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US Venture Capital Firm Leads New Investment in Nigerian Startup Teamapt
14.8.2022
The United States-based venture capital (VC) firm, QED Investors, recently led an investment round that raised more than $50 million for the Nigerian fintech Teamapt. The investment, as well as the VC firm’s hiring of personnel tasked with spearheading its investments in Africa, seem...
Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence
14.8.2022
Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading...
Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
12.8.2022
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist?
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
12.8.2022
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the...
dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash
11.8.2022
The platform said it has used compliance vendors to scan for and flag accounts potentially associated with illicit activities, including sanctions lists for many countries
Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900
11.8.2022
Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green,...
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
10.8.2022
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility
CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
10.8.2022
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common
Tornado Cash co-founder reports being kicked off Github as industry reacts to sanctions
8.8.2022
OFAC issued a statement implying prohibited transactions with Specially Designated Nationals could include "downloading a software patch from a sanctioned entity."
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
8.8.2022
The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June
US ethics advisory on federal employee's crypto has basis in legislation
8.8.2022
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds
US lawmakers request crypto firms provide info on diversity and inclusion
5.8.2022
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter
Coinbase hit with 2 fresh lawsuits amid SEC probe
5.8.2022
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period
Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit
4.8.2022
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project
New York financial regulator fines Robinhood's crypto division $30M
2.8.2022
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris
Blockchain.com wins registration next to parent firm on the Cayman Islands
2.8.2022
Blockchain.com is working to seek registrations in countries like Italy, France, Spain, The Netherlands and cities like Dubai
Binance US will delist AMP following SEC claim token is a security
1.8.2022
The exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future."
Vinnik to Be ‘Hostage’ in US Amid Russia’s War in Ukraine, Greek Lawyer Says
1.8.2022
If extradited to the United States, crypto exchange BTC-e’s alleged operator Alexander Vinnik will become a “hostage” due to the ongoing conflict in Ukraine, according to his Greek lawyer. France is likely to send the Russian back to Greece soon and Zoe Konstantopoulou...
Ticketmaster scouts productization of enterprise NFTs beyond ticketing
31.7.2022
Ticketmaster’s job posting for a product manager of NFT ticketing tooling reveals the company’s intent to roll out NFT-based enterprise products “across all content categories including sports and music.”
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
29.7.2022
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies