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The US Department of Justice (DOJ) has seized crypto worth more than $112 million linked to several crypto-related scams.

Investors looking for the next big thing in the meme coin market should consider Love Hate Inu ($LHINU). 

Cohen told a Manhattan federal court judge that his 31-year-old client, a founder of the cryptocurrency exchange FTX, was pleading not guilty to new charges lodged against him in recent weeks in what a prosecutor has labelled as one of the biggest frauds in American history. But Cohen quickly added that although he was pleading not guilty to the new charges, Bankman-Fried was not acknowledging that he can be tried on them. He didn't elaborate and left the courthouse quickly just before his client was ushered to a waiting vehicle. Earlier this week, a rewritten indictment charged Bankman-Fried with a new conspiracy count, alleging that he violated the anti-bribery provisions of the Foreign Corrupt Practices Act by directing the payment of $40 million in bribes to a Chinese official or officials to free up $1 billion in cryptocurrency that was frozen in early 2021. FTX filed for bankruptcy on Nov. 11, when the global exchange ran out of money after the equivalent of a bank run. He has remained free on a $250 million personal recognizance bond that requires him to stay with his parents in Palo Alto, California. His trial is tentatively set to begin in the fall.

Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services.

Sam Bankman-Fried’s defense team and the prosecutors assigned to his case have agreed over the terms of the disgraced crypto tycoon’s bail conditions. The modified bail terms will apply to the former FTX CEO while he awaits trial in the criminal case filed against him by the United States Department of Justice. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The story of FTX founder Sam Bankman-Fried continues to unfold as lawyers and the court continue to argue about SBF’s bail conditions.

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year. 

The California-based CEO of Titanium Blockchain has been sentenced to four years of prison — putting an end to a 2018 initial coin offering (ICO) saga that stripped investors of $21 million. 

First Republic Bank is beefing up its adviser ranks as the troubled lender seeks to stay afloat and plan for a post-crisis future amid a trans-Atlantic crisis of confidence in the banking system.

The U.S. Supreme Court presided over its first crypto case this morning as Justices heard an appeal from Coinbase (COIN) to pause class action lawsuits.

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The collapse of Silicon Valley Bank was a «Lehman moment» for the technology industry, according to a top Goldman Sachs dealmaker.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service. 

Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at the time, SVB is the first Federal Deposit Insurance Corporation (FDIC)-insured bank to fail in 2023. That crucial detail prompted federal regulators in the United States to step up and backstop SVB depositors before a bank run could ensue. Although government protections weren’t enough to stem a massive drop in bank stocks once markets reopened on Monday, Bitcoin (BTC) and the broader crypto market soared. Did FDIC bail out Bitcoin? Only time will tell.

The February employment report does little to sharply alter the economic outlook for Federal Reserve officials who are considering how much to raise interest rates at their coming meeting.

College students wishing to intern for the United States Securities and Exchange Commission (SEC) are in luck — the regulator has opened applications for its Scholars Program for Fall 2023.

Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning's Taro protocol.

The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).