Author name: Wendy Morgan

Wendy Morgan is a writer for Barclay Bryan Press, covering sports, education, and tech. She's also an avid runner who has completed several marathons, including the Boston Marathon. She has been writing since she was in high school and loves to explore new topics in all of her writing!

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FTX ramps up asset recovery ahead of Bankman-Fried’s trial

FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October.  Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that were lost. In a recent development, the exchange initiated legal proceedings against the parents of …

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Fed watchdog Michael Barr calls stablecoins risk for economy

Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating outside the oversight of federal regulation. While Federal Reserve officials have articulated reservations about stablecoins …

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Artfi set to sponsor Token2049 Singapore

Artfi, an art and collectible investment project, will sponsor Token2049, one of the largest crypto events in Singapore. Artfi announces Token2049 sponsorship The official announcement was made during an X space session dubbed “Redefining Ownership of Real-World Assets with Blockchain Technology” on Aug. 26, 2023.   The Spaces Event was one of the largest online gatherings …

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With strike looming, GM makes 10% wage offer, which UAW leader calls 'insulting'

United Auto Workers President Shawn Fain, middle, walks in the Labor Day parade in Detroit on Monday. (AP)   DETROIT — General Motors’ first wage-and-benefit offer to the United Auto Workers on Thursday fell far short of the union’s initial demands. The offer comes just a week before the UAW’s national contracts with GM, Stellantis …

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CFTC filed complaints against three defi protocols

The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi protocols for failing to register derivative trading offerings. The regulatory body has acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings. The CTFC ordered that the companies pay …

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US court finds South African firm guilty in major crypto scam

Mirror Trading International (MTI) is convicted by a U.S. court for deceiving victims in a Bitcoin scam, facing a restitution order of $1.7 billion. The U.S. Commodity Futures Trading Commission (CFTC) revealed that Mirror Trading International Proprietary Limited (MTI) has been convicted in a cryptocurrency fraud case. The complaint against the South African firm was …

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Taiwan plans ban on unregistered offshore crypto exchanges

Taiwan plans to restrict access to offshore cryptocurrency exchanges that are not registered with the local regulators. According to a Sept. 7 report by Taiwan’s semi-official Central News Agency, the country’s Financial Supervisory Commission recently drafted ten virtual asset service provider principles for local crypto regulation. Those principles are expected to be released by the …

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