Ex-CFO that stole $5M to trade crypto and ‘meme stocks’ gets 3 years prison
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to...
UK Treasury seeks input on taxing DeFi staking and lending
The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of...
CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case
A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent...
Former FTX exec Ryan Salame’s home searched by FBI: Report
The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the...
SEC’s Gary Gensler takes another swipe at crypto in educational video
Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating...
Coinbase execs respond to SEC’s Wells notice in person and on video
Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus...
China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A...
US House committees hear similar testimonies in simultaneous hearings on digital assets
The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee...
Ether price holds $1,820, but pro traders are skeptical about further gains
The Ether price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time...
Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks...