Through the unveiling of its “Regulating digital asset platforms” consultation paper, the Australian Treasury has indicated its intent to regulate service providers and exchanges. In particular, regulating service providers and exchanges as opposed to individual coins or cryptocurrencies themselves is, in the Treasury’s view, said to (1) address consumer harms and (2) support innovation in … Continue reading The Aussie Attempt At Regulating Crypto Service Providers and Exchanges
Tomorrow, Sam Bankman-Fried will take the courthouse stage, facing 21 days in court during his criminal trial scheduled to end on November 9th. Specifically, SBF stands accused of seven counts of conspiracy and fraud relating to the collapse of FTX, including fraud, money laundering and campaign finance offenses in addition to commodities fraud, securities fraud, … Continue reading SBF’s Upcoming Trial: A Checklist
A Domino Effect – Part One As of year-end 2022, crypto-focused bank Silvergate’s deposits were over $6 billion. Importantly, Silvergate led a gateway into blockchain for banking; it was willing to fill a gap between crypto and fiat. However, word that Silvergate collapsed due to a weakening in its capital position and a DOJ investigation … Continue reading Gate Closed: Silvergate’s Bank Run
Largely due to the FTX scandal, the crypto market is currently facing a crypto winter with unexpected lows. Recently, much focus has been on the negatives— the crypto market shrinking by $1.4 trillion, Bitcoin losing 60% of its value, and investor security unraveling to name a few. Undeniably, the FTX case of greed stands, and … Continue reading In the Wake of FTX & Into the New Year: The Ethereum Merge & The Evolution of Crypto
Police in The Bahamas have taken SBF into custody less than 24 hours before he was set to provide a digital testimony to US Congress. No more video games for Sam Bankman-Fried (SBF)—On December 12, 2022, the Office of the Attorney General of The Bahamas announced the arrest of SBF. SBF’s arrest by the Royal … Continue reading The Night Before Scheduled Congressional Hearing, SBF IS ARRESTED . . . Oh What a Time
As the weather gets colder and we approach the winter, the cryptosphere continues to be a chaotic wild west of sorts. Front and center in this week’s volatile activity has been FTX. What began with a headline announcing Binance’s plan to acquire FTX soon turned into a week-long saga of unprecedented chaos culminating with FTX, … Continue reading THE MOST GENEROUS BILLIONAIRE IN THE WORLD & A MAN OF THE PEOPLE: SAM BANKMAN-FRIED (SBF) COMMITS THE BIGGEST CRIME OF THE CENTURY💸
on court with steph 