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SEC calls on firms to disclose exposure to crypto bankruptcies and risks
9.12.2022
The Securities and Exchange Commission corporate finance division reminded companies of what they are required to disclose and provided guidance to what else they want to know
BlockFi employees were discouraged from describing risks in internal communications: Report
8.12.2022
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda
Hong Kong Amends Finance Law to Incorporate Crypto Firms
8.12.2022
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year
DeFi, such as Oryen Network, Maker, and Convex Finance, allow you to stay in control of your assets
8.12.2022
Decentralization of finance is changing the world order by bringing financial matters into the hands of individuals. As a result, there has been a significant rise in DeFi protocols promoting this major devolution by encouraging the world to decentralize their finance. Centralization in crypto...
US regulator to seek feedback on DeFi's impact on financial crime
8.12.2022
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks
Binance US eliminates trading fees for Ethereum
7.12.2022
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
7.12.2022
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s loan defaults
Orthogonal Trading fails to repay a loan amount of $10M to Mapple Finance
6.12.2022
With the FTX going into bankruptcy, the overall ripple effect is seemingly carrying on, leaving its ugly mark and negative impact on all who are connected. In the latest case scenario, it happens to be Orthogonal Trading that has come under its adverse influence. For the uninitiated, this entity...
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
5.12.2022
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
5.12.2022
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda
Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial Position
5.12.2022
Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
5.12.2022
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa...
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan
5.12.2022
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt....
Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask
3.12.2022
Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank...
DeFi ecosystem still haunted by FTX contagion: Finance Redefined
2.12.2022
Top-100 DeFi tokens saw a bullish wave with the start of the new month, but many DEX platforms are still haunted by FTX contagion
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
2.12.2022
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is
BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit
2.12.2022
Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit. Defi Protocol Ankr Hit by Unlimited Mint...
Elon Musk Fears Severe US Recession is Coming, Urges the Federal Reserve to Do This to Prevent It
1.12.2022
Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession.
In reply to a tweet that said a real economic recession is coming in 2023, Musk agreed that the current...
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse
1.12.2022
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told...
National Bank of Ukraine Unveils E-hryvnia Concept
1.12.2022
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s...