The European Parliamentary Research Service (EPRS) has, in its Thursday, September 21 publication, called for heightened oversight of the global digital assets market. The report supports formulating a European regulatory framework aligned…
Category: Regulation
FTX Seeks $157 Million Against Hong Kong Affiliate Ex-Employees
The embattled crypto exchange FTX filed charges alleging four ex-employees leveraged their connections to withdraw funds at the onset of FTX’s instability. The court filing indicates that the ex-staffers were privy to…
Senator Warren’s Crypto Anti-Money Laundering Bill Gets Nine New Supporters
Crypto-hating Senator Elizabeth Warren has seen her Digital Asset Anti-Money Laundering Act get support from nine colleagues as she attempts to address risks associated with cryptocurrencies. A statement shared on her official…
Three Celebrities Settle Suits Over Their Involvement With FTX
On Monday, three celebrities, namely Tom Nash, Kevin Paffrath, and Trevor Lawrence, settled charges brought against them in relation to their sponsorship deals with fallen cryptocurrency exchange FTX. Jacksonville Jaguars quarterback Trevor…
Crypto Exchange JPEX Receives Hong Kong Regulator’s License Warning
Crypto exchange JPEX responded to Hong Kong’s Securities and Futures Commission (SFC) warning for operating without obtaining a requisite license. The Wednesday, September 13 statement indicated that JPEX never submitted a bid…
Hot Crypto Topics on X – Bloomberg ETF Analyst Says Grayscale Has Advantage Over SEC in the Ongoing Case
A lot has happened in the crypto industry over the last seven days. One of the biggest news came from payment giant Visa. The company announced last Tuesday that it was continuing…
ARK Invest Decry Bearish Headwinds as Negatively Impacting Crypto Market
The conclusion of the recent study by ARK Invest shows that stronger bearish headwinds anticipated in the last quarter of 2023 are adversely affecting the crypto market. Cathie Wood’s ARK Invest report…
FASB Unanimously Votes to Amend Crypto Accounting Rules
The Financial Accounting Standards Board (FASB) on Wednesday, September 6 vote, unanimously in support of changing digital assets reporting. The new rules amend the reflection of cryptocurrencies within the business financial reporting. …
TON Foundation Secures Non-profit Registration in Switzerland
The Open Network(TON) Foundation confirmed finding a new residence in Switzerland following its spin-off from the Telegram. The entity developing and managing the TON blockchain affirmed its official unveiling as a Swiss…
Robinhood Repurchases Bankman-Fried’s 606M Stake from U.S Government
The purchase of Robinhood shares worth 55 million has been anticipated after consent from the United States district court and the firm’s board. Robinhood, a cryptocurrency and stock trading network, has publicly…
Bitwise Reconsiders Application for Bitcoin and Ether ETF Application
Bitwise was one of the asset managers seeking to introduce spot Bitcoin exchange-traded funds (ETFs) in the U.S. In a plot twist, Bitwise tendered a request to withdraw bid for the Bitcoin…