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United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’
4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...
Bitfarms responds to Riot Platforms’ proposed board changes
4.9.2024
Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed
Bitfarms responds to Riot Platforms’ proposed board changes
4.9.2024
Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed
Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
14.8.2024
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation...
Bitfarms pushes back against Riot’s $950M takeover attempt
13.6.2024
Riot's $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests
Binance Establishes Its First Board of Directors, Remains Without Global Headquarters
4.4.2024
After years of operating without a board, Binance recently established its first board of directors, chaired by a former diplomat from Barbados. The cryptocurrency exchange still lacks a global headquarters. Some critics argue that the board members do not possess the necessary experience for...
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...
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...
Ethereum co-founder Vitalik Buterin defends DAOs against critics
21.9.2022
Buterin believes collusion and corruption can be minimized when deciding power is in the hands of the entire group, rather than an individual or small minority
New Grimes Song Declares Elon Musk As 'Greatest Gamer' But Crappy Boyfriend
4.12.2021
Grimes released a new song off her upcoming album Book 1. The track is titled “Player of Games” and appears to be a not-so-subtle song about the musician’s four-year relationship and recent break up with 50-year-old Tesla CEO and internet troll Elon Musk. Read more
SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months
9.10.2020
The U.S. Securities and Exchange Commissioner, Hester Peirce says while defi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. As a result of this lack of clarity, Peirce says questions about the regulatory structure and how these...