FTX’s demise caused massive disruption and a severe impact on the entire market. Justice was partially served after Sam Bankman-Fried was arrested. Yet, he was granted a whopping $250 million bail and is currently under house arrest. While his parents were part of this bond, the other two guarantors remained under wraps. However, that might change soon going forward. According […]
US federal prosecutors have seized nearly US$700 million in cash, stock and assets related to FTX Founder Sam Bankman-Fried, who is suspected of misappropriating customer funds. Most of the funds seized were in the form of Robinhood shares owned by Sam Bankman-Fried. John Ray, who succeeded Bankman-Fried as CEO to guide FTX’s restructuring, was trying […]
Cryptocurrencies are gaining popularity day by day. The ease of making payments and the sending and receiving of funds has been one of the reasons for this popularity. Every now and then we witness payment merchants collaborating with others to incorporate cryptocurrency payments. In one of the recent announcements, it has come to light that a […]
Huobi Global is currently facing a critical situation, in which the USDD stablecoin price continues to fall and loses its peg (depeg). According to research from data provider Kaiko, Justin Sun, who is the founder of Huobi Global, has lost 18 percent of its volume market share since 2020 and must rack his brains to […]
Banque de France governor Francois Villeroy de Galhau is advocating for stricter regulations for crypto companies in France, according to a Bloomberg report. This will lead to the European Union Law on Crypto Asset Markets (MiCA), which will establish a licensing system for crypto trading and is expected to be made in February for its […]
The Commodity Futures Trading Supervisory Agency (Bappebti) revealed that the transaction value of crypto assets from January to November 2022 reached IDR 296.66 trillion, down compared to 2021 which amounted to IDR 859.4 trillion. “There is a decline of more than 50 percent,” said Acting Head of CoFTRA at the Ministry of Trade Didid Noordiatmoko […]
Indonesian Minister of Finance, Sri Mulyati managed to collect crypto tax revenue of $15,820,389 throughout 2022. For information, the taxation of crypto assets takes effect from May 1, 2022. The government considers that crypto assets are developing widely and becoming trading commodities, so they are worthy of being used as tax objects. Income tax applies […]
The United States Attorney’s Office for the Southern District of New York (SDNY) has established an FTX Task Force to track and recover stolen customer funds, and handle investigations and prosecutions related to the FTX exchange crash. The announcement was made through a statement from US Attorney Damian Williams who is the federal attorney in […]
Runtuhnya perusahaan pertukaran kripto FTX menyebabkan penggunanya di seluruh dunia tidak bisa menarik atau memindahkan dananya. Pengguna FTX di Jepang mulai bulan depan kabarnya bisa memindahkan dananya dari pertukaran kripto tersebut. Pihak FTX Jepang mengatakan sedang mengembangkan sistem untuk melanjutkan penarikan melalui situs web Liquid Japan. Dengan begitu, nantinya pengguna FTX bisa menarik atau memindahkan […]
Kreditur dari pertukaran kripto yang mati, Mt.Gox memiliki waktu hingga Januari 2023 untuk mendaftar dan memilih metode pembayaran sebagai bagian dari rencana dimana mereka akan diberi kompensasi atas kerugian mereka diduga sekitar 141.000 Bitcoin. Menurut pengumuman 6 Oktober 2022 dari perwakilan Mt.Gox, Nobuaki Kobayashi, kreditur memiliki waktu hingga 10 Januari 2023 untuk memilih metode pembayaran dan […]
