Former FTX executive Nishad Singh is a free man after being a key witness against Sam Bankman-Fried and aiding in bankruptcy recoveries.

The U.S. Treasury Department's panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the kind of heavy central hand that may rankle the crypto sector.

Halloween in the Metaverse allows users from across the globe to celebrate the holiday, increasing user engagement. The post Celebrate Halloween In The Metaverse With Crypto Rewards and Costumes appeared first on Cryptonews.

Nishad Singh was the fourth former FTX executive to be handed a punishment for his role in the collapse of the crypto exchange in late 2022.

Nishad Singh, former engineering director at defunct exchange FTX, was sentenced to time served and three years of supervised release on Oct. 30 for his role in misappropriating user funds and violating campaign finance laws.

Nishad Singh, FTX's former engineering director, was sentenced on Wednesday after pleading guilty to criminal charges, including fraud.

Nishad Singh, former director of engineering at FTX, has been sentenced to time served with three years of supervised release for his role in the exchange's collapse. He will not serve any prison time.

A group of on-chain sleuths claims that MrBeast, aka Jimmy Donaldson, earned millions from several questionable crypto promotions. The investigation reveals a complex network of alleged crypto activities tied to the YouTube sensation.

Singh is the fourth FTX executive to be sentenced for his role in the fraud.

Bitwise CIO Matt Hougan predicts a Trump victory could drive a surge in altcoin prices due to anticipated regulatory shifts while Bitcoin could hit $100,000 in 2025. The post Trump Win Could Spark Altcoin Rally, Says Bitwise's Matt Hougan appeared first on Cryptonews.

Joe Lubin argued that the SEC's aggressive actions and Congress's inaction created uncertainty, resulting in costly legal battles for businesses.

Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX's debtors after the exchange's collapse.

The United States Treasury Department is taking an interest in stablecoins and tokenization.

Coinbase rolls out Visa Direct for millions of customers, enabling real-time transfers for scrupulous market timing.

Chainlink (LINK) creator Sergey Nazarov says that the blockchain industry could grow by hundreds of trillions of dollars due to one main catalyst.

Kraken hinted that its managerial structure would be reformed, without explaining the details.

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report.

In its most recent report examining the implications of digital assets, the US Treasury noted that the “growth in stablecoins has resulted in a modest increase in demand for short-dated Treasuries.” The 132-page report, released for the Treasury Borrowing Advisory Committee, discusses digital assets, focusing on major players like Bitcoin and stablecoins.

A recent investigation has linked YouTube star MrBeast to over 50 crypto wallets involved in alleged pump-and-dump schemes, with claims that he profited more than $23 million from promoting low-cap tokens. The post Investigation Connects MrBeast with 50+ Crypto Wallets Tied to Insider Trading Allegations appeared first on Cryptonews.

John Ray emphasized that Singh's insights into FTX's operational structure and digital infrastructure are irreplaceable when tracing missing assets. Since the exchange declared bankruptcy, Singh has played a central role in providing details on complex transactions, data systems, and accounts that remain under investigation.

With the US election almost here, it has become necessary to highlight the top US politicians who oppose cryptocurrency in the country. This is important, considering that the crypto industry's fate in the country could depend on whether these individuals are elected.

Kraken announced on Oct. 30 a round of layoffs described as “organizational changes” designed to streamline operations and refocus its mission and appointed Arjun Sethi as its co-CEO. Sethi is the co-founder of the venture capital fund Tribe Capital.

American crypto exchange Kraken has hired a new co-CEO, but also revealed layoffs in a move to become "leaner," the firm said.

Bitcoin (BTC) started a bullish movement above $70,000, renewing the market's optimism amid an all-time high open interest (OI). As the leader goes up, traders and investors start positioning in altcoins, which are expected to follow the movement.

A Hong Kong court ruled against JPEX and an associated business in a cryptocurrency fraud lawsuit. This marks the first legal decision in Hong Kong's largest alleged financial fraud case, involving over 2,600 victims and losses totaling $206 million. The court ordered the recovery of $238,000 and set a precedent for future legal action against JPEX. The post JPEX Fraud Case Sees Hong Kong Court Rule in Favor of Investors appeared first on Cryptonews.

