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US Prosecutors Accuse Former FTX Exec Ryan Salame of Connection to Chinese Bribery Scheme
Former FTX co-CEO Ryan Salame faces a new legal challenge as U.S. prosecutors have linked him to an alleged bribery scheme involving Chinese officials. This development adds to Salame’s ongoing legal woes following his guilty plea to campaign finance violations... -
Fed Orders Texas Bank to Stop Working with Crypto Firms Over Compliance Issues
The United States Federal Reserve issued a cease and desist order to United Texas Bank over problems with how it manages risks, especially concerning crypto clients. The order, made public on September 4, points to "significant deficiencies" in the bank’s... -
Nvidia Stock Continues Its Slump Amid Reports of Subpoena from DOJ
Nvidia stock, which fell nearly 9.5% yesterday, is trading lower in early US price action today also after reports that the US Department of Justice (DOJ) has issued a subpoena to the chip designing company. “Antitrust officials are concerned that... -
Coinbase CLO Encouraged by Harris Campaign’s Interest in Crypto
On September 3, Paul Grewal, the Chief Legal Officer (CLO) at Coinbase, shared his thoughts about Kamala Harris' campaign in the cryptocurrency sector. As the 2024 election nears, crypto voters are watching closely, and Grewal is encouraged by the attention... -
Binance Executive Tigran Gambaryan Calls Out Harsh Treatment in Nigerian Detention
On September 2, the video of Tigran Gambaryan, a detained Binance executive facing money laundering charges, went viral as he publicly protested his treatment by Nigerian authorities. He was seen in the video crying out in pain and pleading for... -
OKX Secures Major Payment License in Singapore, Expands Regional Footprint
Global cryptocurrency exchange OKX has taken a significant step forward in its expansion strategy by securing a Major Payment Institution (MPI) license from Singapore's central bank, the Monetary Authority of Singapore (MAS). This license allows OKX to offer digital payment... -
Crypto Executives to Raise $100K for Kamala Harris to Support Crypto-Friendly Policies
A group of crypto executives and industry advocates is organizing a fundraiser to raise $100,000 for U.S. Vice President Kamala Harris, reflecting the interest of some players in the industry to back Harris over her rival, Donald Trump Harris Gets... -
Binance Faces Allegations of Seizing Palestinian Funds; Noones CEO Urges Boycott
Binance, a major cryptocurrency exchange, recently faced allegations of seizing all funds from Palestinian users at the request of the Israeli Defense Forces. The CEO of Binance responded to these claims, but the controversy has sparked criticism. Ray Youssef, the... -
Berkshire Hathaway’s Cash Pile Set to Rise as Warren Buffett Cuts Bank of America Stake
Regulatory filings show that Berkshire Hathaway, which Warren Buffett leads, continues to cut the conglomerate’s stake in Bank of America and has trimmed the holdings by 15% since it started selling shares in mid-July. These stock sales could further add... -
BIS Committee Warns Banks Using Permissionless Blockchains
The Basel Committee on Banking Supervision, part of the Bank for International Settlements (BIS), has released a new paper highlighting significant risks for banks that engage with permissionless blockchains. The 25-page document, titled "Novel risks, mitigants and uncertainties with permissionless...
