Docs Show Bankman-Fried used $2.2bn in FTX customer funds for personal use

According to court documents obtained by Bloomberg and Financial Times, FTX, a cryptocurrency exchange that previously collapsed, transferred approximately $3.2 billion to its founder Sam Bankman-Fried and other key employees.…

UK Treasury to regulate some stablecoins

The UK government has announced plans to regulate some cryptocurrencies. Treasury minister John Glen said “stablecoins” would give people confidence in making payments using digital currencies. Stablecoins are cryptocurrencies designed…