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Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.

The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.

Prosecutors reported that they successfully resolved the majority of Bankman-Fried's laptop problems with assistance from the defense earlier this week. Meanwhile, the defense remains steadfast in their pursuit of a "temporary release."

The Securities and Exchange Commission has made a compelling case for pursuing a mid-case appeal to delve deeper into the intricacies of the law.

Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.

The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.

Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.

Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.

The U.S. regulator overseeing derivatives markets took action against three firms, one of which had previously employed a lawyer later appointed to lead its technology research division at the CFTC.

In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.

Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.

Salame acknowledged his involvement as a 'straw donor,' covertly channeling millions of dollars to Republican political candidates, while Bankman-Fried contributed to Democratic causes.

OpenCover, a company that secured $4 million in seed funding with prominent investors such as NFX and Jump Crypto at the helm, recently received an additional injection of $200,000 in funding from Coinbase to enhance its launch on Base.

The global standard-setters also cautioned that stablecoins adopted by multiple jurisdictions could potentially transmit volatility in a more abrupt manner than other cryptocurrencies.

This potentially transformative industry should temporarily prioritize practical financial solutions that exhibit clear global demand and widespread adoption, putting aside some of its grandiose aspirations for the time being.