The cryptocurrency exchange FTX collapse called the commissioner of the Commodity Futures Trading Commission (CFTC) to stop allowing crypto exchanges to “self-certify” and list tokens in an unregulated way. CFTC commissioner Christy Goldsmith Romero stated that; I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,
According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring
In an effort to preserve liquidity, venture capital company Digital Currency Group (DCG) has informed its shareholders that it would not be paying out its quarterly dividends until further notice. In a letter to shareholders dated January 17th. The company stated its intention on “strengthening our balance sheet by reducing
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
Financial Services Agency (FSA) of Japan Deputy Director-General Mamoru Yanase has called for more worldwide controls on the cryptocurrency sector. According to him, cryptocurrency exchanges need to be regulated like traditional financial institutions. Moreover, Yanase argues that authorities may avoid another crypto platform collapse by treating them like banks. The
The Securities and Exchange Commission in the United States has kept a keen eye on the cryptocurrency market. The regulatory authorities are ensuring no errors are unseen. And now it seems to have leaked the personal details of numerous crypto miners associated with the blockchain startup Green. Furthermore, the government
NEW YORK–(BUSINESS WIRE)–#Blockchain—DeFiYield.app has released their full 2022 Crypto Scam Report. This special yearly report covers the largest cryptocurrency hacks and scams of the year. We keep you safe and informed. According to DeFiYield’s REKT database, the world’s largest crypto scam database, $48.9b was lost, over 500% increase from 2021.
Due to technological difficulties, the European Union has to postpone the implementation of its major new law, the Markets in Crypto Assets Regulation (MiCA). But the final vote won’t happen until April at the earliest. Problems in translating the roughly 400-page document into the 24 official languages of the union.
3AC (Three Arrows Capital Ltd.), a hedge fund established in 2012, and CoinFLEX, a crypto Futures, and Lending exchange shook hands. The founders of these two conglomerates share one common goal: to launch a trading exchange. Su Zhu and Kyle Davies, the founders of the 3AC collide their path with
Accenture’s senior managing director, David Treat, highlighted why users should be able to move their data and crypto from one location to another at the World Economic Forum in Davos, Switzerland. According to Treat, portability is the future of self-custody in crypto, and one should give the option to transfer
