Woman who defrauded Bybit of $5.7M gets 10 years in prison: Report

FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as…

The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020. 4522 Total views 23 Total shares A U.S. federal court has granted authorization to the Internal Revenue Service, or IRS, to serve a John Doe summons to fintech firm Circle…

Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin criticism. Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin (BTC) naysaying.On May 6, Zhao, better known in the industry as CZ,…

Deutsche Boerse invests $12 million in new holding company 360X to develop blockchain-based digital marketplaces featuring NFTs. 2762 Total views 18 Total shares German securities marketplace Deutsche Boerse and major bank Commerzbank have jointly invested in a new holding company which plans to focus on blockchain technology and digital assets.Deutsche Boerse announced Thursday that the…

Former CFTC royalty and current leaders of a U.S.-based think tank to promote a digital dollar talk privacy in new AMA. As part of the virtual conference Consensus 2020, three leaders of the Digital Dollar Project held an AMA on May 11 in which they went at length into their thoughts for the future of…

USD Coin (USDC) issuers Circle have announced that it will soon roll out its stablecoin across five additional networks including Polkadot, Optimism, NEAR, Arbitrum and Cosmos. The firm first dropped the news at the Converge22 event on Sept. 28, and noted that support for most of these blockchains will be rolled out by the end…

Rumors are circulating in Iran that authorities already have access to messages on WhatsApp, one of the few unblocked platforms in the country. 2264 Total views 13 Total shares Signal is reportedly under attack from Iranian authorities as interest is surging amid speculation the government already has access to users’ information on other popular messaging…

“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime. 248 Total views 13 Total shares Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks. According to a June…