CRYPTO POLICY

Bankman-Fried's lawyers urged the court to adjourn the trial for a day if it could not provide the medication or issue an order allowing his counsel to provide his prescribed medication at the courthouse on trial days.

The SEC was given time until midnight last Friday to submit a challenge to the court's decision that found it was unjust for the financial regulator to reject Grayscale Investments' application to create a spot bitcoin exchange-traded fund. The SEC's decision now clears the way for the first spot Bitcoin ETF in the U.S. although a separate approval order from the regulator is still required.

Last month, Delaware District Judge John Dorsey approved an order to allow the now-bankrupt crypto empire to sell, hedge price movements, or generate yield through staking off the crypto assets it is holding to repay its creditors.

Despite the potentially imminent approval of spot Bitcoin ETF filings, some are concerned that the eventual arrival of traditional financial giants, including the mega-investment company BlackRock, could "fundamentally change" Bitcoin.

The CFTC alleged that Stephen Ehrlich and Voyager Digital defrauded customers by making them believe that the crypto brokerage firm is a "safe haven" to buy and store assets, with its CEO promising high-yield returns as high as 12%.

Bankman-Fried had previously blamed CZ for the FTX crash, describing it as "an extreme, quick, targeted crash precipitated by the CEO of Binance that made Alameda insolvent."

Earlier this week, TFL and Kwon's lawyers urged the court to ask Citadel Securities to provide documents containing its trading activities in May 2022.

Ellison's voice trembled during Wednesday's testimony, and said she "felt a sense of relief that I didn't have to lie anymore."

The recent update on the joint spot Bitcoin ETF application for approval of ARK Invest and 21 Shares underscored information on the proposed BTC ETF, as well as practices on how it will custody assets and determine the values of the assets.

Blockchain analysis firm Arkham Intelligence said that Tornado Cash has recovered more than a year after the U.S. government imposed sanctions on the platform and arrested several key figures behind the business.

After finding a solution to its issue in the U.K., Binance is facing another hurdle in its global ambitions.

Ellison testified after the testimony of Gary Wang, the mysterious co-founder of FTX who admitted last week that he wrote the programming that enabled the crypto exchange's fraud.

Wang testified in court last Thursday and admitted that he, Bankman-Fried, Caroline Ellison, the former CEO of Alameda Research, and Nishad Singh, the FTX director of engineering, committed wire fraud, securities fraud and commodities fraud.

In a court motion filed last week against the crypto exchange platform Coinbase, the SEC stated that digital assets have no inherent value since they cannot generate profits.

Stephen Ehrlich was reportedly "angered and perplexed" by the regulator's potential civil claims, labeling them unfounded.

Binance announced the rollout of a new subpage to cater to its customers in the United Kingdom in line with the country's changing regulations.

A report said that more than 173,939 workers at U.S.-based tech companies have been laid off in mass job cuts so far in 2023.

The HTX Global attack has been classified as a white hat incident since all the stolen funds have now been returned.

Gary Wang revealed that Bankman-Fried handled duties involving facing the public, talking to the media and lobbying, while his role was limited to coding.

The Crypto Law post quoted by Deaton as he threw allegations at Grewal came with a link to a New Jersey Globe article about the latter's name appearing in an indictment.

A long-time friend's testimony reveals startling revelations, exposing complex alliances and high courtroom tension in the gripping SBF trial.

This latest development on Coinbase and Ripple Labs' operations in Singapore marks a crucial stride toward wider adoption of digital assets in the country and in the world.

Alex Mashinsky's legal team has nearly a year to prepare for the trial of the former Celsius founder and CEO on criminal fraud charges linked to the billion-dollar collapse of the crypto lending platform.

Nir Lahav, a cryptocurrency investor, filed a class-action lawsuit against Binance and Zhao on Monday for allegedly violating the Securities and Exchange Act, as well as the California Unfair Competition Law, in the U.S. District Court for the Northern District of California.

The second day of the trial proceeded with opening statements from the defense and prosecution, painting different images of the defendant.

District Court Judge Analisa Torres said Tuesday she found no "substantial ground for difference of opinion" in her earlier ruling and disagreed that an appeal would help advance the case to a conclusion. XRP saw an immediate surge in its value, recording over 8% gain after the news broke.

Three former members of Bankman-Fried's inner circle, also known as his 'generals,' and who had previously pleaded guilty to fraud charges, are expected to testify.

Besides reaffirming its dedication to security and user protection, Bad Idea AI took a significant step by undergoing a thorough CertiK audit to address these concerns.

Since bad actors do not register their accounts under the names of criminal organizations, Binance said it works with authorities and "leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations."