Why was Ryan Salame given a sentence longer than prosecutors recommended?
U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison.
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Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express
Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express

Price Analysis 14/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
A draft report by the G7 group of nations outlined the risks associated with “global stablecoins.” The report said: “No stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks are adequately addressed.” This report is likely to increase the troubles for Facebook’s Libra project.Former Commodity Futures Trading Commission chairman Christopher…

New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission looks to block large, anonymous transfers of cryptocurrency in an effort to limit money laundering activity. 2436 Total views 10 Total shares The European Commission has submitted a new proposal that would require crypto-asset service providers to collect additional Anti-Money Laundering information from those who utilize cryptocurrency for money transfers. The stated…

Crypto compliance ‘no longer optional’ under Australia’s new draft guidelines
Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry will drive innovators offshore.

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services
Major U.S. crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched “Coinbase Custody,” its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, Electronic Transaction Clearing (ETC), that…

FDIC releases 790 pages of crypto-related letters in regulatory pivot
“The FDIC also looks forward to engaging with the President’s Working Group on Digital Asset Markets,” acting chairman Travis Hill wrote.

SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca
Grayscale must await final regulatory signoff on its registration filing before listing the fund

MGA Entertainment and Ioconic launch L.O.L. Surprise NFT platform in 20,000 retail stores worldwide
The collectibles will be available at 20,000 retail locations including Walmart, Target, Walgreens. 515 Total views 32 Total shares Toy company MGA entertainment announced Tuesday that the first nonfungible token (NFT)-based cards for the L.O.L. Surprise trading card game are now available for purchase.The company entered into a partnership with digital asset consultancy firm Ioconic in September and…