Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project
The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.
Policy
FTX Plans to Return 90% of Customer Funds, But There’s a Catch
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.
Sam Bankman-Fried May Testify at Trial, Defense Says. First, He Needs His ADHD Meds
Sam Bankman-Fried exiting a New York courthouse earlier this year. (Nikhilesh De/CoinDesk)
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
Hamas’ Crypto Ties May Lend Energy to Sen. Warren’s Money Laundering Bill
The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren (D-Mass.) and others to push for a law targeting money laundering and sanctions abuses in crypto.
SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.
U.S. House Speaker Drama Could Threaten to Unravel Crypto’s 2023 Chances
Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year.
SEC Deadline on Grayscale’s Bitcoin ETF Dispute Approaching at Midnight
The SEC has hours left to seek an appeal of the court order to erase the agency’s rejection of Grayscale’s trust-to-ETF conversion application.
Coinbase Sounds Alarm on IRS Crypto Tax Proposal
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.