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Crypto skeptic Brad Sherman: federal financial regulators 'sound like Sam Bankman-Fried'
16.11.2022
The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes
FTX collapse was a 'dumpster fire', says US lawmaker announcing investigative hearing
16.11.2022
"There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry
US reportedly considering Bankman-Fried extradition for questioning
16.11.2022
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
16.11.2022
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial...
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
16.11.2022
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities
FDIC acting chair says no crypto firms or tokens are backed by agency
15.11.2022
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”
NY Fed launches 12-week CBDC pilot program with major banks
15.11.2022
Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot
FTX bankruptcy filing speculates over 1 million creditors
15.11.2022
In the latest bankruptcy filing for the exchange, it was revealed that there may be one million creditors, rather than the 100,000 initially estimated
Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says
15.11.2022
A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92 billion in value from 2021 to 2026. The report states that 33% of this growth will originate in U.S....
President Biden announces pick for FDIC chair
14.11.2022
Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration
Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals
12.11.2022
The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies...
FTX, FTX US, and Alameda file for Chapter 11 bankruptcy in US; SBF resigns
11.11.2022
FTX CEO Sam Bankman-Fried has resigned his position, and will be succeeded by John Ray
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...
FTX US resigns from the Crypto Council for Innovation
10.11.2022
“The news this week has been shocking, but we’ve also seen the community come together," said CCI CEO Sheila Warren
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
10.11.2022
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter
US lawmaker warns of 'major consequences' for users of unregulated crypto firms, citing FTX
10.11.2022
"FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters
Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?
9.11.2022
Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
9.11.2022
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
8.11.2022
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities."
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
8.11.2022
United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last...