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Judge Denies Bankman-Fried Bid to Delay Sentencing Process
A federal judge rejected Sam Bankman-Fried’s push to postpone deadlines related to his sentencing on FTX fraud convictions. The former CEO now faces the presentencing interview as scheduled. In a Wednesday letter, Bankman-Fried’s defense team argued sentencing should be tabled pending potential additional charges tied to FTX’s demise that may proceed to a second trial.......
UK Unveils Next Steps for Digital Securities Sandbox
The UK government outlined the next steps this week to establish a financial sandbox. The move will allow companies to test tokenized versions of traditional securities. By enabling experimental pilot programs, officials hope to position the country as an innovation hub for asset tokenization and digital securities. Particularly, this is as the technology moves toward......
Dubai Crypto Blueprint Sets An Example For Global Nations
Dubai’s dedicated crypto regulator, VARA, continues to lay the groundwork to transform the Gulf emirate into a global virtual asset hub. This is after the city rolled out a comprehensive regulatory regime for cryptocurrency companies. Dubai's Virtual Asset Regulatory Authority sculpted guidelines pegged to global best practices for crypto service providers eyeing Dubai operations in......
🥛 Crypto’s Great Debate 🧐
Today’s edition is brought to you by Spotlight by Vincent – A weekly newsletter that brings you the latest news and insights from the world of alternative assets such as venture, collectibles, real estate, debt, art, NFTs & crypto. Subscribe now. GM. This is Milk Road, where we serve crypto insights on a silver platter,......
Ledger Vows Compensation for $600,000 Hack Victims
Crypto hardware wallet company Ledger pledged wide-ranging responses this week after a code exploit allowed a hacker to drain an estimated $600k in user funds on December 14th. In a lengthy X tweet, Ledger affirmed that it will fully compensate all victims impacted by the attack by the end of February 2024. This includes reimbursement......
40+ Countries Pursued Crypto Rules in 2023, But There’s A Catch
Over 40 countries engaged in some form of crypto regulation or legislation this year, according to a PriceWaterhouseCoopers report published Tuesday. Even though the report signals steadily growing government interest, the analysis indicates major gaps and inconsistencies remain across jurisdictions. The professional services firm found that despite expanding engagement, crypto oversight is still emerging in......
Michael Saylor: Bitcoin ETF Is The Biggest Wall Street Development in 30 Years
In a recent conversation with Bloomberg, Michael Saylor, co-founder and executive chair of MicroStrategy, shared insights into the future of Bitcoin. He touched upon the significance of spot ETFs, and MicroStrategy's unique position. https://twitter.com/saylor/status/1737186267148832795 Saylor emphasized the pivotal role of spot ETFs, stating, "This may be the biggest development on Wall Street in 30 years."......
Galaxy Digital CEO Expects Bitcoin ETF Greenlight in January
During his recent conversation with CNBC, Galaxy Digital CEO Mike Novogratz predicted U.S. regulators will finally approve a spot bitcoin exchange-traded fund (ETF) in January 2024. The prominent crypto bull said the Securities and Exchange Commission likely faces a January 10 deadline to rule on a batch of bitcoin ETF applications submitted by firms like......
Shiba Inu to Launch Custom SHIB Internet Domain
The developers behind the popular meme coin Shiba Inu announced plans this week to pursue a custom ".shib" internet domain aimed at advancing blockchain identity offerings. Partnership with domain provider D3. Would allow the sale of .shib website suffixes. Links to digital ID goals. Shiba Inu plans to apply for the distinct .shib domain during......
🥛 Bitcoin 🤝 The Most Interesting Man in the World
Today’s edition is brought to you by Coinbase Wallet - a self-custodial wallet designed for an easy user experience, and backed by one of the biggest names in the industry. Send money to anyone instantly with a link! GM. This is the Milk Road. We make crypto fun and easy to follow, like the bouncing......
