Elizabeth Napolitano

Posted by | January 12, 2024
Genesis Global Trading Pays $8M to Settle New York Lawsuit

Genesis Global Trading has agreed to pay $8 million and give up its BitLicense to settle anti-money laundering and fraud charges against it, New York State Department of Financial Services...

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Posted by | December 29, 2023
FTX Founder Sam Bankman-Fried Won’t Face Second Criminal Trial, U.S. Prosecutors Say

FTX Founder Sam Bankman-Fried will not face a second criminal trial, federal prosecutors said Friday in a letter filed in New York federal court. In the letter, prosecutors suggested a...

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Posted by | December 29, 2023
Binance’s CZ Denied Permission to Travel by U.S. Judge for the Second Time

A federal judge on Friday again denied Binance founder Changpeng "CZ" Zhao's request for permission to travel abroad as he awaits sentencing for criminal charges in the U.S. The ruling...

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Posted by | December 28, 2023
Terraform Labs’ LUNA and MIR Tokens Are Securities, Judge Rules

A U.S. federal judge ruled on Thursday that Terraform Labs, creator of the ill-fated Terra and Luna cryptocurrencies, violated federal securities laws when it sold its cryptocurrencies to the public....

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Posted by | December 28, 2023
Crypto Exchange Catalyx Suspends Trading, Withdrawals Following ‘Security Breach’

The company behind Canadian crypto exchange Catalyx has frozen all trading, deposits and withdrawals following a security breach that involved the loss of some customer funds. CatalX CTX Ltd. said...

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Posted by | December 18, 2023
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

On Monday, Blackrock (BLK) filed a revised spot bitcoin (BTC) exchange-traded fund (ETF) proposal in a bid to appease regulators, likely boosting its odds of securing a first-of-its-kind approval in...

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Posted by | December 13, 2023
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries

A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to...

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Posted by | December 12, 2023
U.S. Presidential Candidates Chat About Crypto, Target Federal Regulators

Three U.S. presidential candidates vowed to reboot the embattled cryptocurrency ecosystem, a sign the industry's lobbying investments could bear fruit in the coming elections. The trio, two Republicans – entrepreneur...

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Posted by | December 9, 2023
Pudgy Penguins to Launch Webkinz-like Virtual World in 2024

Move over, Club Penguin. Pudgy Penguins, the NFT-linked toys that waddled into Walmart earlier this year, are marching into a new industry: online gaming. They'll be chilling in "Pudgy World"...

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Posted by | December 1, 2023
U.S. Judge Warns SEC Over ‘False and Misleading’ Request in Crypto Case

A federal judge on Thursday warned Securities and Exchange Commission (SEC) attorneys that he may sanction them for allegedly convincing a court to freeze a crypto firm's assets under "false...

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