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The IMF and the U.S. Support India's Plan to Coordinate Global Crypto Regulation at G20
26.2.2023
The International Monetary Fund and the United States have shown support for India's plan to coordinate global crypto regulation during the recent G20 meeting.
India, which currently holds the G20 presidency, has been pushing for a collective global effort to regulate the nascent digital asset...
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
26.2.2023
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms
24.2.2023
The global financial crime watchdog's plenary, made up of 206 members of observer organizations like the IMF and the UN, will also take stock of what jurisdictions have been doing so far
Platypus reveals compensation plan for users' funds after attack
23.2.2023
DeFi protocol Platypus seeks to return nearly 78% of the main pool funds by reminting frozen stablecoins
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
22.2.2023
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s...
Voyager’s Binance US Sale Plan ‘Full Steam Ahead,’ Counsel Says
22.2.2023
A vast majority of Voyager’s creditors are voting in favor of a plan to sell assets to Binance US, a New York court was told today
LINE discloses its B-PLAN & vision for 2023
22.2.2023
LINE Blockchain has made a public declaration of its business plans for the year 2023. Along with that, there is also a mention of all of the past achievements and an overall vision statement of the company. In a broader sense, LINE plans to launch the public mainnet, along with introducing a...
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
20.2.2023
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance...
Democrats to Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried
19.2.2023
After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million,...
Platypus to work on compensation plan after $8.5M attack
18.2.2023
According to the DeFi protocol, different parties are currently involved in the funds' recovery process, including legal enforcement officials
Compute North’s Reorganization Plan Approved by Bankruptcy Judge
16.2.2023
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M
16.2.2023
The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate
Co-Founder of Privacy-Focused Gnosis Chain Proposes Plan to Reduce Ethereum Dependency for GNO Token
16.2.2023
Gnosis co-founder Martin Köppelmann flagged potential security issues in a proposal discussion on Gnosis’ governance forums
Republicans Plan to Reintroduce Legislation Restricting Crypto in 401(k): Politico
15.2.2023
The legislation will be introduced in the House by Rep. Byron Donalds (R-Fla), the report said
Republicans Plan to Reintroduce Legislation to Prevent Crypto Restrictions in 401(k): Politico
15.2.2023
The legislation will be introduced in the House by Rep. Byron Donalds (R-Fla), the report said
Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan
15.2.2023
Australian cryptocurrency exchange Digital Surge is set to come back online after stakeholders signed the recovery plan on Wednesday
Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor
15.2.2023
Debtors of bankrupt crypto lender Celsius Network have chosen the NovaWulf sale plan for reorganization as it "provides the best method to distribute the Debtors’ liquid crypto assets and maximize the value of the Debtors’ illiquid assets."
Southeast Asia’s Largest Bank DBS Unveils Plan to Expand Crypto Services in Hong Kong
15.2.2023
DBS, the largest bank in Southeast Asia, has unveiled its plan to expand its crypto services in Hong Kong. “We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” said an executive of the bank. DBS Bank to Apply...