The Bank of International Settlements (BIS) suggests that authorities can take three different approaches when it comes to crypto following a particularly turbulent year: Regulate, contain or call for...
Tag: Policy
Bitcoin above $18,000 as US inflation slows in December
Inflation in the U.S. increased by 6.5% year-on-year in December and decreased by 0.1% month-on-month. Cryptocurrencies and traditional stock markets were buoyed as CPI data met estimates. Bitc...
Unemployed and under house arrest, Sam Bankman-Fried faces enormous legal bills
Disgraced FTX founder Sam Bankman-Fried has an expensive year ahead of him. Unemployed, under house arrest and stripped of his Robinhood shares, his options for funding his defense are limited. ...
El Salvador one step closer to bitcoin bonds after law passage
El Salvador’s Legislative Assembly approved a law on the issuance of digital assets, paving the way for bitcoin bonds that have been championed by President Nayib Bukele. The new law estab...
The Block: Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald
A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported. ...
FTX locates $5 billion in cash and liquid crypto, contemplates sale
FTX’s new leadership says it has located $5 billion in cash, liquid cryptocurrency and liquid investment securities, two months after the troubled crypto exchange filed for bankruptcy protection...
House of Lords members call for crypto regulation beyond upcoming financial bill
The Financial Services and Markets Bill, which sweeps parts of crypto into financial regulation, came under scrutiny in the UK Parliament, where members of the House of Lords called for greater regula...
Senators voice concerns over law firm’s role in FTX bankruptcy
Four lawmakers lambasted a prominent law firm’s role in FTX’s bankruptcy proceedings and called for an independent examiner to oversee the investigation into the crypto exchange’s collapse. Sen...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
CFTC files its own case against Mango Markets exploiter
The Commodity Futures Trading Commission is suing Avraham Eisenberg, aka Mango Avi, over alleged manipulation of swaps on Mango Markets, a decentralized exchange on the Solana blockchain. The n...
FTX businesses including LedgerX draw interest from over 100 potential buyers
Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
Metropolitan Commercial Bank to close crypto vertical
Metropolitan Commercial Bank’s holding company will exit its crypto asset vertical, pointing to the shifting regulatory environment for banks involved in crypto, developments in the industry and busin...
Can Solana keep up the momentum?
With crypto winter now starting to feel like an ice age, layoffs and new regulatory investigations could continue to be in the news after a slew of announcements and reports in the first week of Janua...
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions – Bitcoin News
Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now an...
FTX fraud victims invited to come forward by US officials
The U.S. Attorney’s Office for the Southern District of New York invited victims of the FTX collapse to come forward on a website that went live earlier today. An email address through whi...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
Mt. Gox first repayments pushed back to September
The timeline for Mt. Gox financial details registrations and repayments has been pushed back by two months. The first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, ...
Celsius ruling shines light on crypto user agreement fine print
Experts say a judge’s recent ruling that assets in a yield-bearing account belong to Celsius, not investors, highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms....
Mutant Ape Planet founder allegedly defrauded customers of $2.9 million
A federal court in Brooklyn charged Aurelien Michel with crimes related to defrauding customers of the NFT project “Mutant Ape Planet” out of $2.9 million. Michel allegedly promised...
Three Arrows Capital founders subpoenaed by tweet
Founders of the failed crypto hedge fund Three Arrows Capital were served subpoenas on Twitter by the fund’s liquidators, the latest wrinkle in the firm’s unusual bankruptcy case. Three Arrows C...
New York sues former Celsius CEO for fraud
New York’s attorney general filed a lawsuit against Alex Mashinsky, alleging that the former CEO of the now-bankrupt crypto lender Celsius defrauded investors. “The collapse of Celsi...
Senator who spearheaded SBF-backed crypto bill to retire
Sen. Debbie Stabenow, D-Mich., will not seek reelection in 2024. “Inspired by a new generation of leaders, I have decided to pass the torch,” she said in an announcement, with plans to se...
New Questions Arise For U.S. Businesses In China After “Jarring” End To Zero-Covid Policy
A woman pushes luggage near a check-in counter at Beijing Capital International Airport in Beijing, … [+] China, on Friday, Dec. 30, 2022. China could see as many as 25,000 deaths a day from Cov...
Mango Markets exploiter issued order of detention
The United States District Court for the District of Puerto Rico issued an order of detention for Mango Markets exploiter Avraham Eisenberg. The decision follows a detention hearing, where it wa...
SEC charges eight for $45 million blockchain fraud scheme
The U.S. Securities and Exchange Commission has charged eight individuals and businesses for the alleged sale of unregistered securities via the blockchain tech firm CoinDeal. The accused are N...
Regulators say not so fast to Binance US acquisition of Voyager Digital
U.S. regulators want a judge to stop the acquisition of Voyager Digital, a crypto lender in Chapter 11 bankruptcy proceedings, by Binance.US until the company discloses more about its own finances and...
DOJ seizing millions in Robinhood shares linked to FTX, lawyer says
The Justice Department is in the process of seizing hundreds of millions of dollars in Robinhood shares linked to FTX, a lawyer said during a Delaware court proceeding on Wednesday. A New York ...
Coinbase to pay $100 million over failure to scale AML as business boomed
Coinbase reached a $100 million settlement with the New York Department of Financial Services following investigations into failures in its compliance program. The NYDFS fined Coinbase $50 milli...