Cryptocurrencies News

By Luc Cohen and Chris Prentice NEW YORK (Reuters) – When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize “rooting out corruption in our financial markets.”

NEW YORK (Reuters) – Charges brought by U.S. prosecutors against Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, on Tuesday were among the highest-profile brought against a crypto player. It was the latest in a string of cases involving digital assets that U.S. regulators and

By Jasper Ward and Brian Ellsworth (Reuters) – Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 U.S. State Department report, though local authorities says conditions have since improved.

By Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed.

Fed expects higher unemployment and lower GDP growth in 2023, compared to its September projections.

SINGAPORE (Reuters) – Deposits are returning and “things seem to have stabilised” at Binance, its chief executive said on Wednesday, a day after it had a sharp increase in withdrawals and paused some stablecoin transactions.

FRANKFURT (Reuters) – Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability.

By Angus Berwick, John Shiffman and Koh Gui Qing

By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried was expected to appear before a magistrate in the Bahamas on Tuesday as U.S. authorities prepared to unveil criminal and civil charges against the former CEO of the bankrupt cryptocurrency exchange.

By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried’s failure to secure release on bail in the Bahamas on Tuesday increases the likelihood that he will consent to extradition to the United States to face fraud charges, legal experts said.

WASHINGTON (Reuters) – The U.S. Securities and Exchanges Commission on Tuesday announced charges against the founder of cryptocurrency exchange FTX, Sam Bankman-Fried, accusing him of defrauding investors in what regulators called “a house of cards.”

SYDNEY (Reuters) – Australia’s central bank wants mobile wallet providers to offer least cost routing options for merchants by the end of 2024, under new regulatory powers set to be granted by the government.

By Alison Frankel (Reuters) – Federal prosecutors and regulators from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission all told a similar story on Tuesday about Sam Bankman-Fried’s alleged scheme to divert billions of dollars of customers’ money from the FTX crypto

By Hannah Lang and Tom Hals (Reuters) – FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with defrauding investors in what regulators called a “brazen, multi-year scheme” that ended when his empire

NASSAU (Reuters) – Former FTX CEO Sam Bankman-Fried’s lawyer on Tuesday requested bail for the one-time crypto magnate after Chief Magistrate JoyAnn Ferguson-Pratt ruled that Bankman-Fried had the right to apply for it.

NASSAU (Reuters) – Former FTX CEO Sam Bankman-Fried’s hearing in a Bahamas magistrate court is adjourned until 2:15 p.m. (1715 GMT) on Tuesday to consider whether the court has jurisdiction over bail, said Chief Magistrate JoyAnn Ferguson-Pratt, who is overseeing the hearing.

(Reuters) – Here are reactions to accusations of fraud and other charges brought on Tuesday against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX.

LONDON (Reuters) – Binance, the world’s biggest crypto exchange, said on Tuesday it had “temporarily paused” withdrawals of the major stablecoin USDC.

By Hannah Lang WASHINGTON (Reuters) – Shortly after U.S. regulators on Tuesday charged FTX founder Sam Bankman-Fried with defrauding investors, its new chief executive told lawmakers the crypto exchange’s implosion stemmed from poor management practices and inexperienced individuals at the helm.

The exchange had to pause withdrawals of USDC stablecoin.