Several crypto firms are facing a probe from the United States Federal Trade Commission (FTC) over possible deceptive or misleading advertisements relating to cryptocurrencies. According to a Dec. 6 r...
Tag: firms
Blackrock CEO Speaks on The FTX Meltdown and Crypto Firms
Larry Fink, the CEO of one of the world’s pre-eminent asset management firms Blackrock, speaks over the FTX meltdown. During an interview at the New York Times Dealbook Summit 2022 he said that most o...
Many More Crypto Firms to Suffer FTX’s Fate, Predicts Palantir Co-Founder
Joe Lonsdale – Co-Founder of the software company Palantir Technologies – thinks multiple cryptocurrency companies will go bankrupt in the future since most function like Ponzi schemes. However, he be...
FTC investigating crypto firms over misleading advertising: Bloomberg
The U.S. Federal Trade Commission is looking into several unnamed crypto firms over allegations of deceptive or misleading advertising, the agency told Boomberg News. A spokesperson for the regu...
IIA Asks Congress to Enact Proper Governance Policies For US Crypto Firms
– Advertisement – The Institute of Internal Auditors (IIA) calls on the U.S. Congress to enact proper corporate governance policies for United States-based crypto firms following the FTX f...
Bankruptcy Law Firms Boom as Crypto Companies Go Bust
As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. In addition to triggering bankruptcies, such as BlockFi, the collapse of FTX ...
New York State proposes new laws adding costs to crypto firms
The New York State Department of Financial Services (NYDFS) has proposed new crypto regulation to assess supervisory costs from licensed crypto firms operating in the state. New Proposed Regulation to...
New Draft Bill Seeking to Charge Crypto Firms for Investigation
Adrienne Harris has submitted the draft of the new bill for public review. The New York State Department of Financial Services has proposed a draft for change in state laws that would allo...
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation that would allow the government department to assess supervisory costs from licensed crypto firms operating in ...
US lawmakers question private firms’ role in development of a CBDC
U.S. lawmakers, including Tom Emmer and Patrick McHenry, wrote a joint letter to the Federal Reserve Bank of Boston regarding allegations that private firms involved in the design of the “hypoth...
Fintech Giant Stripe Partners with Magic Eden, Other Web3-Based Firms for Crypto On-Ramp
The partnership will see several Web 3.0 companies gain more uses and increase the usability of their products and services. Fintech giant Stripe has entered into multiple partnerships with various we...
New York suggests charging crypto firms for regulation
Superintendent Adrienne Harris of the Department of Family and Social Services came up with the idea for the move, and she is currently soliciting opinions from the general public on it. The regulator...
Crypto firms prefer to be regulated by CFTC rather than SEC
Sam Bankman-Fried, the founder the recently failed FTX, lobbied for more digital asset regulations in February. Sam sought regulatory oversight by the CFTC instead of the SEC. This move is aimed at re...
Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report
A new report claims Bitcoin (BTC) mining firm Iris Energy’s investors are seeing a multimillion-dollar wipeout in the value of their holdings a year since the public listing. According to an Australia...
UK financial watchdog urges firms to be less like ‘Wolf of Wall Street’
As the cryptocurrency industry expands, it attracts an increasing number of players who expect to gain quick profits from the budding asset class even if it means breaking some rules, the phenomenon w...
Auditing Firms Elevate Crypto Clients to High Risk: Report
Sam Bankman-Fried has single-handedly managed to push prices higher for professional bookkeeping services in addition to incurring the wrath of global regulators. The collapse of FTX and the work that...
Binance, Coinbase Among Crypto Firms Questioned by US Senator After FTX Mess
“As Congress considers much-needed regulations for the crypto industry, I will focus on the clear need for consumer protections along the lines of the assurances that have long existed for customers o...
US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report
Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are rec...
Web3 startup Starlight debuts corporate cards for crypto firms: Exclusive
Starlight, a Brevan Howard-backed web3 payments startup, has launched corporate cards that aim to simplify expense payments for crypto businesses. The cards allow both fiat and crypto payments ...
Venture Capital Firms Are Partnering With Healthcare Organizations To Improve Digital Health
Venture capital (VC) firms are increasingly playing a role in all aspects of healthcare. This is a growing trend globally, as healthcare organizations are eager for the resources, expertise, and capit...
Fundstrat’s Tom Lee Says He’s Still a Bitcoin Bull, Predicts Crypto Firms Emerge Stronger From Market Turmoil
Hedge fund veteran Tom Lee remains long-term bullish on Bitcoin (BTC) and expects the crypto industry to come out of its bear market stronger than before. In a new interview on CNBC, the Fundstrat man...
FTX Collapse: Binance Stores $2 Billion to Save Struggling Firms
The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry. While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire fi...
American regulators to investigate Genesis and other crypto firms
Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, director...
Binance Pledges Up To $2 Billion To Bail Out Distressed Crypto Firms As FTX Contagion Spreads
Changpeng Zhao, cofounder and CEO Binance, spoke at a summit in Lisbon, Portugal in early November. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images Binance, the world’s largest cryptocurr...
IOSCO Pull Triggers On Rest Of Crypto Firms After FTX Crash
Jean-Paul Servais, the new Chairman of the global securities authority International Organization of Securities Commissions (IOSCO), highlighted the need for urgent crypto regulations while focusing o...
FTX Flipped One Trading Firm’s Risk Obsession. Disaster Followed
(Bloomberg) — Before a cadre of Jane Street Group alumni spectacularly scorched the cryptocurrency landscape from their perch at FTX this month, the Wall Street firm was enjoying its status as t...
We take a look at Crypto firms that went bankrupt in 2022.
2022 is considered to be one of the worst years for the crypto market. As the end of the year, 2022 was approaching, we dig deeper to see what happened to different crypto firms during this year. This...
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’ – Bitcoin News
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking d...
Mark Cuban Distancing Himself From Crypto Firms and Companies
Billionaire investor Mark Cuban appears to be making moves to distance himself from crypto companies. Meanwhile, a tweetstorm is brewing elsewhere in the crypto community. On Nov. 21, it was observed ...
Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle
It took years for the crypto industry to gain trust – and capital – from the major institutional players on Wall Street. And just as more big traditional players seemed on the cusp of making a move in...