Lawyers plead for Bankman-Fried release from jail before trial LeapRate

September 20, 2023 BY Elizabeth Anderson

Lawyers plead for Bankman-Fried release from jail before trial

This included sharing the personal correspondence of Caroline Ellison, former chief executive officer (CEO) of the Alameda Research hedge fund, with the New York Times. Ellison, who was romantically involved with the self-proclaimed cryptocurrency king, admitted to fraud and is a key witness in the case against Bankman-Fried. The Manhattan U.S. Attorney and lawyers for…

September 19, 2023 BY Elizabeth Anderson

South Korea to tighten OTC crypto controls

A local report detailed how prominent executives attended a forum on the legal issues and potential criminal dealings associated with digital assets. Among these were Ki No-Seong, the deputy chief prosecutor, and Park Min-woo of the Financial Services Commission (FSC). This session highlighted money-laundering possibilities and concerns. According to a Google-translated statement, Seong commented: Illegal…

September 14, 2023 BY Elizabeth Anderson

Ethereum under fire from SEC over alleged violations

In a press release this week, Co-founder of Ethereum, Joseph Lubin suggested that clear heads and clarity of thinking are the best way to proceed through the investigation. This comes after the cryptocurrency has been hit by waves of regulatory boards demanding the tightening and transparency of crypto commodities, tokens and intermediaries. Lubin stated: America…

September 11, 2023 BY Elizabeth Anderson

FTX investigates possible fund recoveries from sponsored athletes

According to legal documents cited by Bloomberg, experts are trying to determine if all payments were above board. This includes sponsorships to well-knowns such as the NBA’s Shaquille O’Neal and professional tennis player, Naomi Osaka, who received approximately $3.2m from FTX. The once-prominent cryptocurrency exchange submitted its Chapter 11 filing for bankruptcy in November 2022.…

September 06, 2023 BY Elizabeth Anderson

Bank of England hounded by think-tank over UK interest hikes

The Bank of England (BoE) governor, Andrew Bailey, is due to appear in front of the Treasury Committee to address claims by a think-tank that his economic outlook for 2023 is failing. The Resolution Foundation, an independent British think-tank that aims to bolster low-middle-class income households in the UK, suggested that continued tax hikes for…

September 05, 2023 BY Elizabeth Anderson

Bybit harnessing the brainpower of AI chatbot

Through the integration of these AI abilities, TradeGPT uses real-time market data to perform analyses, make movement predictions, and answer technical questions. The Dubai-based cryptocurrency exchange is not the only one that employs ChatGPT for market insights. Crypto.com has its own AI user assistant, Amy, launched in May 2023. Binance, arguably the world’s foremost crypto…

August 31, 2023 BY Elizabeth Anderson

Binance footprint expansion in Latin America launching ‘Send Cash’

The company views this as a significant move to focus its impact on the Latin American finance market and transform the current financial landscape. Binance typed Send Cash as a win for financial inclusion, which remains an issue in this region as the World Bank’s Global Findex Database 2021 showed that an estimated 42% of…

August 30, 2023 BY Elizabeth Anderson

Grayscale tipping the scales its legal action against SEC

Putting SEC on the backfoot, the court instructed the regulator to take another look at Grayscale’s application. This authority has been opposing the idea of listed spot-market bitcoin investments, despite approving them for futures, for a long time. Don’t miss out the latest news, subscribe to LeapRate’s newsletter SEC argues it cannot approve a spot…

August 30, 2023 BY Elizabeth Anderson

SEBA Bank gets approval-in-principle for Hong Kong crypto-asset operations

Upon receiving the final green light, SEBA Hong Kong’s regulated financial activities will include virtual asset-related products, such as over-the-counter (OTC) derivatives, consulting on securities and virtual assets, and performing asset management for both traditional and virtual securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter This move follows Hong Kong’s introduction of…

August 29, 2023 BY Elizabeth Anderson

Robinhood – 3rd place as largest global BTC holder

In recent months, Robinhood had market tongues wagging and ignited debates as to who owned such a large amount of BTC. To date, this commission-free trading base has not offered a public comment. The lack of a statement did not however stem the tide of speculations. Many believe investment and financial manager, BlackRock, made this…

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