The U.S. Justice Department has stated that it would drop multiple criminal charges filed against FTX Sam Bankman-Fried if the Bahamian government says that they violated the terms of his extradition.
Summary: Huobi HK applied for a virtual asset exchange license after setting up shop locally in Hong Kong. The new division of Huobi will now allow retail and institutional customers to trade crypto spot pairs through the main exchange website. Other trading venues hope to apply for a similar license...
Summary: Gemini and Genesis moved to throw out a lawsuit built on securities violation claims made by the U.S. Securities and Exchange Commission. In January, the U.S. watchdog filed a suit arguing that Gemini and Genesis offered unregistered securities and ignored investor protection procedures. Crypto exchange Gemini filed that the...
A recent court filing made by FTX's bankruptcy estate revealed that current CEO John Ray III spent several hours last month working on a revival plot for the bankrupt crypto exchange. The news led to a 16% surge in FTT's price.
Gemini's recently launched derivatives trading platform has been reprimanded by the securities regulator of Philippines for offering securities with the necessary licenses and registration.
The bankruptcy court has given Voyager the green light to wind down its operations and distribute remaining assets to customers. The Chapter 11 plan laid out repayment of just 35% of the customers'' claim amount
The UK House of Commons Treasury Committee has published a report compelling the government to regulate trading of unbacked crypto as gambling rather than financial activity.
Judge Analisa Torres has denied the SEC's motion to seal the infamous Hinman Documents. The regulator will have to hand over the documents to Ripple as part of the discovery process.
Summary: 27 member states in the EU’s council wholly supported the bloc’s Markets in Crypto Assets regulation or MiCA during a vote on May 16. European Union ministers also backed new crypto tax laws mandating that operators disclose users’ holdings to relevant agencies as lawmakers hope to mitigate tax evasion....
