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SEC chair's crypto oversight strategy in question as ecosystems collapse
26.11.2022
Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
24.11.2022
New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto...
US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'
23.11.2022
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
23.11.2022
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate,...
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
23.11.2022
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community
New York AG pushes prohibition of crypto purchases via retirement funds
23.11.2022
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts
JPMorgan Chase Granted Wallet Trademark Covering Various Virtual Currency and Crypto Payment Services
23.11.2022
The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and exchanges, as well as crypto payment services. JPMorgan...
Approving a spot crypto ETF is 'all about political power' — Perianne Boring
22.11.2022
According to the Chamber of Digital Commerce CEO, passing any kind of legislation — including bills on crypto and blockchain — will be "incredibly difficult" in a divided government
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
22.11.2022
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between...
Bitcoin, Ethereum Technical Analysis: ETH Slips Below $1,100 Ahead of FOMC Minutes Report
22.11.2022
Ethereum fell below $1,100 on Nov. 22, ahead of tomorrow’s much anticipated United States Federal Open Market Committee (FOMC) minutes release. Many are looking toward this report for hints from the U.S. Federal Reserve, in terms of when it could pivot from current policy. Bitcoin was also...
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
21.11.2022
The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange
Election tally: Does blockchain beat the ballot box?
21.11.2022
With election integrity under assault in the United States and elsewhere, is blockchain technology part of the solution? Greenland explores voting options
Celsius bankruptcy victims get proof-of-claim deadline from US court
21.11.2022
The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company
American CryptoFed registration at risk as SEC alleges filing anomalies
20.11.2022
The SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke
FTX leadership pressed for information by US subcommittee chairman
19.11.2022
A letter by the chair of the Subcommittee on Economic and Consumer Policy demanded the former and current FTX CEOs turn over details of the exchange’s past and current financials
FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms
18.11.2022
After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022, reports claim that Sam Bankman-Fried donated more than...
Banks still show interest in digital assets and DeFi amid market chaos
18.11.2022
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions
Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa
18.11.2022
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” The evolution of Ripple’s partnership with MSF Africa, which has...
Regulator Halts Trading of FTX Tokens in Indonesia
17.11.2022
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world....
Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases
17.11.2022
The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect