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FTX Founder Arrested, Charged with Fraud by SEC
FTX Founder and former CEO Sam Bankman-Fried has been charged by the Securities and Change Fee (SEC) of defrauding traders.
Bankman-Fried was arrested Bahamian authorities Monday on the request of the U.S. authorities. Simply 24 hours later, the now notorious former crypto wunderkind has been charged with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Change Act of 1934.
The SEC’s grievance seeks injunctions towards future securities regulation violation that prohibits Bankman-Fried from collaborating within the issuance, buy, supply or sale of any securities apart from his personal private account.
FTC Opposes Microsoft Activision Blizzard Acquisition
Microsoft’s try to amass Activision Blizzard hit a rodblock Thursday when the Federal Commerce Commision (FTC) reportedly opposed the deal.
In keeping with the FTC, the acquisition might violate anti-monopoly laws, citing Miucrosoft’s penchant for freezing out different gaming rivals by withholding its content material.
Microsoft CEO and chairman Satya Nadella had beforehand stated that acquisition would “play a key function within the improvement of metaverse platforms.”
The FTC is caught between two media megaliths, nevertheless, because the regulatory physique filed a lawsuit against Meta in July alleging “its final purpose of proudly owning all the ‘metaverse.’”
Whether or not the FTC will aspect with Microsoft to permit extra competitors within the metaverse house or with Microsoft’s gaming rivals is but to be decided.
Report Suggests Bahamas Officers Requested Bankman-Fried to Mint New Belongings Submit-FTX Fallout
In keeping with a Dec. 12 Bloomberg report, Bahamas authorities officers requested Sam Bankman-Fried to mint new digital belongings price tons of of thousands and thousands of {dollars}, following the collapse of FTX in November.
The authorities additionally reportedly requested the previous FTX CEO to switch the brand new tokens to the management of island officers. FTX’s attorneys additionally stated in a court docket submitting Bahamas officers tried to assist Bankman-Fried regain entry to key pc methods of the now-defunct FTX buying and selling platform.
In keeping with American attorneys, Bahamas officers had been “answerable for directing unauthorized entry” to FTX methods to be able to take over management of digital belongings below the supervision of a U.S. court docket.
The report has strained ties between the U.S. and the Commonwealth of Bahamas throughout the identical interval when Bahamas officers arrested Bankman-Fried on the behest of the U.S. authorities.
Mintlayer to Launch New Token
Mintlayer — a layer-2 answer that unlocks decentralized finance (DeFi), good contracts, atomic swap, nonfungible tokens (NFTs) and apps for Bitcoin — has introduced its token launch occasion: March 21, 2023.The staff has determined to problem disbursements to all tokenholders which have supported the undertaking within the type of ERC-20 tokens. The Mintlayer utility token can be utilized to buy varied providers from RBB Lab.
Crypto Information: Tether, Alameda, ETH Improve, Money Ban & Extra
