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At a glance The Defense team for Sam Bankman-Fried has repeatedly walked into hilarious mistakes . Judge Lewis Kaplan has constantly reprimanded Mark Cohen and Christian Everdell for wasting time . Is there a larger strategy behind what seems like mere ineptitude? Sam Bankman-Fried’s white-shoe lawyers have a very hard job. They also seem to be doing it quite poorly. Indeed, at their lowest moments, Mark Cohen and Christian Everdell are like the Laurel and Hardy of bad lawyering. In the third week of trial, Bankman-Fried’s defense team has yet to establish any real counter-narrative to the prosecution’s case — but worse, they’ve made repeated, serio US missteps that actually seemed more likely to harm SBF in the eyes of the jury than to help him . One sterling example came on Thursday, October 12, as Cohen was cross-examining former BlockFi CEO Zac Prince about the due diligence process at the now-collapsed crypto lender. Cohen and Prince were reviewing a report f...

In an exclusive interview, Feng Qiya, a Chinese deputy to the National People’s Congress (NPC), said she would propose establishing a digital collection regulatory system in the annual Beijing meeting called “Two Sessions.” Two Sessions is the nation’s most important annual political gathering with the NPC and the Chinese People’s Political Consultative Conference (CPPCC). Part of Qiya’s proposition would be clarifying the legal characterization of digital collections, NFTs. Additionally, Feng intends to ask the government to clamp down on NFT speculation so that digital collectibles would not be turned into investments and sold as securities. Qiya was quoted saying: While the digital collection industry is developing rapidly, the current supervision is still based on industry self-discipline and local regulations, lacking a top-down supervision system coordinated by multiple departments. Furthermore, the report highlighted that digital collections in ...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, the global cryptocurrency exchange, has refuted any connection to the entity referred to as Binance Nigeria Limited in the circular released by the Securities and Exchange Commission (SEC) of Nigeria. Binance clarified that it is neither aware of nor affiliated with the mentioned entity . SEC Nigeria’s Circular and Binance’s Response On June 9, the Nigerian SEC issued a circular addressing the activities of Binance Nigeria Limited, highlighting its unregistered and unregulated status. The circular served as a warning to the Nigerian public, cautioning them against engaging with the entity’s crypto asset trading platforms. The SEC’s circular explicitly stated that Binance Nigeria Limited is operating illegally in the West African country. As an unregistered and unregulated entity, it lacks the necessary authorization from the Commission to conduct its operations. The circul...