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Latest from Nelson Wang
Chinese Police Arrest 63 People Accused of Laundering $1.7B Using Cryptocurrency
The illicit funds were converted into tether and then laundered by people around the world.

Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US
The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing.

Sam Bankman-Fried’s Alameda Research Secretly Funded Crypto Media Site The Block and Its CEO
CEO Michael McCaffrey has resigned as a result of the loans coming to light, The Block confirmed.

House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report
However, Waters tweeted on Wednesday evening that "lies are circulating" that she's not willing to subpoena the disgraced former head of FTX.

Blockchain Entrepreneur Arrested in California on Fraud Charges
The Justice Department has accused Rikesh Thapa of bilking his startup firm of over $1 million in U.S. currency, cryptocurrency and utility tokens.

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees.

Ledger Taps iPod Creator Tony Fadell for New Crypto Hardware Wallet
The Ledger Stax is a sleek device that features an e-ink display that can show transaction details and even NFTs on its exterior.

Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners
Kentucky’s Public Service Commission is concerned the rates could result in higher electric bills for state residents.

S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder Shin
An arrest warrant for Do Kwon, another co-founder, remains in effect, however.

FTX Collapse Highlights Need for Global Crypto Regulations, Says US Treasury’s Adeyemo: Reuters
Deputy Treasury Secretary Wally Adeyemo said such regulations are important to ensure the protection of investors, consumers and financial stability.
