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Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...
Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help
18.2.2023
Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever...
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
18.2.2023
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director...
Custodia Bank Renews Push for Fed 'Master Account' After Rejection
17.2.2023
Custodia Bank filed an amended complaint against the Federal Reserve Friday, weeks after the Fed rejected its effort to secure a "master account" and become a member of the Federal Reserve System
Former FTX exec will plead guilty to federal charges with a deal: Report
17.2.2023
Nishad Singh, the bankrupt exchange’s former director of engineering, went to a proffer session with prosecutors last month and is reportedly nearing a plea deal
NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens
17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million....
SBF could 'conceivably' get bail revoked, says judge
17.2.2023
A federal judge said there was "probable cause" to believe that SBF engaged in activities that could land him in jail
Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report
16.2.2023
The judge reportedly did not expand SBF’s bail conditions to include restrictions on the internet or VPNs, but asked his lawyers to pay for a consultant to explore the matter
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
15.2.2023
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work
Brainard reportedly moving from the Fed to head National Economic Council
14.2.2023
Fed vice chair Lael Brainard became vice chair of the Fed after a partisan fight and has been considered other top positions
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
14.2.2023
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty...
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
14.2.2023
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits...
Bitcoin Dips After Inflation Comes in Slightly Hot
14.2.2023
The report suggests the Fed TKTK
Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg
14.2.2023
Brainard has been leading the U.S Federal Reserve's work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision
Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
13.2.2023
Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional...
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...
Fed Governor Warns Crypto Prices Could Fall to Zero — Says ‘Don’t Expect Taxpayers to Socialize Your Losses’
13.2.2023
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero,...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes
12.2.2023
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going to weaken, but weaken much more than the markets expect,” the economist stressed. Peter Schiff’s Warning Gold...
Fed governor Waller says crypto ecosystem has distinct parts with varying potential
10.2.2023
Christopher Waller praised the emerging applications of distributed ledger technology, smart contracts and tokenization, but he changed his tune for crypto assets