Binance Enters Japanese Market, Acquires JFSA Registered Sakura Exchange BitCoin by Omar Faridi

Senator Sherrod Brown, Chair of Banking Committee, Sends Letter to Treasury Secretary Yellen Addressing FTX Debacle

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

Gemini Obtains Regulatory Approvals to Operate in Italy, Greece

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

Today: Senate Hearing on FTX Bankruptcy – “Why Congress Needs to Act”

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

SEBA Hong Kong Opens HK Office to Establish APAC Presence

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

ShapeShift Enters Convertible Bond Market with HourGlass, Arbor Finance

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

FATF Publishes Report on Fentanyl Trade and Money Laundering, Crypto is Part of the Equation

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

Kraken to Slash Employee Count by 1100 Individuals

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

Bitfinex CTO Paolo Ardoino Comments on Binance Recovery Fund

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

ECB: The End is Nigh for Bitcoin, “Rarely Used for Legal Transactions”

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

ChainUp’s Subsidiary Bedrock Trust Introduces Decentralized Data Storage Fund

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

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