Kraken reportedly fired 15% of its workforce, two people with insider knowledge told a New York Times reporter.

Top US crypto exchange Coinbase is announcing a partnership with credit card giant Visa for real-time account-to-account transactions.

Kraken has gone through a round of layoffs in a bid at operational efficiency, a representative confirmed to The Block.

Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax.

Jeff Li, with extensive experience in product development from Web2 and Web3, joins Binance to drive product innovation and expand global crypto adoption.

In a recent interview, former President Donald Trump incited a game-changing idea that could disrupt the crypto industry and kindle excitement among U.S.-based crypto investors: making crypto transactions tax-free. This proposal if implemented, would eliminate capital gains taxes on crypto transactions, and make way for a bold new approach to digital currency in America.

A report from Loock Advising suggests that popular YouTuber MrBeast has conducted crypto/NFT insider trading. Through public endorsements and a network of secret wallets, he profited at least $23 million.

FTX CEO John J. Ray III urged the court to keep former engineering director Nishad Singh out of prison, arguing that his continued freedom would help maximize asset recovery for the exchange's creditors.

Kraken announced layoffs Wednesday as the crypto exchange looks to shift its organizational structuring.

MrBeast, the renowned YouTuber under some trouble recently allegedly traded crypto under 50 wallets and across exchanges like Binance and Gemini.

TL;DR Despite an increase in revenue in the third quarter, Coinbase faces a challenging market and has lost the confidence of retail investors. The exchange's shares have grown 27% this year. However, they are 40% below their all-time high. Coinbase is diversifying its revenue sources. Approximately half comes from institutional trading and non-trading services.

Florida chief financial officer Jimmy Patronis asked the State Board of Administration to supply a report on the potential of allocating some state retirement system funds to digital assets.

Tokenized funds could reshape asset management, driving billions in value for both investors and financial institutions. A report, co-authored by Boston Consulting Group (BCG), Aptos Labs, and Invesco, projects that tokenized fund assets under management (AUM) could reach over $600 billion by 2030, equivalent to 1% of the global AUM for mutual and exchange-traded funds.

Singapore's Monetary Authority (MAS) has granted Gemini preliminary approval to offer its services in Singapore. The preliminary approval allows Gemini to provide cross-border money transfers and digital payment token services.

The U.S. Treasury said it estimates that $120 billion of stablecoin collateral has been invested in Treasuries.

Ubisoft Entertainment SA (OTC:UBSFF) has officially released its first blockchain game, Champions Tactics: Grimoria Chronicles. The game, which is a tactical NFT battler, was announced last June and has now launched on PC.

The founder of a cryptocurrency financial services firm pleaded guilty on Wednesday to engaging in a scheme to manipulate the market for digital tokens, including one created at the FBI's behest to help ferret out fraud in the crypto sector.

rFormer crypto executive Nishad Singh is ready to find out his sentence on Wednesday for his role in his one-time boss Sam Bankman-Fried's misappropriation of an estimated $8 billion in customer funds from the now-bankrupt FTX exchange. Singh pleaded guilty to six felony counts of fraud and conspiracy, testifying as a prosecution witness last year

The proposed ETF holds a diverse basket of crypto assets, include altcoins. It may face competition.

On-chain analytics provider Solonchain highlighted a whale who made more than $2.5 million trading several meme coins, such as Goatseus Maximus (GOAT). What Happened: The whale's recent successful trades include accumulating LUCE, GOAT and FWOG, making significant profits of 533%, 1788% and 1,200%, respectively.

With the rising institutional interest in digital assets, Tanya Solati, vice president of business development at Propy, recently shared her perspective on why firms like BlackRock and PayPal are increasing their involvement in the blockchain space. Solati will speak at the upcoming Benzinga Future of Digital Assets event, focusing on regulatory changes and their impact on digital finance.

Donald Trump is working hard to win over the crypto industry in this election. He wants to make America “the crypto capital of the planet,” has started his crypto project, spoke at the Bitcoin conference in Nashville, and plans to fire SEC Chair Gary Gensler right away if he wins.