Sam Bankman-Fried Receives 25-Year Prison Sentence for Fraud and Conspiracy

On Thursday, a federal judge handed down a 25-year prison sentence to Sam Bankman-Fried, who served as the former CEO of FTX. The judge cited Bankman-Fried’s “apparent lack of remorse,” his tendency to be “exceptionally flexible with the truth,” and the audacity of his fraudulent actions. US District Court Judge Lewis Kaplan sentenced Sam Bankman-Fried…

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KuCoin Adds Manta Network’s Native Token to Spot Trading

KuCoin has officially announced its support for Manta Network on its trading platform. The deposit feature for MANTA tokens will be available from January 18, with trading scheduled to commence shortly, paired with USDT. Notably, the project is led by a team of experienced entrepreneurs with connections to prestigious institutions like Harvard, MIT, and Algorand….

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Binance Launches UK Domain for FCA Compliance

On October 6, 2023, Binance News unveiled a UK-specific domain in compliance with the Financial Conduct Authority (FCA) regulations. Starting October 6, 2023, Binance introduced a dedicated UK domain, binance.com/en-GB, exclusively serving UK-based clients. This move aligns with the Financial Conduct Authority (FCA) regulations, specifically the updated Financial Promotions Regime. Binance’s collaboration with Rebuildingsociety.com Limited…

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Binance Encounters Banking Challenges in France Following Departure from Russia

Binance France actively promotes the adoption of cryptocurrencies while simultaneously tackling banking obstacles following its withdrawal from the Russian market amid a backdrop of persisting regulatory difficulties. In recent updates, Binance France has advised its user base to promptly transition their fiat holdings into digital currencies. This guidance comes in the wake of the conclusion…

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Kraken Exchange

Australian Financial Regulator Sues Kraken Service Provider

The Australian Securities and Investments Commission (ASIC) has taken legal action against Bit Trade, the operator of Kraken cryptocurrency exchange in Australia. ASIC has accused Bit Trade of not meeting design and distribution requirements for one of its trading products, specifically a margin trading product. The civil charges were filed in the Federal Court, as…

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