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Former FTX Executive Ryan Salame Agrees to Forfeit $5.9 Million Bahamas House in Plea Agreement
Ryan Salame, the former co-CEO of FTX Digital Markets, has reached a plea agreement in a criminal case. As part of the agreement, Salame has agreed to transfer his $5.9 million Bahamas house to FTX Digital Markets Ltd. instead of paying $5.6 million in restitution in cash.
USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth
The US and Nigeria are set to discuss the digital economy, AI advancement, and economic ties at a conference in Abuja.
IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions
The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.
Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth
In a recent speech, Bank of Israel Deputy Governor Andrew Abir expressed his support for the competition between commercial banks and the forthcoming Central Bank Digital Currency (CBDC) known as the digital shekel. Abir believes that the digital shekel has the potential to enhance competition in the financial system and benefit the economy as a whole.
Riksbank's Final Report on e-Krona Explores Offline Payment Solutions
Sweden's Riksbank concludes its e-Krona pilot, highlighting the development of offline payment technologies like "shadow wallets" and payment cards.
Navigating AI Transparency and Privacy in Digital Commerce
As AI transforms digital commerce, transparency and proactive privacy measures become key to balancing innovation with consumer trust and safety.
Galaxy Asset Management's AUM Exceeds $10 Billion Milestone
Galaxy Asset Management reaches a new pinnacle with over $10 billion in assets under management, reflecting robust institutional interest in digital assets.
How Casinos Are Using Digital Tokens to Enhance Player Loyalty Programmes
Uncover how digital tokens revolutionise online casino loyalty, enhancing benefits and engagement. Explore innovative strategies reshaping gambling.
Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus
Arkansas Rep. French Hill is poised to assume leadership of the House Financial Services Committee, bringing a crypto-savvy perspective to the role.
Crypto Assets Surge with Record $2.9B Inflows, Bitcoin Dominates Market
The latest CoinShares report highlights a record-breaking week with $2.9B inflows into digital assets, positioning Bitcoin as the market leader.