Key Takeaways In the latest development in the FTX bankruptcy saga, the exchange had filed a lawsuit against its own founder, Sam Bankman-Fried (SBF), and several former executives, seeking to recover over $1 billion in allegedly misappropriated funds before FTX’s…
Key Takeaways Kuwait’s financial landscape underwent a significant transformation on July 18, 2023, as the Capital Markets Authority (CMA), the main financial regulator in the country, issued a circular addressing the supervision and issuance of virtual assets. The circular confirmed…
Key Takeaways Coinfund, a leading venture capital firm in the cryptocurrency and blockchain industry, has successfully raised $152 million for its fourth seed fund, according to a Bloomberg report on July 18. The achievement surpassed Coinfund’s initial target of $125…
Key Takeaways Faruk Fatih Özer, the founder of the Turkish cryptocurrency exchange Thodex, has been handed a prison sentence of seven months and 15 days by the Turkish court. The sentence comes as a result of Özer’s failure to submit…
Key Takeaways In an ongoing battle with the United States Securities and Exchange Commission (SEC) over the legitimacy of its crypto staking services, popular cryptocurrency exchange Coinbase has announced a temporary halt to customers in four states from staking additional…
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