondayOct 02, 2023 9:00 am

SEC Chair Fires More Criticism at Crypto in Latest Congressional Hearing

Chair of the U.S. Securities and Exchange Commission, Gary Gensler, maintained a confrontational attitude against people who advocate for cryptos during his recent hearing before a Congressional committee. He declined to respond to the most important industry questions while highlighting the carelessness exhibited by digital asset companies with regard to client holdings. Speaking before the Financial Services House Committee, Gensler reiterated his consistent disapproval of how crypto companies handle customer assets, asserting that combining these assets has yielded unfavorable outcomes. Additionally, Gensler disclosed that the commission is yet to finalize its approach to a judge's decision, which compelled the commission…

FridaySep 29, 2023 9:00 am

Asset Tokenization Gains Traction Among Crypto Skeptics, Enthusiasts

The digitization of tangible assets such as commodities, art and real estate on the blockchain was once considered a specialized pursuit limited to cryptocurrency enthusiasts. However, this perspective is evolving as leading financial institutions and smaller, cryptocentric entities embrace the concept of asset tokenization. Initially, major banks held reservations regarding cryptocurrencies such as Bitcoin. Nevertheless, they recognized the transformative potential of the underlying distributed ledger technology in revolutionizing financial markets, offering continuous settlement, reduced fees and transparent transactions. As the crypto sector integrates more closely with the broader financial landscape, the desire to tokenize real-world assets (RWA) is extending beyond…

WednesdaySep 27, 2023 7:46 pm

Crypto Assets Conference 2023 (CAC23B) Unveils a New Era of Digital Transformation

The Frankfurt School Blockchain Center proudly announces the Crypto Assets Conference (CAC23B), set to illuminate the digital assets landscape from October 17 to 18, 2023. In a world where Bitcoin and Ethereum challenge traditional norms and DeFi integration reshapes banking, #CAC23B paves the way for a future shaped by innovation and exploration. Web3's potential to revolutionize societal interactions and tokenization's redefinition of ownership are powered by blockchain's limitless applications. As industries evolve, the Crypto Assets Conference (#CAC23B) gathers sector specialists, corporate pioneers, and trailblazing entrepreneurs to explore the cutting-edge of DLT, blockchain, and crypto assets. Key Highlights: 🗓️ Event Dates:…

WednesdaySep 27, 2023 1:05 pm

Global Crypto Community Convenes at Dubai’s Blockchain Economy Summit, Uniting Industry Leaders for a Groundbreaking Event on October 4-5, 2023

Dubai, UAE – The Blockchain Economy Summit, recognized as the world's largest blockchain conference network, is set to redefine the future of finance by bringing together key players and experts from the crypto industry. As the countdown to the event enters its final two weeks, the highly anticipated 8th edition of the summit will take place over two days in Dubai on October 4-5, 2023, in Le Meridien Dubai Hotel & Conference Center, attracting the world's top crypto companies, blockchain entrepreneurs, and AI innovators. Solidifying its position as a premier event in the blockchain and cryptocurrency space, the Blockchain Economy…

WednesdaySep 27, 2023 10:30 am

Binance Sounds Alarm Regarding Possible Delisting of Stablecoins as EU Implements MiCA Law

Binance has expressed its apprehension regarding the possible removal of stablecoins from the European market due to the impending enactment of the EU’s MiCA rules. Marina Parthuisot, who serves as Binance France’s head of legal affairs, commented during an online public hearing organized by the European Banking Authority (EBA) that there is a potential scenario of stablecoin delisting in Europe by June 2024 due to the absence of any approved projects. In response, Elizabeth Noble, team leader at MiCA, stated that stablecoins did not have a transitional arrangement and that their rules would take effect by the end of June…

MondaySep 25, 2023 9:00 am

FTX Sues Bankman Fried’s Parents for Improperly Receiving Millions from the Exchange

FTX founder Sam Bankman-Fried's parents are facing a lawsuit over allegations of receiving improper funds from the cryptocurrency exchange prior to its collapse. In a legal submission, administrators of the bankrupt company claim that the couple knowingly accepted millions of dollars in wrongfully transferred funds and turned a blind eye to misconduct within the company. The lawsuit has been initiated on behalf of individuals owed money following the company's downfall, which ultimately led to the arrest of Bankman-Fried last year. The former billionaire, once hailed as the “Crypto King,” is currently facing accusations from U.S. prosecutors for the unlawful transfer…