FTX Seeks Payments Recovery from Top Athletes and Clubs
FTX is trying to recover the millions of dollars paid to celebrity athletes and sports teams who endorsed the now-bankrupt cryptocurrency exchange before its collapse....
Former Algorand CEO Steve Kokinos Appointed CEO of Firm Acquiring Celsius
In a significant development involving Celsius, Steve Kokinos, the former CEO of Algorand, is poised to take the reins of the crypto lender in the...
CEO of Collapsed Turkish Crypto Exchange Gets 11,196 Years in Prison
A court in Turkey has sentenced Faruk Fatih Özer, the Founder of the collapsed Turkish crypto exchange, Thodex, his sister, Serap Özer, and his brother,...
FTX Unveils Billions in Assets, including $1.6B in Solana and $560M in Bitcoin
The bankrupt cryptocurrency exchange FTX has unveiled assets worth USD $7 billion and billions of dollars in payments made to senior executives, including its Founder,...
Ripple Pushes for Regulatory Compliance with Fortress Trust Acquisition
In a strategic step to strengthen its operations in blockchain and crypto payments solutions, Ripple has announced its acquisition of Fortress Trust, a subsidiary of...
CFTC Moves against 3 DeFi Platforms, Slaps Heavy Penalties
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against three decentralized finance (DeFi) protocols, Opyn, ZeroEx, and Deridex, by filing and settling charges....
FCA: Crypto Firms Face “Significant Challenges” Ahead of Financial Promotions Regime
As the clock ticks toward the implementation of the crypto asset financial promotions regime on October 8, 2023, the UK’s Financial Conduct Authority (FCA) has...
Survey Reveals High Level of Skepticism: 30% of Non-Crypto Users Lack Trust in Exchanges
More than 40% of cryptocurrency users have expressed skepticism about cryptocurrencies due to concerns about their volatility and financial risks, according to a survey by...
Core Scientific’s Bitcoin Mining Output Drops in August amid Market Volatility
The cryptocurrency mining company, Core Scientific has released its production and operations update for August, highlighting 206,000 owned and co-located Bitcoin miners. The company managed...
Cryptocurrency Taxation: Guidelines and Best Practices for Reporting Crypto Assets
Cryptocurrencies have emerged as a transformational force in the financial world, changing the way we think about money and investing. However, the rapid emergence of...
