Blockchain & Digital Assets

December 1, 2022 @ 5:59 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has taken action against Edgar Radjabli, operator of Loan Doctor, who allegedly took customer funds and placed them in risky ventures like Celsius Network – a crypto yield platform that is now bankrupt. The complaint filed by the CFPB… Read More

December 1, 2022 @ 5:40 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) reports that the US District Court for the Southern District of New York has entered a consent order for a permanent injunction, restitution, and equitable relief against Jeremy Spence of Bristol, Rhode Island, who conducted business as Coin Signals…. Read More

December 1, 2022 @ 5:25 pm By Omar Faridi  |  

Daylight, an Application Programming Interface (API) that aggregates Web3 perks all in one place, has raised $3M in a seed round “co-led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi), and Chapter One, an early stage venture… Read More

December 1, 2022 @ 5:19 pm By JD Alois  |  

According to multiple reports, Coinsquare, a top Canadian crypto exchange, was the target of a hack where customer information was taken, but no passwords or funds were stolen. Coinsquare is Canada’s first IIROC-regulated crypto marketplace. On November 19th, Coinsquare said they witnessed “unusual activity” on… Read More

December 1, 2022 @ 4:35 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has taken to Twitter to criticize Apple (NASDAQ:APPL) because it has blocked its most recent App update as Coinbase moved to evade app store fees. Coinbase said that Apple does not understand how NFTs and blockchain work, and thus Apple is in the wrong…. Read More

December 1, 2022 @ 11:23 am By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, announced it has “acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.” Through this acquisition, Binance enters “the Japanese market, as a Japan Financial Services Agency (JFSA)… Read More

December 1, 2022 @ 11:16 am By JD Alois  |  

Senator Sherrod Brown, Chairman of the Senate Banking Committee, has sent a letter to the US Department of Treasury Secretary Janet Yellen expressing his concerns following the bankruptcy filing of FTX. The crypto exchange, once one of the largest crypto exchanges in the world, filed… Read More

December 1, 2022 @ 10:08 am By Omar Faridi  |  

Gillian Lynch, Head of Ireland and EU at Gemini, notes that they are pleased to announce that Gemini has “registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services… Read More

December 1, 2022 @ 7:45 am By JD Alois  |  

The Senate Committee on Agriculture will hold a hearing today (December 1, 2022) at 10 AM ET to review the failure of FTX. This Committee holds oversight on the commodities industry and, therefore on aspects of crypto markets that are deemed to be regulated commodities…. Read More

December 1, 2022 @ 7:11 am By Omar Faridi  |  

SEBA Bank AG, which claims to be a leading crypto bank in Switzerland having a suite of fully regulated banking services, officially opened its Hong Kong office for its subsidiary, SEBA (Hong Kong) Limited (SEBA Hong Kong). SEBA Bank says that it has “a strong… Read More

November 30, 2022 @ 11:07 pm By Omar Faridi  |  

Decentralized autonomous organizations (DAOs) are gradually gaining traction in the Web3 space and beyond as many are beginning “to explore possible ways of contributing to one.” While DAOs have significant operational benefits such as organizational transparency, decentralization, and ability “to utilize a wide variety of… Read More

November 30, 2022 @ 4:47 pm By JD Alois  |  

The Financial Action Task Force (FATF) has published a report on money laundering from fentanyl and synthetic opioids. The report was co-led by the US and Canada and offers recommendations for countering the illicit drug trade. FATF is a global organization that aims to encourage… Read More

November 30, 2022 @ 3:36 pm By JD Alois  |  

Kraken, the third largest crypto exchange according to Coinmarketcap, has decided to reduce its workforce by 1100 employees representing approximately 30% of its headcount. The reduction in employees was revealed in a blog post today by Kraken CEO and co-founder Jesse Powell. Powell said the… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 30, 2022 @ 10:36 am By JD Alois  |  

The European Central Bank (ECB) has published a blog post that predicts the demise of Bitcoin – the world’s most popular cryptocurrency. Authored by Ulrich Bindseil and Jürgen Schaaf, entitled “Bitcoin’s Last Stand,” the article claims that Bitcoin is in its “last gasp before the… Read More

November 29, 2022 @ 10:40 pm By Omar Faridi  |  

ChainUp Group, a global blockchain technology solutions provider, announced the launch of the IPFS Infrastructure Flagship Fund I (the Fund) by its subsidiary Bedrock Trust Pte Ltd, a Singapore-based and licensed asset and wealth management firm. Bedrock Trust will “be the manager of the Fund,… Read More

November 29, 2022 @ 7:12 pm By JD Alois  |  

LBRY, a digital asset firm that was the target of a Securities and Exchange Commission (SEC) enforcement action, has taken to Twitter to predict its own demise stating it will “probably be dead in the near future.” Since any information given privately to the SEC… Read More

November 29, 2022 @ 6:35 pm By JD Alois  |  

Prime Trust has made a change at the top as Tom Pageler is out as Chief Executive Officer, according to a representative from the company. Prime Trust issued the following statement: Today, the Prime Trust Board of Directors announced a leadership transition to better align… Read More

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

November 29, 2022 @ 11:22 am By JD Alois  |  

Crypto exchange Kraken has settled with the US Department of Treasury, which had alleged sanction violations. Falling under the Office of Foreign Assets Control (OFAC), Kraken has agreed to pay $362,158.70 to settle a possible civil liability for claimed violations of the Iranian Transactions and… Read More