Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin
The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. Go to Source
Law
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Crypto collapses generate hundreds of millions of dollars for lawyers
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said. Go to Source
Australian lawmakers send back crypto bill by Andrew Bragg
Introduced in March 2023, Australia’s bill on digital asset market regulation has faced a series of report delays by the Senate, and it’s now been sent back for amendments. Go to Source
Bitcoin ETF applications: Who is filing and when the SEC may decide
Despite BlackRock’s application for a Bitcoin spot ETF, its approval remains uncertain, with the SEC favoring another futures-based Ether ETF. Go to Source
UK MPs call for global alliance to tackle AI misuse
This collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse AI for their objectives. Go to Source
FTX founder’s expert witnesses would cost up to $1.2K an hour
Sam Bankman-Fried’s potential expert witnesses could charge more than the U.S. prosecution witnesses, according to court filings. Go to Source
Genesis lenders call DCG agreement ‘wholly insufficient’
The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal. Go to Source
DOJ calls SBF’s fraud allegation defense ‘irrelevant,’ requests additional info
The U.S. Department of Justice has issued a new court filing in its case against Sam Bankman-Fried in which it called his planned defense “irrelevant” without additional details. Go to Source
South Korean parliament rejects motion to expel lawmaker over crypto scandal
South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3:3 vote in the expulsion motion. Go to Source
Sealing docs in Binance case could suggest a criminal probe, says former SEC official
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret. Go to Source