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Feb 18, 2023 9:30 AM (2 years ago)

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…
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Feb 18, 2023 3:00 AM (2 years ago)

Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules

The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and…
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Feb 18, 2023 12:30 AM (2 years ago)

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help

Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the…
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Feb 17, 2023 8:00 PM (2 years ago)

Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status

Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive…
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Feb 17, 2023 6:30 PM (2 years ago)

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors 

Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter…
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Feb 17, 2023 5:00 PM (2 years ago)

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets

A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with…
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Feb 17, 2023 3:00 PM (2 years ago)

Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks

The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts…
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Feb 17, 2023 11:31 AM (2 years ago)

NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens

The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle…
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Feb 17, 2023 11:00 AM (2 years ago)

Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming

Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the…
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Feb 17, 2023 9:00 AM (2 years ago)

Unstoppable Domains and Crypto Browser Opera Widen Scope to Offer Accessible Web3 Identity System

Opera, the Web3 browser, and Unstoppable Domains, the non-fungible token (NFT) domain provider, have announced that users can now access all domain endings, including .x, .crypto, and .nft, across Opera’s browsers. Additionally, Opera and…
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Feb 17, 2023 6:30 AM (2 years ago)

Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to…
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Feb 17, 2023 4:00 AM (2 years ago)

Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners

The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required…
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Feb 17, 2023 2:30 AM (2 years ago)

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the…
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Feb 16, 2023 11:00 PM (2 years ago)

Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea

Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently…
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Feb 16, 2023 9:00 PM (2 years ago)

Keanu Reeves Says Dismissing Crypto Will Only Make It Better

Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an independent currency are…
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Feb 16, 2023 7:00 PM (2 years ago)

Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month

Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing…
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Feb 16, 2023 5:41 PM (2 years ago)

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities…
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Feb 16, 2023 4:35 PM (2 years ago)

US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers

The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive…
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Feb 16, 2023 3:00 PM (2 years ago)

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the…
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Feb 16, 2023 1:00 PM (2 years ago)

Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond

According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two…
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