FTX was ordered to pay $12.7 billion to consumers and victims, the CFTC said. The consent order will end litigation filed by the CFTC in 2022. A court ordered bankrupt crypto exchange FTX and subsidiary Alameda Research to pay $12.7 billion to customers and victims of their fraud, the Commodity Futures Trading Commission said in … Read more
Over $2.4 billion worth of Coinbase cbETH tokens were withdrawn last month. The supply of cbETH has dropped by more than 50% due to massive withdrawals. CbETH is Coinbase's liquid-staked ether token. Coinbase's liquid-staking token is cbETH lost More than half of its supply since June. During that period, the cbETH market size declined to … Read more
A regulatory sandbox to test and develop innovations. A sandbox intended to establish efficient crypto-related services. The regulatory agency of Thailand invites participants. Thailand's Securities and Exchange Commission (SEC) has launched a regulatory sandbox to develop and test innovations aimed at establishing efficient crypto-related services. Post it on its website. Interested parties are welcome to … Read more
Tennessee man indicted in North Korean remote jobs scam The Justice Department says the North Koreans are posing as US citizens. The US man arrested in the case faces a maximum sentence of 20 years in prison. The Nashville, Tennessee resident was arrested by the FBI and charged with his efforts to fund North Korea's … Read more
Second quarter funding increased by 2.5% compared to the previous quarter. The number of deals fell 12.5% in the quarter. Crypto fundraising rose slightly in the second quarter as startups raised $2.7 billion in 503 deals. A study of the pitchbook. This was a 2.5% increase in invested capital, but a 12.5% decline in the … Read more
Options Exchanges Filed for Spot Bitcoin ETF Options. ETF options usually go through a rigorous bureaucratic process before being launched. Now that spot Ethereum exchange-traded funds have launched, investors are turning to the next crypto product Wall Street could launch — spot Bitcoin ETF options. Bitcoin ETF options allow investors to buy or sell Bitcoin … Read more