The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million. Source link
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Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100…
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Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom. Source link
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Quick Take The highly anticipated Hong Kong exchange-traded funds (ETFs) tracking Bitcoin and Ethereum had their first trading day, and while the volume figures may have appeared underwhelming at first glance, senior Bloomberg ETF analyst Eric Balchunas explained that the debut was actually quite strong. The ETFs traded a combined…
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Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws. Source link
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The US Department of Justice (DOJ) announced criminal charges against Roger Ver alongside his arrest on April 30. The DOJ charges include mail fraud, tax evasion, and filing false tax returns. The mail fraud charges are related to the delivery of forms to three IRS addresses. Ver was arrested in Spain…
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Prosecutors initially sought to charge the former Binance executive with 36 months. Source link
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The Newconomics events organization has launched a new podcast, offering an in-depth look at the rapidly evolving world of blockchain, crypto, and the emerging web3 landscape. The Newconomics Podcast, hosted by Megan Carnegie and Hervé Larren, promises to deliver bi-weekly episodes that explore the future of technology and its real-world…
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Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond. Source link
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House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against…