The cryptocurrency industry can learn lessons from the settlements three crypto exchanges reached with regulators. So said the chief compliance officers of Binance, Coinbase and Kraken while speaking Wednesday (April 10) at Chainalysis’ Links conference in New York, the Wall Street Journal (WSJ) reported Wednesday. Each of...
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found guilty on seven counts of fraud and conspiracy in November, was convicted of stealing $8 billion...
Cryptocurrency exchange Kraken is introducing a new solution for firms looking to gain exposure to the cryptocurrency. Dubbed Kraken Institutional, the new brand aims to be a one-stop shop for Kraken’s existing products and services for institutions, asset managers, hedge funds and high net-worth individuals,...
A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX. The court agreed with a government watchdog’s argument that appointing an independent bankruptcy examiner was necessary due to the alleged misappropriation of $10 billion of customer assets and the size...
August 04, 2023
Expectations weren’t very high for Coinbase Global this most recent quarter. The company continues to face very significant risks on the regulatory front within the U.S., and remains entangled in a nasty case with the Securities and Exchange Commission (SEC). Still, the crypto exchange’s stock has jumped almost 80% since mid-June, lifted by a partial court win by Ripple against […]
April 13, 2023
The black swan collapse of FTX in November 2022 severely rattled global confidence in crypto. It also increased the scrutiny of U.S. regulators, though no new laws impacting the industry...
January 09, 2023
The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time third-biggest cryptocurrency exchange was set...
November 30, 2022
As details emerge surrounding the collapse of crypto trading firm FTX, investors should believe them. In much the same way as Shakespeare’s famous adage states that “a rose by any...
April 30, 2024
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty to charges of enabling money laundering at Binance, CNBC reported Tuesday. The verdict was delivered in a federal court in Seattle by U.S. District Judge Richard Jones, who told Zhao, “You had […]
April 10, 2024
The cryptocurrency industry can learn lessons from the settlements three crypto exchanges reached with regulators. So said the chief compliance officers of Binance, Coinbase and Kraken while speaking Wednesday (April 10)...
March 15, 2024
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found...
February 27, 2024
Cryptocurrency exchange Kraken is introducing a new solution for firms looking to gain exposure to the cryptocurrency. Dubbed Kraken Institutional, the new brand aims to be a one-stop shop for...
