Business
A judge ruled that evidence related to SBF’s political contributions was directly linked to the wire fraud scheme on FTX’s customers.
JPMorgan’s digital bank cited an uptick in scams and fraud related to crypto as the reason behind the decision.
Bitcoin
In a letter to Gensler, Reps. Mike Flood, Tom Emmer, Wiley Nickel, and Ritchie Torres called the SEC’s approach to handling spot bitcoin ETF applications “inconsistent and discriminatory.”
The wallet, launching in early 2024 on the Stellar network, will allow users to cash-out the stablecoin at participating locations.
EURC, which is pegged one-to-one with the euro, is already available on Ethereum and Avalanche.
Ether and other altcoins were largely in negative territory. Yet a markets analyst struck an optimistic note about cryptos’ medium- and long-term prospects.
Regulation
In terms proposed by the attorneys in a letter to the court, Bankman-Fried would obey a gag order prohibiting him from speaking with anyone outside his legal team, parents or brother.
The Bitcoin Ordinals creator proposed creating a new fungible token protocol for Bitcoin.
Crypto and other risk-on asset markets have been unsettled by the prospect of higher interest rates for an extended period. A U.S. central bank governor on Monday reiterated the Fed’s commitment to base its decisions on inflation data.
The unexpected suspension happened after Upbit’s authentication mislabeled scam tokens as legitimate Aptos tokens. APT price jumped 5% on Monday.