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FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information

[Nov 21, 2023 12:46 AM] FTX-backed artificial intelligence company Anthropic's CEO and co-founder Dario Amodei declined an offer from OpenAI's board of directors to merge, according to a news report.

Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

[Nov 20, 2023 4:41 PM] Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday.

Binance in Talks to Pay More Than $4B to End U.S. Criminal Case; CZ Could Still Face Charges: Bloomberg

[Nov 20, 2023 11:43 AM] A resolution could come as soon as the end of this month, Bloomberg reports.

CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds

[Nov 17, 2023 11:50 AM] A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.

Mastercard Says Customers Are Too Comfortable With Today's Money for Adoption of CBDCs: CNBC

[Nov 17, 2023 5:19 AM] The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today's type of money, a senior Mastercard official has said.

Global Standards Setter for Securities Regulation Publishes Crypto Markets Policy Recommendations

[Nov 17, 2023 2:34 AM] IOSCO denied crypto industry requests for a bespoke regime for stablecoins while requiring closer cooperation between regulators in promotional materi

California, Texas Among States Accusing GS Partners of Misleading Crypto Investors

[Nov 16, 2023 3:50 PM] Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property.

FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto

[Nov 16, 2023 12:43 PM] Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement.

Sam Bankman-Fried's Trial May Be Over, but The Bahamas Is Living Its Own Trial

[Nov 16, 2023 12:05 PM] Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.

UK's Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say

[Nov 16, 2023 9:05 AM] The government has said it won't extend certain regulatory exemptions reserved for foreign TradFi firms to crypto.

Ramaswamy Shares Crypto Plan, Making Him the Only GOP Candidate Who Has One

[Nov 16, 2023 8:00 AM] Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he's elected to the White House: You're fired. And everybody still left at their desks would need to…

BlackRock Ether ETF Prospectus Gets Filed With SEC

[Nov 16, 2023 5:31 AM] The S-1 form follows the registration of a corporate entity called "iShares Ethereum Trust" in Delaware.

Singapore Central Bank to Start 'Live' Wholesale CBDC Trials

[Nov 16, 2023 5:16 AM] The trials are part of a broader initiative to test digital money, including tokenization of banking assets.

Do Kwon's Appeal in Fake Passport Case Denied by Montenegro High Court

[Nov 16, 2023 4:40 AM] The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.

U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules

[Nov 16, 2023 12:56 AM] A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.

Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations

[Nov 15, 2023 8:00 PM] Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.

NYDFS Rolls Out Stricter Guidelines for Cryptocurrency Listings, De-listings

[Nov 15, 2023 5:57 PM] The New York State Department of Financial Services (NYDFS) has said it strengthened its guidelines for listing or de-listing cryptocurrencies in a move to beef up protections for crypto investors throughout the state, NYDFS Superintendent Adrienne…

SEC Delays Decision on HashDex Bitcoin Spot ETF Application, Grayscale Ether Futures Filing

[Nov 15, 2023 1:03 PM] The U.S. Securities and Exchange Commission (SEC) is delaying any decision on efforts by Hashdex and Grayscale to convert existing investment products into exchange-traded funds, according to a set of filings on Wednesday.

Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas' Digital Asset Fundraising

[Nov 15, 2023 12:38 PM] A group of lawmakers led by

What an SEC Proposal Means for RIAs in Crypto

[Nov 15, 2023 10:45 AM] The SEC’s Custody Rule requiring advisors to safeguard digital assets has big implications for advisors working in the crypto industry, says Nathan McCauley, CEO and Co-Founder of Anchorage Digital.

CBDCs Good for Payments, Even With Competition: IMF

[Nov 15, 2023 10:20 AM] The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.

CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat

[Nov 15, 2023 10:11 AM] U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam.

Germany's Commerzbank Wins Crypto Custody License

[Nov 15, 2023 7:16 AM] It's the first German full-service bank to be granted the custody license, according to a statement.

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

[Nov 15, 2023 6:58 AM] The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

[Nov 15, 2023 4:43 AM] The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights

[Nov 15, 2023 3:54 AM] The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.

U.S. CBDC Is Unlikely in the Near Term: Bank of America

[Nov 15, 2023 2:51 AM] The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

Crypto Custodian Hex Trust Obtains Full Dubai Operating License

[Nov 14, 2023 11:00 PM] This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai.

India's Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines

[Nov 14, 2023 7:18 PM] India's Supreme Court has turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies.

'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud

[Nov 14, 2023 2:03 PM] The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S…