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Australia's CBDC Likely Some Years Away, Central Bank Says

[Aug 23, 2023 12:23 AM] Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.

Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading

[Aug 22, 2023 2:58 PM] Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades during his tenure at the NFT company.

Privacy Mixer Tornado Cash Is an Entity, Judge Says

[Aug 22, 2023 9:30 AM]

Sam Bankman-Fried Pleads Not Guilty to Latest Indictment

[Aug 22, 2023 7:21 AM] FTX founder Sam Bankman-Fried appeared in court Tuesday to be arraigned after the latest indictment accused him of using customer funds for everything from buying personal real estate to political donations.

Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says

[Aug 22, 2023 6:00 AM] Bitcoin ETFs could boost adoption because digital assets offer an escape route for state-imposed capital controls, a grouping of central bankers from the Americas said.

Nomura-Backed Crypto Custody Firm Komainu Wins Operating License in Dubai

[Aug 22, 2023 4:01 AM] The company can now offer its full range of digital asset custody services to clients in the emirate, including institutional staking and collateral management.

Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion

[Aug 22, 2023 1:46 AM] A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.

Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial

[Aug 21, 2023 7:55 PM] The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arraigned on a new superseding indictment.

Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin

[Aug 21, 2023 5:20 PM] A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve billions of dollars worth of bitcoin that the company allegedly lost in a hack, a Monday court filing…

Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns

[Aug 21, 2023 4:00 PM] The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the…

Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases

[Aug 21, 2023 2:59 PM] Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.

Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns

[Aug 21, 2023 4:06 AM] Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions.

FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee

[Aug 21, 2023 12:23 AM] Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion.

Consensus Pause: Majority of Economists Predict No Rate Hikes for 2023, With Cuts Delayed Until March 2024

[Aug 20, 2023 2:30 PM] A newly published Reuters poll reveals that most economists concur: the U.S. Federal Reserve has likely capped its rate hikes. Yet, rate cuts aren’t anticipated until March 2024. This survey drops just as markets approach the annual Jackson Hole…

XRP Ruling Needs Appeals Court Review, SEC Says

[Aug 18, 2023 3:13 PM] The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge's ruling that XRP sales through exchanges didn't violate securities law, a day after the judge said the SEC could present its argument.

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

[Aug 18, 2023 1:13 AM] Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

[Aug 17, 2023 2:21 PM] A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.

SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules

[Aug 17, 2023 12:11 PM] A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.

FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action

[Aug 17, 2023 10:20 AM] TK

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.

[Aug 17, 2023 9:20 AM] As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and…

Sam Bankman-Fried Is Now in Jail

[Aug 17, 2023 8:30 AM] It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a r

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

[Aug 17, 2023 7:14 AM] Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.

Genesis, FTX Strike Deal for $175M Bankruptcy Claim

[Aug 17, 2023 5:50 AM] Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.

3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator

[Aug 16, 2023 6:31 AM] The exchange was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.

Crypto Mining Gets Its Own Lobbying Voice in Washington

[Aug 15, 2023 3:00 PM] Crypto miners are establishing a new voice in U.S. policy, starting up the Digital Energy Council to lobby for friendly policy as regulators and Congress are wrestling with the next steps in crypto regulation.

Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

[Aug 15, 2023 1:06 PM] Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.

FDIC Crypto Warning Underlines U.S. Banking Agencies' Arm’s-Length Policy

[Aug 15, 2023 10:34 AM] The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment.

G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency

[Aug 15, 2023 10:30 AM] G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress…

Singapore's Central Bank Releases Stablecoin Regulatory Framework

[Aug 15, 2023 5:42 AM] Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request.

Donald Trump Holds Up to $500K in Crypto

[Aug 14, 2023 2:45 AM] The former U.S.president launched a NFT series last year.