Phoebe's Bitmingham Beat - SBF to appear in court again on Feb. 21 / NBA sued over marketing ties with Voyager Digital / Do Kwon's extradition canceled for second time [EN]

SBF to appear in court again on Feb. 21 / NBA sued over marketing ties with Voyager Digital / Do Kwon's extradition canceled for second time [EN]

02/09/24 • 18 min

U.S. Judge orders FTX's former CEO Sam Bankman-Fried to court over potential legal team conflicts, Bakkt's stock plummets due to financial concerns, investors sue the NBA over Voyager Digital promotions, Montenegrin court cancels Do Kwon's extradition again, and TradeStation Crypto settles with SEC and NASAA for $3M over unregistered securities charges.

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CleanSpark buys four new mining facilities / Fireblocks lays off 3% of its staff / Bitsonic CEO sentenced to seven years in prison [EN]

Prometheum announces Ether (ETH) as its first crypto custody offering, Tether's (USDT) market dominance raises concerns amid regulatory scrutiny, CleanSpark plans to double its hash rate with new mining facilities ahead of Bitcoin's halving event, Fireblocks lays off 3% of its workforce amid restructuring, and Bitsonic's CEO receives a seven-year prison sentence for stealing $7.5M of customer deposits, while Thailand boosts its digital asset hub ambitions by eliminating value-added taxes on crypto trading.

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undefined - Genesis Global settles lawsuit by NY AG / U.S. senators question SEC's reliability in crypto enforcement actions / Kraken registered in Netherlands [EN]

Genesis Global settles lawsuit by NY AG / U.S. senators question SEC's reliability in crypto enforcement actions / Kraken registered in Netherlands [EN]

Genesis Global settles a lawsuit with the New York Attorney General over the Gemini Earn program, agreeing to repay funds to former customers and creditors, while Bitcoin's price surge is attributed to investor interest in U.S.-based spot Bitcoin ETFs and the upcoming halving event, and the SEC faces criticism from U.S. senators over its handling of crypto enforcement actions.