U.S. authorities have arrested the former chief technology officer and co-founder of Blockparty, a blockchain events startup, for allegedly stealing over $1 million of crypto and fiat from the firm. ...
Tag: Policy
House committee weighing subpoena for Sam Bankman-Fried
Senior members of the House Financial Services Committee are weighing a subpoena to compel embattled former FTX CEO Sam Bankman-Fried to testify, though little time remains to enforce one during this ...
VC Giant ‘a16z’ Recruits Former CFTC Commissioner as Head of Policy
5 hours ago | 2 mins read Defi News Brian Quintenz will now serve as its full-time head of policy. Quintenz initially joined a16z in September 2021 as a senior adviser. Andreessen Horowitz, better kno...
Cawthorn violated ethics rules around ‘LGB Coin,’ House Ethics Committee says
The U.S. House of Representatives Ethics Committee has ordered Rep. Madison Cawthorn, R-N.C., to pay more than $15,000 in punitive donations and fines as a result of his violation of congressional and...
Sam Bankman-Fried hires white-collar attorney who represented Ghislaine Maxwell
Sam Bankman-Fried is lawyering up (again) after his crypto exchange came crashing down. The former FTX CEO hired white-collar attorney Mark Cohen, a spokesperson for Bankman-Fried confirmed. Th...
A16z Elevates Former US CFTC Commissioner Quintenz to Policy Chief
“We’re believers in transparent, bipartisan, tailored policymaking that provides clear rules of the road, that embraces the technology and respects consumers’ needs,” Quintenz said in an interview. “T...
Senators want more info on Silvergate’s ‘egregious failure’ on FTX
A bipartisan group of senators want more information from Silvergate Bank, a bank that caters to crypto and fintech clients, about the bank’s current financial wellbeing, while also taking the c...
CFTC’s former commissioner Brian Quintenz joins a16z as head of policy
California-based venture capital firm a16z has made Brian Quintenz its new Head of Policy to lead the Web3-focused company’s bi-partisan policy efforts. Per a statement released on December 6, a16z ha...
Judge signs off on subpoenas to 3AC’s Su Zhu and Kyle Davies
A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year. The subpoenas call on the 3AC f...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Gensler to brief House Democrats in run-up to FTX hearing: Exclusive
Democrats of the House Financial Services Committee will hear from Securities and Exchange Commission Chair Gary Gensler in the lead-up to a hearing on FTX next week. Gensler will speak at a Dem...
Silvergate CEO seeks to reassure investors over crypto contagion
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure...
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...
House committee leader says Bankman-Fried has ‘sufficient’ knowledge for testimony
Rep. Maxine Waters, D-Calif., is not buying Sam Bankman-Fried’s excuse for not testifying next week about the collapse of the FTX crypto exchange at a hearing before the House Financial Services...
Bitcoin: Why BTC’s monetary policy connection should not be overlooked
Bitcoin cannot escape its correlation from traditional markets Short-term sentiment was caught in between declining optimism and increasing gloom Bitcoin [BTC] has had an affinity with monetary policy...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
Stake Your Crypto with the Arbismart Wallet’s No-risk Policy
There is only one passive investment strategy that will provide a steady return, with zero risk, in both bull and bear markets. Interest-bearing wallets offer secure storage as well as consistent prof...
How Broken Monetary Policy Fuels Instability
The world’s economic and societal structures aren’t very stable at the moment — or very safe. Supply chains aren’t working and the global energy shortage is growing — causing cycles of hoarding and un...
Seoul court rejects prosecution’s move to detain Terraform Labs execs: Yonhap
The Seoul Southern District Court has dismissed the prosecutors’ warrants for arrest of several leading figures in Terraform Labs, according to South Korean news outlet Yonhap. Prosecutor...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. ...
Sam Bankman-Fried should bring ‘candid’ FTX discussions to Congress
A key House lawmaker has an idea for the next stop on Sam Bankman-Fried’s apology tour: Capitol Hill. House Financial Services Committee Chair Maxine Waters lauded Bankman-Fried’s “candid” comm...
U.S. Trustee asks bankruptcy court to appoint FTX trustee
The U.S. Trustee has asked a Delaware bankruptcy court to appoint an examiner in the ongoing FTX bankruptcy case. In a Dec. 1 court filing, the U.S. Trustee cited a “virtually unprecedente...