According to a filling by the Nasdaq stock exchange with the U.S. Securities and Exchange Commission (SEC), Coinbase (NASDAQ:COIN) Custody Trust Company would be the custodian of the fund’s Bitcoin holdings and Bank of New York Mellon (NYSE:BK) would custody its fiat. BlackRock’s iShares Bitcoin Trust would be traded as Commodity-Based Trust Shares. Continue Reading on Coin Telegraph More
According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5.4 million in addition to Sotheby’s premium fees, totaling just over $6.2 million. The nonfungible token (NFT) artwork was part of 3AC’s digital portfolio assembled in 2021. Su Zhu and Kyle Davies, 3AC’s co-founders, purchased ‘The Goose’ in August 2021 for 1,800 Ether (ETH), roughly $5.8 million at the time.Continue Reading on Coin Telegraph More
Similarly, Joseph Chan Ho Lim, Hong Kong’s Under Secretary for Financial Services and the Treasury, revealed in an interview that The Hong Kong Monetary Authority has conducted public consultations on the launch of stablecoins and is in the process of establishing a regulatory framework by the end of the year. “Hong Kong will continue to support the development of the industry in the future and welcomes the industry and talents to come to the SAR,” the politician said. Continue Reading on Coin Telegraph More
According to the report, both agencies are investigating Goldman Sachs’ actions during its failed capital raise before the collapse of SVB. The Justice Department has also reportedly issued a subpoena to Goldman Sachs as part of its investigation into SVB.Continue Reading on Coin Telegraph More
The civil sanctions against Davies for his contempt include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance. The motion does not apply to Su Zhu, the fellow co-founder of the bankrupt hedge fund. Due to his Singaporean citizenship, Zhu is not subject to the jurisdiction of the United States courts, Cointelegraph learned from Teneo, the firm serving as liquidator in the case.Continue Reading on Coin Telegraph More
According to a June 15 report from The Wall Street Journal, Judge Lewis Kaplan of the District Court for the Southern District of New York was considering whether to dismiss or separate charges in Bankman-Fried’s criminal case after an “imaginative” argument from the former FTX CEO’s legal team. Bankman-Fried’s lawyers filed a motion that argued he should not face charges that had not been included in the extradition papers from the Bahamas to the U.S. in 2022.Continue Reading on Coin Telegraph More
In a notice posted to the European Securities and Markets Authority (ESMA) website on June 12, regulators said the consultation packages would cover the authorization, governance, conflicts-of-interest and complaint-handling procedures of MiCA starting in July 2023. The measures will be subject to approval by the European Commission, European Parliament and European Council. Continue Reading on Coin Telegraph More
NEW YORK (Reuters) -U.S. prosecutors on Wednesday asked a judge to hold a separate trial for Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, who faces new charges of foreign bribery, bank fraud and conspiracy.Prosecutors added those charges this year, after Bankman-Fried’s December 2022 extradition from the Bahamas in the wake of FTX’s collapse. An initial eight-count indictment accused the one-time billionaire of stealing billions of dollars from FTX customers and lying to investors and lenders. Bankman-Fried, 31, has pleaded not guilty to all 13 counts. He had asked U.S. District Judge Lewis Kaplan in Manhattan to dismiss the new charges or alternatively separate them from his Oct. 2 trial. A court in the Bahamas, where FTX was based, on Tuesday temporarily barred the country’s government from agreeing to let U.S. prosecutors pursue the new charges. In Wednesday’s court filing, federal prosecutors in Manhattan cited uncertainty around the decision from the Bahamas, and asked Kaplan to schedule a trial on the five counts for the first quarter of 2024. Prosecutors have said they will drop the charges if the Caribbean nation does not consent to them. Kaplan is expected to hear arguments on Thursday at a 10:30 a.m. EDT (1430 GMT) hearing. Lawyers for Bankman-Fried have asked that at least 11 of the charges be dismissed. They have said the Bahamas also did not consent to a charge of violating U.S. campaign finance laws brought before his extradition. More
