Based on reports from various news outlets, PayPal has apparently decided to abort the launch of its stablecoin that was expected to be unveiled in the upcoming weeks, despite releasing its 2022 fourt...
Tag: Scrutiny
Paxos Trust Company is Under Scrutiny: NYDFS Investigates
Paxos Trust Company is under the scrutiny of the New York Department of Financial Services. A person familiar with the matter told that the reason for the probe is still unclear. NYDFS told that the d...
Paxos Faces Scrutiny From New York Regulators As They Gear Up To Protect Consumers
BUSD and USDP issuer Paxos have come under New York regulators’ radar. Although there is no specific reason for the investigation, reports revealed that the New York Department of Financial Services (...
Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, accor...
Are Regulators Taking Aim at Crypto Staking? Rumors Suggest New SEC Scrutiny
As U.S. regulators continue to tighten their reigns on crypto, rumors are swirling that the next target could be the practice of cryptocurrency staking. “We’re hearing rumors that the SEC would like t...
SEC Prioritizes Scrutiny of Crypto and Emerging Tech in 2023
The United States Securities and Exchange Commission (SEC) announced that its top priorities for 2023 include cryptocurrencies and emerging technologies. On Tuesday, the Division of Examinations of th...
Venture capital expected to see more regulatory scrutiny after FTX
Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission’s Christy Goldsmith Romero spoke about a “trust deficit” am...
SEC to up scrutiny of firms offering or giving advice about crypto
Crypto brokers and investment advisers offering or giving advice about cryptocurrencies will be put under the scope of the United States securities watchdog this year. A Feb. 7 statement from the Secu...
SEC Under Scrutiny: Congress To Review Regulatory Overreach
For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from collapsing and saving investors millions of dollars. It has a long-running lawsuit again...
Silvergate’s ties to FTX face renewed scrutiny from senators
Several U.S. senators are seeking new details from Silvergate Capital about its knowledge of FTX’s wrongdoing, according to a Jan. 31 report from Bloomberg. The senators responsible for the inquiry in...
FTX-Linked Charity Under Scrutiny By UK Regulator, What’s Coming?
A UK regulator is investigating the Effective Ventures Foundation, a charity connected to failed crypto exchange FTX, as its founder Sam Bankman-Fried, was a significant contributor to the foundation....
Elizabeth Warren wants the SEC to tighten its scrutiny on crypto – Cryptopolitan
Elizabeth Warren, a skeptic of cryptocurrencies and a senator in the United States, has called for the Securities and Exchange Commission (SEC) to increase its crypto enforcement efforts. Elizabeth Wa...
Binance Business With Bitzlato Brings Unwelcome Scrutiny
The Financial Crimes and Enforcement Network (FinCEN) identified Binance and Hydra as two of the top three receiving counterparties of Bitzlato, a Russian P2P exchange whose owner was recently charged...
Law firm Sullivan & Cromwell to face scrutiny in FTX bankruptcy hearing Friday
Sam Bankman-Fried used to work out of Sullivan & Cromwell’s office in New York City. Now, the law firm is facing scrutiny over whether it can investigate FTX, the disgraced former billionaire’s cr...
Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny – Bitcoin News
According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solic...
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York – Bitcoin News
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, publis...
Crypto.com Under UK Regulators’ Scrutiny for False Advertising
Crypto.com is in legal trouble with UK’s watchdog for misleading advertisements, while crypto companies are parting ways with sports partnerships. The UK Advertising Standard Authorities (ASA) have ac...
Binance Exchange is Under Strict Scrutiny by U.S. Prosecutors – Here’s What’s Happening
The U.S. prosecutors are currently investigating the connection between Binance and American Hedge funds for possible violations of money-laundering rules and are under strict scrutiny by them. Subpoe...
Tether stablecoin still under scrutiny
Tether stablecoin (USDT) in 2022 has seen two failures: the collapse of Terra/ Luna USD in May and the failure of FTX in November. In both cases, Tether stablecoin was affected by the collapse of the ...
Binance’s Voyager Deal Under Scrutiny Due to Security Concerns
Alex Dovbnya The committee has the authority to potentially block the deal if it deems such a transaction harmful to US interests In a recently filed notice, the U.S. has indicated that Binance’...
Sam Bankman-Fried’s $200M Venture Investments With Users’ Funds Has Drawn SEC’s Scrutiny
According to reports, of the billions of dollars in client deposits that suddenly vanished from FTX, about two hundred million dollars were utilized by Sam Bankman-Fried “SBF” to support investments i...
Crypto.com promotes COO to president as exchanges face scrutiny
Crypto.com promoted COO Eric Anziani to President as the industry grapples with scrutiny over the health of crypto exchanges. Anziani will oversee operations, including customer experience, onb...
Solana plunging as scrutiny over FTX relations grows
Although Solana’s price has dropped steadily for eight months with few instances of recovery, the allegations of bad management and its exposure to fallen exchange FTX continue to plague the its survi...
SEC Official Hints of Increasing Scrutiny on Crypto Firm Audits
Cryptocurrency market has been through a tough phase during the whole year where the fall of many prominent companies only made it worse. Financial regulators were expected to step-in and make efforts...
Binance Addresses Mazars Saga, USDC Withdrawal Halt and Other ‘FUD’ Amid Heightened Crypto Exchange Scrutiny
Binance is addressing the fear, uncertainty and doubt (FUD) centered around crypto exchange platforms after the high-profile downfall of FTX. In a new company blog post, the world’s largest digital as...
SEC increasing scrutiny of crypto ‘proof-of-reserves’: WSJ
The U.S. Securities and Exchange Commission’s acting chief accountant, Paul Munter, warned investors to put little faith in crypto companies’ proof-of-reserves. “We’re warning invest...
SEC Targets Crypto Auditors Seeking Greater Scrutiny
The SEC is stepping up its scrutiny of crypto auditors as it continues to wage war against the digital asset industry. In the latest in a recent torrent of anti-crypto articles, the Wall Street Journa...
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora – Bitcoin News
On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed the...
Wells Fargo scandal deserves more scrutiny, Ripple CEO says
Brad Garlinghouse, the CEO of Ripple, pointed out the huge difference between public outrage at the FTX scandal and the relatively quiet response to Wells Fargo’s record-breaking penalty. On Wednesday...
AMD earnings face even more scrutiny after ‘astonishingly bad’ Intel outlook
Advanced Micro Devices Inc. gets to show Wall Street if it “certainly” ended 2022 in a better place, after the price of clearing inventory helped gut results from rival Intel Corp. AMD AMD, +0.32% is ...