Day: February 16, 2023

Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report

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Judge Lewis Kaplan reportedly targeted Sam Bankman-Fried’s internet usage in a hearing aimed at reviewing the former FTX chief executive officer use of a virtual private network, or VPN. According to a Feb. 16 tweet from NPR correspondent David Gura, Judge Kaplan may have suggested that Bankman-Fried be denied access to any electronic device and the internet as a condition of his bail. Though SBF’s lawyers reportedly said there was no television in Joe Bankman’s and Barbara Fried’s California home — where the former FTX CEO has largely been confined…

Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future

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Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations – Regulation Bitcoin News

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The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of the Republic of Uzbekistan has adopted amendments to its regulations for foreign exchange transactions that concern non-resident legal entities, including those working with cryptocurrencies. In particular, they are now allowed to have accounts at local…

GBBC Digital Finance joins international securities organization as an affiliate member

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GBBC Digital Finance announced Feb. 16 that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. The IOSCO is an international association that develops and promotes international standards for securities.  IOSCO members include 35 national securities regulators and over 200 affiliated organizations. In addition, the IOSCO has an Affiliate Members Consultative Committee, which GBBC Digital Finance has joined as its 70th member. The committee provides input on IOSCO policy and standards. Committee members also form groups that hold annual trainings on securities-related issues. The IOSCO…

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CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets

According to the complaint, from September 2017 through January 2018, Vista falsely advertised that it would trade customers’ digital assets and earn a 2.5% daily return or “double in just 80 days.” The company said it would trade customers’ bitcoin and ether using “Robot Traders” that the CFTC said it never had access to, and instead engaged in a Ponzi scheme with new and old customer funds. Original Source AssetsCaliforniaCEOCFTCChargesDigitalFirmFraudMisappropriation CryptoX Portal

‘Bit-tendo’ prototype offers Bitcoin retro games for bars, conferences

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Play-to-earn retro games with Bitcoin (BTC) payouts may soon be making their way to a bar, conference or meetup near you, according to a Feb. 12 tweet by Zebedee founder Christian Moss. The software is tentatively called “Bit-tendo.” Bitcoin Pay to Play & Play to Earn in Super Mario 3 on the original NES! #bitcoin #retrogames #lightningnetwork powered by @zebedeeio and @lnbits 200 retweets and i’ll integrate SONIC “Bit-tendo” will be a free retro game bitcoin infuser for bars, conferences, meet ups etc pic.twitter.com/4GBuXX9pN2 — Christian Moss (@MandelDuck) February 12, 2023…