The Basel Committee on Banking Supervision is considering requiring banks to disclose their crypto asset holdings in light of the banking crisis earlier this year. The committee, which operates under the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March. At its […]
Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block. Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading […]
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has been granted major regulatory approval in the United Kingdom. The company has been given the green light by the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist […]
Two co-founders of the defunct Singaporean hedge fund Three Arrows Capital (3AC) have been arrested and sentenced to four months in prison for failing to comply with a court order. 3AC, which managed more than $10 billion in digital assets prior to its collapse last June, has left creditors with over $3.5 billion in claims. […]
The Ethereum network has seen a rise in staking since major network upgrades, Merge and Shanghai, but this has come at the cost of higher centralization and lower staking yields, according to a new report by JPMorgan. The top five liquid staking providers — including Lido, Coinbase, Figment, Binance and Kraken — control more than […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
The now-bankrupt FTX exchange, its sister company Alameda, and venture capital firm Andreessen Horowitz (a16z) have reclaimed over 11.5 million SOL tokens worth about $255 million amid the bankruptcy proceedings. The crypto assets held by FTX totaled $3.4 billion, with SOL holdings topping the pile at $1.16 billion. Galaxy Finance is managing the crypto holdings, […]
Elon Musk, the billionaire entrepreneur, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena for his testimony related to his acquisition of Twitter/X shares. The SEC has accused Musk of not appearing for a testimony scheduled for September 15, which had been served to him […]
Binance, one of the world’s largest cryptocurrency exchanges, has seen its market share drop for the seventh consecutive month in September 2023. According to data from cryptocurrency data provider CCData, Binance’s spot market share fell from 38.5% in August to 34.3% in September, and its derivatives market share tumbled from 53.5% to 51.5%.Research analyst Jacob […]
Gary Wang, former CTO of FTX, testified in court on the third day of SBF’s trial. He pleaded guilty and admitted to committing crimes at FTX with Nishad Singh, Caroline Ellison and Sam Bankman-Fried. Wang revealed that FTX made money through trading fees and that the sister platform Alameda Research was created to make it […]
