The S.E.C. charged Genesis Global Capital and Gemini Trust, which is run by Cameron and Tyler Winklevoss, as crypto companies face heightened regulatory scrutiny.
Category: Virtual Currency
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SEC Charges Crypto Companies With Offering Unregistered Securities
The New York Times – Business: -
Sam Bankman-Fried Makes First Detailed Response to Fraud Charges
The New York Times – Business:The disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back.
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Coinbase Lays Off Another 20% of Employees
The New York Times – Business:The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans.
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Why Bed Bath & Beyond Is Weighing Bankruptcy
The New York Times – Business:Dreary holiday season sales failed to help solve the struggling retailer’s financial woes, leaving the company with few options.
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New York Attorney General Sues Founder of Collapsed Crypto Bank
The New York Times – Business:New York Attorney General Letitia James accused the founder of Celsius Network, Alex Mashinsky, of a scheme to defraud hundreds of thousands of investors.
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Coinbase Reaches $100 Million Settlement With New York Regulators
The New York Times – Business:The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried
The New York Times – Business:Residents there have a generous view of the disgraced FTX founder, who has been accused of misusing billions of dollars in customer funds.
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How Did Sam Bankman-Fried Make His $250 Million Bail?
The New York Times – Business:Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.
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Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The New York Times – Business:The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
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FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond
The New York Times – Business:The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.
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Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud
The New York Times – Business:Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.