Caroline Ellison, former CEO of Alameda Research, has reported to prison to begin a two-year sentence following her involvement in the FTX scandal.

The California state regulator suspended the collapsed crypto lender's license in November 2022. It blamed the platform for failing to consider borrowers' ability to repay their loans, among other things.

SEC Commissioner Mark Uyeda, known for his vocal criticism of the agency's approach to crypto regulation, is backing President-elect Donald Trump's pledge to end what many see as the Biden Administration's anti-crypto crackdown. Uyeda, who joined the SEC in 2022, could assume the acting chair role when Trump takes office in January 2025.

Robinhood's legal chief, Dan Gallagher, is reportedly one of the top picks to head the SEC under Trump, who promised to fire its current chair “on day one.”

Key Points:

Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.

WonderFi CEO was forced into a vehicle but released after a ransom was paid.

North Korean hackers are now using phishing emails instead of their previous tactic of social media grooming, a research firm has found.

According to a recent report by Reuters, SEC Commissioner Hester Peirce is not interested in spearheading the agency.

Detroit's got something different in store for 2025: it's letting residents pay taxes and fees in cryptocurrency. This makes Detroit the largest U.S. city aiming to add crypto to its accepted payment methods. This is a bold move for a city eager to embrace tech innovation.

The co-founder and former Chief Technology Officer of the collapsed FTX exchange, Gary Wang, pleaded with the court in a November sentencing submission to consider not giving him a prison sentence for his contribution to the FTX collapse. In the November 6 filing, Wang's legal team explained that Wang remained an important contributor to securing evidence against the former FTX CEO Sam Bankman-Fried.

Gary Wang, FTX's co-founder, has asked through his legal team for a non-custodial sentence in a memo filed last November 6th in connection with the United States v. Sam Bankman-Fried.

Canaan Inc. has unveiled an upgraded Avalon Miner A15 series, boasting improved hash rates and power efficiency to meet the growing demands of cryptocurrency mining.

Significant changes are on the horizon for the SEC, predicts Coinbase's legal chief, who foresees a Trump-led agency narrowing its focus to fraud instead of sweeping industry crackdowns. SEC Faces Reckoning — Crypto Industry Awaits New Dawn in Washington Coinbase Chief Legal Officer Paul Grewal foresees “significant changes” to the U.S.

The potential departure of SEC Chair Gary Gensler after Trump's presidential victory is sparking a rally in cryptocurrencies, especially Ether, amid hopes for lighter regulation.

Dean Skurka, CEO of Toronto-based WonderFi Technologies, was reportedly abducted in downtown Toronto during rush hour on November 6. The post Crypto Firm CEO Kidnapped, Freed After Paying $1 Million Ransom: Report appeared first on Cryptonews.

Starting in mid-2025, Detroit tax payments will accept cryptocurrency, facilitated through PayPal's secure platform.

A newly elected, pro-crypto Congress is set to reshape U.S. policy, says Coinbase CEO, with 281 advocates ready to drive clear regulations and economic freedom.

The Fed interest rates cut by 0.25%, lowering the target range to 4.50%-4.75%, continuing its efforts to adjust monetary policy.

Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.

In an event that shocked the crypto space, the CEO of WonderFi- a Canada crypto leader firm got kidnapped. He was kidnapped during rush hour in Toronto's busy downtown. How were kidnappers able to pull this off in a crowded area? Let's dig deeper into this case to understand what actually happened.

Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees, top officials from the city said in a Thursday press release. What Happened: Residents would have the option to use cryptocurrencies to pay for utilities through a secure platform managed by PayPal.

Explore ChatGPT's insights on blockchain gaming's future, discussing digital ownership, NFTs, and industry challenges as the gaming world evolves.

A pro-crypto Congress takes shape as more than 280 newly elected crypto-friendly allies promise to drive bold reforms, fueling momentum for a decentralized financial future. A New Congress Emerges, Driven by Crypto Voters and Rising Influence The U.S.

Trump's transition team is considering Robinhood CLO Dan Gallagher, Paul Atkins, and Robert Stebbins as candidates for SEC chair, with a decision expected soon.

In the lead up to the United States presidential election, Republican candidate Donald Trump made more than a few promises for the crypto industry. Now that he has been elected, big changes could be on the horizon.

Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.

The Yemassee monkey escape sparks memes, conspiracies, and Hollywood nostalgia.

President-Elect Donald Trump's transition team is considering a roster of corporate attorneys and Republican regulators for leadership roles in key financial agencies, with plans to present a finalized shortlist soon, Reuters reported Nov. 7, citing sources familiar with the discussions.

Republican SEC Commissioner Mark Uyeda suggests pausing new enforcement actions against firms that have failed to register with the commission until clear rules of the road in place

Cryptocurrency-executive-turned-government-witness Caroline Ellison's stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson.

Ohio's Senate race delivered a major win for the crypto industry, as Bernie Moreno unseated crypto critic Sherrod Brown, signaling a shift toward pro-digital finance leadership.

A South Korean financial regulator will make “a final decision” on whether or not to approve corporate crypto investment next month. The post South Korean Regulator to Rule on Corporate Crypto Investment Next Month appeared first on Cryptonews.

Detroit is setting a national precedent by becoming the largest US city to accept crypto for taxes and city fees. City officials announced on Nov. 7 that residents will be able to pay these expenses with crypto starting in mid-2025 through a secure platform operated by PayPal.

A ransomware gang insists on being paid with $125,000 worth of baguettes, though reportedly the hackers would be happy with Monero too.

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX's sister company Alameda Research – will begin her two-year sentence after serving as the prosecution's star witness.

WonderFi CEO Dean Skurka reportedly said in an email that he is “safe” now and that no company funds and data were impacted.

The first cryptocurrency appeared in 2009, and today, its name is known by almost everyone — Bitcoin.

Cryptocurrency is still in the spotlight, and with the year winding down, a lot of us are looking at what coins have the potential to be solid investments in the long run. The market has seen its ups and downs, but some coins continue to show real growth.

Poland's financial regulator placed Crypto.com's operator, Foris DAX MT, on its warning list for offering unauthorized financial services.

A token swap, or crypto swap, is like trading your favorite Pokemon cards with anyone you like online.

Detroit enables crypto tax payments by 2025, integrating blockchain to modernize services and boost economic growth in the city. The post Detroit to become largest US city to accept crypto payments for taxes appeared first on Crypto Briefing.

Two men have been convicted in a £1.5 million cryptocurrency fraud case, having defrauded at least 65 investors through cold calls and fake investment opportunities, prompting the FCA to warn the public about suspicious investment offers. The post Two Convicted in £1.5M UK Crypto Fraud Case appeared first on Cryptonews.

Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections.

Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit's Office of the Treasury.

Paul Giordano, vice president of digital assets at MARA, shared his perspective on the European Union's upcoming Markets in crypto-assets (MiCA) regulation. MiCA aims to set clear guidelines for the cryptocurrency industry across the EU.

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services.