CoinDesk

Faruk Fatih Özer, the founder of Thodex, along with his sister Serap Özer and his brother Güven Özer, have been sentenced to a total of 11,196 years, 10 months, and 15 days in prison.

A judge has ruled that a California courtroom is the wrong venue for the case involving Egorov, as he was not living in the state when the alleged misdeeds occurred.

Caroline Pham, a member of the Commodity Futures Trading Commission (CFTC), has suggested the creation of a limited pilot program to regulate cryptocurrencies. Pham believes that the U.S. watchdog for derivatives markets should explore options for regulating digital currencies.

The U.S. accounting standards board has unanimously voted in favor of implementing fair value accounting for crypto assets on corporate balance sheets. The new accounting rule will require companies to measure certain digital assets based on their market trading value.

Erik Anderson from Global X discusses the changing landscape in the Crypto for Advisor newsletter, sharing insights on how advisors can adapt to support the next generation of investors.

Sen. Bill Hagerty (R-Tenn.) expressed his frustration with U.S. SEC Chair Gary Gensler for hindering crypto innovation. Hagerty criticized the regulator's approach to cryptocurrencies and anticipated a backlash from lawmakers as Congress reconvenes.

Companies can apply to delay some aspects of bans on aggressive marketing until January.

A firm is looking to fill the gap in the crypto derivatives market left by the collapse of FTX in November.

OpenCover, a startup that recently raised $4 million in a seed round, has received an additional $200,000 funding from Coinbase to support its launch on Base.

Companies like Coinbase, Circle, and Aave are working together to promote the use of blockchain technology for traditional assets.