U.S. Attorney Damian Williams said on December 21 that FTX Co-founder and former CTO Gary Wang and former Alameda Research CEO Caroline Ellison. And they have pleaded guilty to charges related to the collapse. And both are collaborating with the law, according to Williams. The SEC stated in a separate
Sam Bankman Fried, the CEO of the shuttered crypto exchange FTX, was arrested in the Bahamas on December 12 after US prosecutors filed criminal charges. According to an announcement from the Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, SBF was arrested by the Royal Bahamas police
Nexo, a crypto borrowing and lending industry revealed on December 5 that it intends to shut off its services in the United States over the next few months. It also stated that it was halting its products and services in the United States due to a lack of regulatory clarity.
FSOC Report provokes the mandatory need of crypto regulation in the US The UN forecasts a 2.5% drop in global economic growth this year. The Biden administration and the Capitol Hill, a.k.a the US Congress, are in serious conversation to enforce a crypto regulatory framework in the United States. The
GameStop is now the “preferred” retail partner of FTX.US. The gaming company’s Q2 2022 net sales drop to $1.136B. On Wednesday, GameStop, the giant game retailer, announced its partnership with the major crypto exchange FTX.US to launch “new e-commerce and online marketing initiatives” unitedly. Along with disclosing its Q2 2022
The United States is moving forward with integrating the cryptocurrency economy. Government officials can buy cryptocurrencies, but doing so will prohibit them. According to a new guideline from the State Office of Government Ethics (OGE), government officials who are actively investing in cryptocurrencies or who are found to hold any
Some securities regulations have been rewritten to be more precise. The regulations governing public disclosure have been tightened. The ‘EMBARGOED’ watermark appeared on a series of papers in the wee hours of Monday morning. Soon after Twitter user ‘bot_slam‘ posted photographs of it on their feed, the crypto community began
As inflation began surging up in late March, the growth of the global economy slowed down. The US Federal Reserve led by Jerome Powell chose to raise the interest rates to combat inflation and restore price stability in their economy. The interest rate hiked to its 22-year high and the
Tech industry contributes 9.3% to the US economy. 33257 Bitcoin (BTC) ATMs are installed in the nation. The United States is the largest base for numerous tech companies, making the nation the giant tech base. As per the report from CompTIA, an American trade association, the US tech industry raised
A government-wide plan for digital assets is the first of its kind. Federal Reserve would have to work out the kinks to satisfy both parties. To stay up with private-sector payment innovations, the Federal Reserve on Thursday initiated an assessment of the possible advantages and dangers of creating a U.S.
