Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers, requiring a thorough pre-screening process for new tokens.Source …
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DOJ seeks to bar Sam Bankman-Fried’s expert witnesses from testifying
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman-Fried’s expert witnesses from testifying on the case. Source …
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DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday.Source …
Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said.Source …
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Laos drought pulls the plug on crypto mining electricity supply
The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants. Source …
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Judge to hear Sam Bankman-Fried’s defense against 4M pages of new evidence
Judge Lewis Kaplan ordered the government to respond to Bankman-Fried’s counsel concerning appropriate access to discovery materials, as well as a request barring prosecutors from using new evidence. …
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SEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimony
John Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on. Source …
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