March 28, 2024

Web and Technology News

Crypto enforcers wielded a heavy hand this year, but don’t expect it to get softer in 2024

This was quite the year for the crypto industry. From funding shortfalls to the SBF saga playing out in public, the industry and its proponents had a wild year, especially with crypto prices fluctuating more than London’s weather in April.
Still, regul…

Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC

The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC). Bloomberg also reported that Alex Mashinsky, co-founder and ex-CEO of […]

Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC by Jacquelyn Melinek originally published on TechCrunch

Former FTX CEO Sam Bankman-Fried seeks to dismiss most US charges against him

Former FTX CEO and founder Sam Bankman-Fried has filed a pretrial motion to dismiss 10 out of 13 charges against him, according to court documents. Bankman-Fried is under house arrest at his parent’s house in Palo Alto, California, ahead of his expected trial in October for charges including wire fraud, conspiracy to commit money laundering […]

Former FTX CEO Sam Bankman-Fried seeks to dismiss most US charges against him by Jacquelyn Melinek originally published on TechCrunch

Are cryptocurrencies commodities or securities? Depends on which US agency you ask

As the CFTC and SEC diverge over whether cryptocurrencies are commodities or securities, market players feel confusion and want clarity.

Are cryptocurrencies commodities or securities? Depends on which US agency you ask by Jacquelyn Melinek originally published on TechCrunch

Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations

Binance, the world’s largest crypto exchange by volume; its CEO Changpeng Zhao; and Chief Compliance Officer Samuel Lim, are being sued by the U.S. Commodity Futures and Trading Commission, according to a filing on Monday. The company, Zhao, Lim are being sued for allegedly breaking trading and derivatives rules. The exchange has never registered with […]

Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations by Jacquelyn Melinek originally published on TechCrunch

Former FTX CEO SBF pleads not guilty to U.S. criminal charges

FTX founder and former CEO Sam Bankman-Fried plead not guilty to all eight counts of U.S. criminal charges on Tuesday. Bankman-Fried appeared before a judge in the U.S. District Court in New York City on Tuesday with his lawyers, Mark Cohen and Christian Everdell. Criminal charges against the 30-year-old former billionaire include wire fraud, conspiracy […]

Former FTX CEO SBF pleads not guilty to U.S. criminal charges by Jacquelyn Melinek originally published on TechCrunch

US attorney says ‘we are not done’ charging individuals for FTX collapse

Multiple U.S. government agencies held a press conference Tuesday afternoon regarding the indictment of FTX’s former CEO, Sam Bankman-Fried. When asked whether the entities will bring charges against other individuals allegedly involved in the FTX collapse, Damian Williams, the U.S. attorney for the Southern District of New York, said during the event, “I can only […]

US attorney says ‘we are not done’ charging individuals for FTX collapse by Jacquelyn Melinek originally published on TechCrunch