Paradigm, a crypto venture capital firm, has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in their current legal action against the cryptocurrency exchange Binance. In a statement released on Friday, Sept. 29, Paradigm pointed out that the SEC is attempting to use the concerning accusations in its complaint as a means to…
The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial might introduce bias and have the potential to elicit biased responses. In a court filing on September 29, lawyer Mark Cohen, representing Bankman-Fried, contends that the jury questions presented by the US government for the…
Leaked Slack conversations between Terraform Labs co-founders, Do Kwon and Daniel Shin, have exposed their contemplation of orchestrating fraudulent transaction… Source: https://cointelegraph.com/app/public/index.php/news/terraform-labs-do-kwon-slack-chat-evidence
Terraform Labs co-founder Do Kwon has refuted the significance of Slack messages as evidence, which involved discussions with his co-founder Daniel Shin about manipulating transactions on the Terra blockchain to attract investors. The United States Securities and Exchange Commission (SEC) included the Slack conversation between the two co-founders, which was dated back to September 2019, in a recent court filing. Slack…
Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds. Source: https://cointelegraph.com/app/public/index.php/news/chainlink-quietly-changes-multisig-rules-mixin-offers-20m-bounty-finance-redefined
House Financial Services Committee Chair Patrick McHenry signaled on Friday that stablecoin regulation is still top of mind, despite a potential government shutdown looming on the horizon. “Things are complicated right now,” McHenry said, speaking over Zoom to a crowd gathered in New York at a forum organized by stablecoin issuer Circle. “But I’m gonna do my best to get…
Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds. Source: https://cointelegraph.com/public/index.php/news/chainlink-quietly-changes-multisig-rules-mixin-offers-20m-bounty-finance-redefined
Asset management giant Invesco has teamed up with Mike Novogratz’s Galaxy Digital to apply for an Ethereum (ETH) spot exchange-traded fund (ETF), following their joint application for an equivalent Bitcoin (BTC) product in June. Per the firm’s S-1 registration statement, the Invesco Galaxy Ethereum ETF will “reflect the performance of the spot price of ether” by holding units of the…
Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere. Kraken is reportedly moving to offer securities trading in the United States and the United Kingdom to expand its reach and compete with popular apps like Robinhood, which offer both crypto and stock trading. On the other hand, Gemini is…
The United States House of Representatives has rejected a bill passed on by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed to gain traction with far-right lawmakers in the House — all actions suggesting that the U.S. government is heading toward at least a partial shutdown starting on Oct. 1. A U.S.…
