December 14, 2022 @ 8:30 am By JD Alois  |  

In a blog post, Tether announced its intent to reduce secured loans to zero during 2023. Along with the announcement, Tether stated that its current secured loans are overcollateralized and covered by extremely liquid assets. The statement follows a claim published on WSJ.com that said… Read More

December 13, 2022 @ 4:44 pm By JD Alois  |  

This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history. As the details emerge,… Read More

December 13, 2022 @ 1:01 pm By JD Alois  |  

Versana has launched a syndicated loan platform, connecting banks, institutional lenders, and service providers to the $5 trillion market. Founding investors in Versana include, JP Morgan, Bank of America, Citi, and Credit Suisse. Versana was originally created to address intrinsic inefficiencies in the US leveraged… Read More

December 13, 2022 @ 12:13 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Southern District of New York against Sam Bankman-Fried, FTX, and Alameda Research. The CFTC complaint charges the defendants with fraud and material misrepresentations in connection with the sale… Read More

December 13, 2022 @ 11:44 am By JD Alois  |  

The US Attorney’s Office, Southern District New York, has unsealed the criminal charges filed against Sam Bankman-Fried and his firms including FTX. The criminal charges were revealed yesterday when the Bahamas announced it expected to extradite Bankman-Fried following a formal request. The indictment states that… Read More

December 13, 2022 @ 11:20 am By JD Alois  |  

Nansen, a crypto and blockchain data provider, has sent over a graph of crypto outflows taking place on Binance. The visual charts activity from September 14, 2022 to December 13, 2022. According to Nansen, from the last 6 months to the last 24hrs, Binance’s withdrawals… Read More

December 13, 2022 @ 10:23 am By JD Alois  |  

Wise (LSE:WISE), a global Fintech enabling the movement of money and aspiring neobank, says it will boost its presence in the US to meet the increasing demand of its services. Based in London, Wise states that it plans to increase its headcount by 250 in… Read More

December 13, 2022 @ 9:35 am By JD Alois  |  

The rising concern of more enforcement actions targeting crypto exchanges is taking a toll on the world’s largest centralized operation Binance, according to a report by Reuters.  Citing data provided by Nansen, it is being claimed that Binance has experienced $1.9 billion in withdrawals in… Read More

December 13, 2022 @ 9:13 am By JD Alois  |  

This is an interesting list. NordVPN has put together a roster of the biggest crypto hacks of 2022.  Security breaches, digital asset thefts, and crypto scams have become so prevalent they have become wallpaper. They happen all of the time, highlighting profound shortcomings in cyber-security… Read More

December 13, 2022 @ 8:56 am By JD Alois  |  

Sheila Warren, CEO of the Crypto Council for Innovation, has issued a  statement on the arrest of Sam Bankman-Fried, founder of FTX. The statement was issued prior to the announcement of civil charges being filed by both the Securities and Exchange Commission and Commodities Futures… Read More

December 13, 2022 @ 7:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Sam Bankman-Fried, founder and former CEO of FTX. The crypto exchange filed bankruptcy last month as allegations of malfeasance surfaced. In a simultaneous action, the Commodities Futures Trading Commission (CFTC) announced charges as well…. Read More

December 12, 2022 @ 11:10 pm By JD Alois  |  

Representative Maxine Waters, Chair of the House Financial Services Committee, has issued a statement following Sam Bankman-Fried’s arrest in the Bahamas. As was reported earlier, Bankman-Fried was taken into custody by Bahamian authorities following the revelation of an indictment by the US Department of Justice…. Read More

December 12, 2022 @ 7:54 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, has been placed under arrest in the Bahamas. Bankman-Fried has lived in the Bahamas since FTX became a regulated entity under Bahamanian law. FTX filed for bankruptcy protection last month under US law. Bankman-Fried was arrested… Read More

December 12, 2022 @ 6:26 pm By JD Alois  |  

Earlier today, the European Banking Authority (EBA) posted an update on certain standards that impact open banking services. One change involves authentication for individual users. CI received a comment from Jan van Vonno, Head of Industry Strategy at Tink – a leading open banking platform…. Read More

December 12, 2022 @ 5:59 pm By JD Alois  |  

WealthKernel has partnered with tendy, an educational investment platform for UK teens, according to a company statement. tendy will leverage WealthKernal’s trading and custody services that provide investing in stocks and ETFs. By using tendy, parents can get their children to start investing at a… Read More

December 12, 2022 @ 4:06 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) says they are “strengthening their approach” to crypto exchanges providing services in Canada following recent events. The CSA is alluding to the bankruptcy of FTX and all of the other failures and crypto firms that have been impacted by the… Read More

December 12, 2022 @ 3:32 pm By JD Alois  |  

Tomorrow’s hearing at the House Financial Services Committee is widely anticipated across the crypto industry. Both current FTX CEO, John J. Ray, III, and former FTX CEO Sam Bankman-Fried, are scheduled to testify on the collapse of FTX. In advance of the hearing, Ray has… Read More

December 12, 2022 @ 12:42 pm By JD Alois  |  

Enerfip, a France-based investment crowdfunding platform operating in the renewable energy sector, has gained approval to operate under ECSPR – European Crowdfunding Service Provider Regulation. Enerfip will now be able to raise capital online across all European Union member states. Issuers may raise up to… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 12, 2022 @ 10:25 am By JD Alois  |  

The Bank of England has posted a request for applicants for a contracted service to create a proof of concept digital wallet for a Central Bank Digital Currency (CBDC). The Bank has been investigating the potential for a digital pound, similar to many other central… Read More