Will Bitcoin ETFs attract more regulatory attention to the crypto industry? We can only hope, because many questions need to be answered. Source: https://cointelegraph.com/public/index.php/news/expect-new-crypto-regulations-bitcoin-etfs
Month: October 2023
DOJ readies witnesses in Bankman-Fried trial, spotlight on FTX assets
The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. This will shed light on how these individuals viewed their interactions with Bankman-Fried and his company. The DOJ submitted a letter motion in limine on Sept. 30, to enable them…
Vitalik Buterin voices concerns over DAOs approving stake pool operators
Vitalik Buterin, co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools. In a September 30 blog post, Buterin issues a warning that as liquid staking pools adopt the DAO approach for governance over node operators—who are ultimately responsible for the pool’s funds—it can expose them…
SEC initiates legal action against FTX's auditor
The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor indep… Source: https://cointelegraph.com/public/index.php/news/sec-lawsuit-prager-metis-audit-ftx