US Financial Stability Oversight Council urges congressional action on crypto
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
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Binance proof-of-reserves removed from the auditor’s site
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site.
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people.
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
"Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat T
Will FTX’s ill wind reach the Global South? Maybe not
In Latin America, "crypto is functional, it has a real utility." It can hedge inflation, provide access to dollars and internationalize wealth.
Crypto blame game back on US Senators’ menu following SBF arrest
While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud.
Investing Retirement Funds in Bitcoin Remains a Good Idea: Senator Lummis
The Republican Senator Cynthia Lummis remains unfazed by the ongoing bear market, saying Americans should feel safe investing their retirement savings in bitcoin. The politician is among the biggest advocates…
SBF To Spend Christmas In Prison After Being Denied Parole By The Bahamas
On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud. As reported…
White House silent on whether it will return $5.2M in donations from SBF
A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF.
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