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New York-based bank exits crypto after tumultuous year
9.1.2023
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical
Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review
8.1.2023
2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush”...
Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
7.1.2023
United States prosecutors are investigating hedge funds' relationships with cryptocurrency exchange Binance for money-laundering violations
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
7.1.2023
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group...
Using blockchain technology to combat retail theft
7.1.2023
Blockchain technology may be a solution when it comes to anti-theft measures for retailers
US authorities launch page to notify FTX's victims about SBF's case
6.1.2023
According to the court filing, the number of victims in the FTX case made it “impractical” to rely on more traditional methods of notification
US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year
6.1.2023
The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any other country, while Australia tops the chart...
ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’
6.1.2023
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer...
US authorities are turning their attention to FTX's Nishad Singh: Report
5.1.2023
FTX's bankruptcy filings show a $543-million loan to Nishad Singh and he was reportedly a part of the secret 'wirefraud' chat group
US authorities to intensify scrutiny of crypto industry in 2023
5.1.2023
The SEC, FASB, and IRS are working to tighten crypto regulations and expand industry oversight
US senator behind efforts to pass major crypto bill won't seek re-election
5.1.2023
Senator Debbie Stabenow was one of the lawmakers behind introducing the Digital Commodities Consumer Protection Act in August
FTX's former top lawyer cooperated with the US in Sam Bankman-Fried case
5.1.2023
FTX’s former compliance chief Daniel Friedberg started working for Sam Bankman-Fried in 2017 and resigned from FTX days before the exchange collapsed
US Congress investigations into FTX are in limbo without a House Speaker
4.1.2023
With no leadership elected to the House of Representatives, efforts to address fraud allegations at FTX or legislate crypto may be delayed indefinitely
World Economic Forum Believes Crypto Will Remain Key Technology
4.1.2023
The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a terrible year, the building blocks of the industry will...
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
3.1.2023
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market
Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing
3.1.2023
Two unidentified parties are planning to act as sureties for Sam Bankman-Fried's bail, and his legal team wants to ensure they stay that way
New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2
2.1.2023
Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023
US lawmakers could consider stock trading ban in next session of Congress
2.1.2023
All members of Congress are already required to report most investments in stocks and cryptocurrency, but many have pointed to potential conflicts of interest
Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession
2.1.2023
Recent research from major financial institutions tied to the Federal Reserve sees the U.S. facing a “shallow” or “mild” recession in 2023
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...