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Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets

19.12.2022
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies...

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

19.12.2022
The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021

US Senate banking chair floats possibility of banning crypto

19.12.2022
Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.”

Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues

18.12.2022
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn...

Basel Committee Endorses Global Crypto Banking Rules to be Implemented by 2025

16.12.2022
The rules suggested that a banks exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%

New House Financial Services Committee chair wants to delay crypto tax changes

16.12.2022
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury

Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision

15.12.2022
Rep. Patrick McHenry, the soon-to-be chair of the House Financial Services Committee, wrote a public letter to Treasury Secretary Janet Yellen asking her to delay the implementation of the tax provision in last year's infrastructure law

US Trustee names Wintermute on creditor committee in FTX bankruptcy case

15.12.2022
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people

Wintermute, Venture Cap Octopus Given Seats on Key FTX Creditor Committee

15.12.2022
The crypto firms and individual investors will play a key role in representing the issues of the million or so potentially owed money by Sam Bankman-Fried’s company

Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

14.12.2022
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s...

Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting

14.12.2022
Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana...

$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee

13.12.2022
There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland Partner Sarah Paul

Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely

12.12.2022
The former CEO previously missed the deadline to confirm his appearance before the Senate Banking Committee, despite the threat of a subpoena

US senator calls on SEC's Gensler to answer for 'regulatory failures'

12.12.2022
Republican Senator Tom Emmer has long been a critic of Gary Gensler and the U.S. Securities Exchange Commission’s cryptocurrency oversight strategy

US Senator: There's 'no reason why' crypto should exist

12.12.2022
Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there's “no reason” why it should exist

Sam Bankman-Fried Finally Agrees to Testify Before House Committee Next Week – This is What Happened

10.12.2022
Sam Bankman-Fried, founder and former CEO of FTX, has eventually agreed to participate in the upcoming U.S. House committee’s hearing and testify on the collapse of his crypto empire. In a Friday tweet, Bankman-Fried said he still does not have access to much data regarding his crypto empire...

Argentina Organizes National Blockchain Committee to Implement State Level Strategy

10.12.2022
The government of Argentina has designated a national blockchain committee in order to establish the directives for a state-level blockchain adoption strategy. In a document, Argentina remarks on the importance of this tech for the future and presents several use cases that would benefit from...