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Ex-Coinbase Manager’s Brother Sentenced to Prison in Crypto Insider Trading Case
12.1.2023
A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ)...
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
12.1.2023
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets...
The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’
12.1.2023
Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading...
Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government
12.1.2023
The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law...
Five UK Associations Form Crypto Alliance to Steer Digital Asset Regulation
11.1.2023
The U.K. Forum for Digital Currencies, which includes governing body City of London Corporation, also aims to further the countries crypto hub ambitions
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
11.1.2023
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars...
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
10.1.2023
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China....
US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case
10.1.2023
Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX
Argentina Wants Citizens to Declare Their Crypto Holdings
10.1.2023
Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties.
Per Errepar, the bill has been spearheaded by Sergio Massa, the Minister for the Economy. The draft law aims to tighten...
These Businesses Will be The Survivors of the Crypto Winter, Says a Top Financial Services Lawyer
10.1.2023
Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued....
Read More: These Businesses Will be The Survivors of the Crypto Winter...
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs
10.1.2023
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings (ICOs) and how these can become “a new way...
Hong Kong Reaffirms Commitment to Become Regional Crypto Hub
10.1.2023
Hong Kong has reaffirmed its commitment to become a regional crypto hub in following the collapse of cryptocurrency exchange FTX. “As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said a top government...
Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report
9.1.2023
Former Chinese Communist Party member Xiao Yi seemed to speak with a very subdued voice from what appeared to be prison, apologizing for supporting a Fuzhou crypto mining firm
Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly Cut Ties with Huobi Global
9.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly...
Belgian MP receives Bitcoin salary for a year: Here’s what he learned
9.1.2023
Christophe De Beukelaer considers his experiment successful, as he raised awareness among the local lawmakers
US DOJ announces seizure of 55M Robinhood shares
9.1.2023
The Justice Department said it had seized 55,273,469 shares of Robinhood and more than $20 million in U.S. currency as part of the criminal case against Sam Bankman-Fried
Binance Joins Association of Certified Sanctions Specialists
9.1.2023
Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance. With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a club of multinational corporations and financial...
Hong Kong’s Financial Secretary Doubles Down on Crypto Hub Positioning Despite Crypto Winter
9.1.2023
Paul Chan, Hong Kong's Financial Secretary, said that, despite the ongoing market downturn, the city would continue to work toward becoming a major crypto hub, attracting businesses from across the world.
Chan, the Financial Secretary since 2017, was speaking at a Web3 forum, Bloomberg reported...
Swyftx to chop its 'Earn' program this week, citing murky regulations
9.1.2023
Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
9.1.2023
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from...