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Sam Bankman-Fried sues insurance company for defense costs as trial opens

SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.

Alex Mashinsky's jury trial scheduled for September 2024

According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.

As trial begins, Sam Bankman-Fried's lawyers push to exclude testimony from FTX users

Sam Bankman-Fried's legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets.

Singer Vérité’s fan-first approach to Web3, music NFTs and community building

Many see music as the next frontier of blockchain adoption, and musician Vérité reveals what a fan-first approach to Web3 looks like.

Kazakh crypto miners plead with president to cut energy prices

Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev.

Head of Portugal Central Bank deems crypto unsustainable, calls for global regulation

Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts.

Singapore awards major payment institution license to Sygnum Bank subsidiary

Sygnum Singapore plans to expand its regulated offering to Asia–Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph.

Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

Celsius seeks court approval to start repaying customers by year-end

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.

Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm.

6 Questions for JW Verret — the blockchain professor who’s tracking the money

J.W. Verret is the “Blockchain Professor.” He may be tracking your money, but he’s advocating for crypto.

Class-action suit filed against Binance for alleged harm to FTX before its collapse

A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.

Investors drop class-action lawsuit against Terraform Labs and Do Kwon

The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.

Volatility Shares cancels ETH-ETF futures launch, ‘didn’t see the opportunity at this point in time’

The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”

One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam

CFTC chair Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.

Book describes Sam Bankman-Fried with little attention span or respect for appointments

The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute.

SEC continues to delay decisions on crypto ETFs: Law Decoded

The latest delays came two weeks before the second deadline for many applicants.

Parliamentary committee calls for shutdown of Worldcoin in Kenya

The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.

Grayscale submits SEC filing to convert Ethereum Trust to spot ETF

Grayscale has filed an application with the U.S. SEC to convert its Ethereum Trust to a spot Ethereum ETF.

IMF working paper proposes country-level assessment matrix for crypto risks

The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators.

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