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A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial.  SBF’s defense team and the U.S. Attorney’s office were each given roughly five minutes to argue
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USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot. USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm announced on Sept. 19. According to the Circle’s website, Polkadot USDC is immediately available for developers and users
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Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors. The official announcement noted that the Bitcoin (BTC)-based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Nomura is a Japanese financial giant with
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The interim judicial managers of the collapsed cryptocurrency lender Hodlnaut have reportedly rejected the latest buyout deal amid the settlement token plummeting 90%. Hodlnaut administrators have opposed the takeover terms from cryptocurrency exchange OPNX, which was established by Kyle Davies and Su Zhu, the co-founders of failed hedge fund Three Arrows Capital (3AC). In a
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore. From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center
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This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school.  On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis.
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While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin).  In a blog post on Sept 18, Rupert Schaefer, Executive Director of
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Debtors of the bankrupt cryptocurrency exchange FTX have launched action against the parents of FTX founder Sam Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business. The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, on Sept. 18 filed a lawsuit against SBF’s
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A bill that aims to expand the United Kindom (UK) authorities’ ability to target illicit cryptocurrency usage has been pushed to the final stages for approval by the House of Lords.  The Economic Crime and Corporate Transparency Bill was introduced in September 2022, primarily aimed at tackling crypto-related financial crimes. Over the past year, the
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Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens, while the team looks to open lines of communication to claw back funds. CoinEx representatives unpacked the finer details of their continuing investigation to Cointelegraph as the team works to build and deploy a new
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