"As a bank, we're not getting into the crypto world, crypto trading, crypto exchanges," HSBC Group CEO Noel Quinn said in September.
The FTX meltdown triggered the filing for bankruptcy of multiple businesses, questioned the audit conducted on crypto businesses and planted a seed of doubt in investors' minds, but it also has a positive effect on the crypto space.
Is Do Kwon short of funds?
The surge in the trading volume of Dogecoin took place following Musk's Christmas greeting on the social media platform Twitter.
The new stablecoin regulations in the country will allow local exchange platforms to provide stablecoin trading "under the condition of asset preservation by deposits and upper limit of remittance."
Sam Bankman-Fried is set to appear in court on Jan. 3, 2023, to enter a plea deal and be arraigned.
Before its official launch, the Shiba Inu development team will first release the Shibarium documentation and will roll out the beta version of the project for users to try it out.
Attackers did not access customer data in the August breach, but some source code and technical info were reportedly stolen and used to carry out the recent attack.
Judge Abrams, in a court filing dated Dec. 23, revealed that her husband, Greg Andres, is a partner at the law firm Davis Polk & Wardwell, which had advised FTX in 2021.
"Our contract became compromised because the USDC address was whitelisted to interact directly with Rubic," the company's official Twitter account stated, explaining the root cause of the issue.
The app is structured based on ESG criteria, which emphasizes that the company's financial interest is centered on sustainable and ethical standards.
"I would not recommend contacting one of the many 'cryptocurrency recovery companies' that you will find on Google as they charge a high upfront fee and they lead you to believe they will facilitate a recovery which they will ultimately rely on law enforcement to do anyway," said Larry Nielsen, a law enforcement detective.
If the reports are true, it looks like Singh, unlike Wang and Ellison, did not rat Bankman-Fried out and would most likely not get the same easy deal as SBF's other two lieutenants.
"We're warning investors to be very wary of some of the claims that are being made by crypto companies," SEC acting chief accountant Paul Munter said.
Bankman-Fried was charged with two counts of wire fraud, six counts of conspiracy related to securities and commodities fraud, money laundering and violating the campaign finance laws.
Elon Musk has been instrumental in the rise and fall of Dogecoin price.
Ellison's plea deal agreement with the Southern District of New York, unsealed Thursday, revealed that she will only be prosecuted for criminal tax violations and could be immediately released with a $250,000 bail.
Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts.
Collapsed crypto exchange FTX on Thursday asked a U.S.
FTX founder and former Chief Executive Sam Bankman-Fried, who faces U.S. fraud charges over the collapse of FTX, ran his crypto empire with a number of associates.
"A former team member (who is no longer with Ankr) acted maliciously to conduct a supply chain attack, inserting a malicious code package that was able to compromise our private key once a legitimate update was made," Ankr revealed.
It appears that some of the pseudonymous lead developer's followers may have confused the countdown of the official launch of the Shibtoken website with the highly anticipated Shibarium announcement.
"It would make sense to integrate payments into Twitter so it's easy to send money back and forth," Musk told Twitter employees in June.
With members of Bankman-Fried's inner circle cooperating with government authorities, many speculate that their decision could spell the end for the once-golden boy of crypto as they rat him out to save themselves or at least get leniency.
Both Wang and Ellison pleaded guilty to federal criminal fraud charges and are currently cooperating in the case against the once-regarded White Knight of crypto Bankman-Fried.
Customers pulled more than $3 billion from Binance in a single day last week as part of a three-day frenzy that saw more than $6 billion withdrawn.
"Please mark my words that the next financial crisis will come from private cryptocurrencies," Reserve Bank of India Governor Shaktikanta Das said.
The Texas-based bitcoin miner has suffered from this year's crypto rout and high electricity costs.
The Bank of Japan on Tuesday announced that it is adjusting its yield curve control policy by expanding the trading on its 10-year yield target 0.23% to 0.50%, a decision expected to have major ramifications across the globe.
Seven months into the controversial collapse of Terra, authorities are still investigating the reason behind the crash that led to the closure of a myriad of crypto businesses.
