European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
10.12.2022
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over...
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...
Bahamian attorneys pursue access to FTX data of international customers
10.12.2022
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations
Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days
10.12.2022
The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation...
Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions
10.12.2022
The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media. Russian Police Brag About New Crypto...
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
10.12.2022
This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange...
Lessons we learned from the Terraform-FTX implosions
10.12.2022
The crises cryptocurrency experienced in 2022 served as a reminder of some classic bits of investing wisdom
Class Action Lawsuit Against FTX’s Celebrity Promoters and Sam Bankman-Fried Is Quietly Dropped
10.12.2022
A class action lawsuit filed against former FTX CEO Sam Bankman-Fried and a host of paid celebrity promoters for the now-defunct crypto exchange has been dropped
EU Lawmaker Kaili Suspended From Party in Corruption Scandal
9.12.2022
European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate crypto in Europe, has been suspended from her party in reaction to reports that she and others are allegedly tied to a wide-ranging corruption scandal involving illicit lobbying activity for Qatar
Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda
9.12.2022
On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block...
Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries
9.12.2022
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Data shows the Bitcoin mining bear market has a ways to go
9.12.2022
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations