UK Empowers Authorities To Seize Crypto Assets In New Law
Economic Crime Act 2023 enables UK authorities to freeze and confiscate crypto used in crime. Stakeholders must adapt to stricter ...
Bitcoin ETFs Hit Mainstream: BofA’s Merrill, Wells Fargo Now Offer Spot Trading
The banks have introduced spot Bitcoin ETFs for eligible wealth management clients. Spot Bitcoin ETFs gained momentum after the SEC's ...
FTX Settles European Expansion Dispute For $33M
The settlement involves selling FTX Europe back to its founders. FTX Europe was found to be non-operational at the time ...
Binance’s $4.3 Billion Plea Deal Approved amid Bid to Amend Zhao’s Bond
Binance's founder, Changpeng Zhao, pleaded guilty to money laundering violations and is required to pay a fine of $50 million. ...
FTX’s Creditors File Lawsuit Against Sullivan & Cromwell Amid Bankruptcy Proceedings
The bankrupt crypto exchanges sued S&C over alleged involvement in fraud. FTX's creditors have cited S&C's financial benefits from FTX's ...
Morgan Stanley Faces $1.6 Million Fine over Regulatory Compliance Lapses
The regulator accused the bank of failing to cancel or close out inter-dealer municipal securities transactions. The violations allegedly occurred ...
Barclays To Acquire Majority Of Tesco’s Banking Operations In $757 Million Deal
Tesco will return proceeds to shareholders after selling banking operations to Barclays. Barclays plans to leverage Tesco's banking infrastructure to ...
UN Probes North Korea’s $3 Billion Cyberattack Spree: Report
The cyberattacks allegedly targeted decentralized wallets and centralized exchanges. UN experts are investigating 58 cyberattacks by North Korea. According to ...
Genesis Seeks Approval To Sell $1.6B Crypto Trust Assets Amid Bankruptcy
The crypto lender aims to maximize funds for creditors amidst potential price fluctuations. Recent SEC's approval allows GBTC conversion to ...
RBC’s American Unit Hit With A $65M Fine Over Risk Management Flaws
OCC imposed a penalty against City National Bank for unsafe practices. The bank has committed to strengthen infrastructure and systems. ...
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