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Ex-Google exec to bring Web3 to masses as new Aptos Labs adviser
9.5.2024
David Lawee, former Google vice president of corporate development, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos
DeFi Identity Should Be Focus of U.S. Policymakers, CFTC Says
9.1.2024
The Commodity Futures Trading Commission wants U.S. policymakers to evaluate options for regulating the issue of identity information in decentralized finance, a report published Monday said
FBI Warns of North Korean Hackers’ Intent to ‘Cash Out’ $40M in Bitcoin
23.8.2023
On August 22, 2023, the FBI issued an alert, cautioning about North Korean hackers possibly trying to cash out bitcoin valued at over $40 million. U.S. Intelligence Flags Potential $40M Bitcoin Liquidation by North Korean Hackers The FBI is urging both public and private sectors to be vigilant...
Australia's crypto laws risk being outpaced by emerging markets: Think tank
20.6.2023
Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph
SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle
8.6.2023
Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided...
Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities
11.4.2023
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,”...
CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed
23.3.2023
DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator
CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group
14.3.2023
The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
Lawyers picnic: FTX counsel and advisors rake in $34M in January
8.3.2023
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case
SEC proposes tougher rules as part of its crypto custody crackdown
16.2.2023
The new proposals set forth by the Gensler-led SEC seek to “expand the scope” of rules set out by the 2009 Custody Rules
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
8.2.2023
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo...
South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints
24.1.2023
According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted...
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
20.10.2022
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers...
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment
8.10.2022
After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoop’s brand partnership manager Nick Adler joined a newly-created Gala...
Binance Resumes Offering Futures Trading Products to South African Users
27.9.2022
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South...
Binance Creates Global Advisory Board to Tackle Regulatory Challenges
23.9.2022
An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto...
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company
16.8.2022
Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.” Hodlnaut Updates Customers...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
17.7.2022
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services....
South African Regulator Urges Public to Be More Cautious When Dealing With FTX, Bybit
3.2.2022
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory...