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US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
5.1.2023
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...
What Will It Take for Bitcoin Mining Companies to Survive in 2023?
1.1.2023
Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network
31.12.2022
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen...
Media Draws Attention to Sam Bankman-Fried’s 2 Visits While on House Arrest
30.12.2022
After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed...
Companies and investors may need to return billions in funds paid by FTX
30.12.2022
Billions of dollars paid in the months leading up to the crypto exchange's bankruptcy may be returned to pay FTX's creditors, according to an insolvency attorney
Two crypto-related ETFs were the worst-performing in Australia for 2022
30.12.2022
ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds
Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto
26.12.2022
The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other investment...
Public Bitcoin mining companies plagued with $4B of collective debt
24.12.2022
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market
Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges
23.12.2022
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter...
SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ
23.12.2022
The US Securities and Exchange Commission (SEC) is increasing its scrutiny of audits of cryptocurrency companies and warning both investors and audit firms, WSJ reported
Marshall Islands legally recognizes DAOs as domestic limited liability companies
22.12.2022
The law enables legal entities registered in the country to formally adopt DAO structures and governance tools
Square Enix Abandons Its Chocobo Racing Game Just 9 Months After Launch
22.12.2022
A game not included on our list of major 2022 games that died this year was Square Enix’s kart racer, Chocobo GP. There’s a reason for that, as it will remain playable for the foreseeable future. However, as Square Enix announced on December 21, the game is effectively dead now since “no further...
2022 Roundup of Web Research
21.12.2022
We’ve started making a tradition of rounding up the latest front-end research at the end of each year. We did it in 2020 and again in 2021. Reports are released throughout the year by a bunch of different companies …
2022 Roundup of Web Research originally published on CSS-Tricks...
Bank of Russia to Test International Crypto Payments With Companies
21.12.2022
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
19.12.2022
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
16.12.2022
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following...
$300 Billion Investment Firm Guggenheim Partners Says More Crypto Companies Will Collapse Soon – Here’s Why
16.12.2022
The major investment firm Guggenheim Partners says the crypto industry will see more companies collapse as central banks decisively end the era of “easy money.”...
Read More: $300 Billion Investment Firm Guggenheim Partners Says More Crypto Companies Will Collapse Soon – Here’s Why
Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
16.12.2022
Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms...
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
16.12.2022
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central...