amelixiao8

@amelixiao8

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The agency also claimed Geosyn failed to buy 400 of the 1,400 mining rigs it entered into agreements over and didn’t bring most of the purchased rigs online. It said Ward reported Jeremy McNutt to the authorities for embezzlement “without disclosing his own misappropriations.”

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Meanwhile, the SEC claimed in its lawsuit that Ward and Jeremy McNutt defrauded around 64 investors out of $5.6 million between November 2021 and December 2022. It asserted the service agreements were sold as unregistered securities — a claim that Ward has rebuffed.

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Some critics would argue that Bitcoin whales are against added utility, as they see Bitcoin as perfect. The debate around Ordinals and Inscriptions showcased that not everyone is enthusiastic about new features on Bitcoin. Still, it is unclear whether these voices represent most Bitcoin communities. Even if a significant percentage of holders leave their Bitcoin as is and only a tiny fraction of Bitcoin’s supply flows into DeFi, the sector would be substantial.

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More precise laws and guidelines will make investors more confident in deploying their crypto assets in DeFi applications. This shift in policy and stance toward crypto comes at an ideal moment, as the nascent Bitcoin DeFi sector stands poised to flourish in a regulatory environment far more welcoming than in the past.

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Political and regulatory winds have shifted in the United States. With crypto-friendly Paul Atkins leading the Securities and Exchange Commission and David Sacks as the administration’s “AI and crypto czar,” the US appears to be moving toward a more supportive stance on crypto under President Trump’s administration.

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Binance, the world’s largest crypto exchange, is expanding its Bitcoin DeFi offering, nominating the top three Runes (fungible tokens on Bitcoin) for futures listing. Binance also announced Bitcoin staking with the Babylon protocol as part of Binance Earn, enabling onchain yields.

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Roughly a year after US Treasury officials added addresses associated with the cryptocurrency mixer Tornado Cash to the department’s list of sanctioned entities, authorities arrested Tornado Cash co-founder Roman Storm on money-laundering charges.

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Ellison spent her New Year’s at the Federal Correctional Institution in Danbury, Connecticut, which houses male and female inmates. In one of his last acts as a free man before reporting to prison on Oct. 11, Salame changed his LinkedIn profile to state he was “starting a new position” as an inmate at the Federal Correctional Institution in Cumberland.

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SBF’s one-time girlfriend, Alameda Research ex-CEO Caroline Ellison, and former FTX Digital Markets co-CEO Ryan Saboth pleaded guilty to fraud charges related to the collapse of the crypto exchange. They were sentenced to two years and seven-and-a-half years, respectively, though the US Bureau of Prisons has listed Salame’s release date as 2031.

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After a judge sentenced Bankman-Fried to 25 years, he was remanded to the Metropolitan Detention Center in Brooklyn to assist in his appeal. Jan. 1, 2025, marked the first New Year’s Day SBF spent in prison as a convicted and sentenced felon, and he isn’t alone.

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After a lengthy extradition process from the Bahamas, former FTX CEO Sam “SBF” Bankman-Fried was moved to United States custody and initially released on bond. He was held in a correctional facility after a federal judge revoked his bail in August 2023, prior to his criminal trial, conviction and sentencing.

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Deutsche Bank’s solution curates trusted validators and grants regulators special oversight to minimize risks such as interacting with sanctioned entities. The platform is designed to align blockchain transparency with financial compliance requirements.

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Project Dama 2 is part of the Monetary Authority of Singapore’s Project Guardian, which brings together 24 financial institutions to explore blockchain-based asset tokenization.

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The L2 solution, part of Project Dama 2, looks to improve transaction efficiency and secure regulatory safeguards, integrating directly with Ethereum, according to Bloomberg.

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Deutsche Bank, Germany’s largest lender, is reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology to address compliance challenges associated with using public blockchains in regulated finance.

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In a written statement to Cointelegraph, a Crypto.com spokesperson said the exchange dismissed the lawsuit to highlight its “intent to work with the incoming administration on a regulatory framework for the industry.”

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Marszalek initially revealed his intent to sue the SEC in October to “protect the future of crypto.”

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The meeting was held on the same day that the Crypto.com exchange voluntarily dropped its lawsuit against the Securities and Exchange Commission (SEC).

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According to a social media post, Marszalek traveled to Trump’s Mar-a-Lago resort in Florida to discuss the potential for a Bitcoin strategic reserve. The two also discussed crypto-related appointments to Trump’s incoming administration.

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United States President-elect Donald Trump met with Crypto.com CEO Kris Marszalek to discuss the nation’s crypto policies, signaling readiness from the incoming administration to follow through on its pro-crypto proposals.

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