Regulation
Blockchain Entrepreneur Arrested in California on Fraud Charges
Rikesh Thapa is accused of bilking his start-up firm of over $1 million in U.S. currency, cryptocurrency and utility tokens. Source link
Month: December 2022
Ethereum
Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project
The proposal period will be open until January 31, 2023 for financial institutions and technology solution providers. Source link
Bitcoin
US Sen. Cynthia Lummis: Ether Is Now a Security; My Bill Might Have Stopped FTX
Sen. Cynthia Lummis (R-Wyo.) discusses why the fall of FTX could have been prevented had proper regulation been in place and why she considers Ethereum a security. Source link
Market Analysis
Gate.io Launches Recovery Fund – Is It for Industry or Credibility?
Cryptocurrency exchange Gate.io announced the launch of an industry recovery fund following similar efforts by other exchanges. Gate.io said its $100 million liquidity support fund would be available to all industry participants. In addition to […]
Regulation
US Sen. Cynthia Lummis: Ether Is Now a Security; My Bill Might Have Stopped FTX
Sen. Cynthia Lummis (R-Wyo.) discusses why the fall of FTX could have been prevented had proper regulation been in place and why she considers Ethereum a security. Source link
Ethereum
Gensler Says US SEC Is Fine Going After Crypto With Its Current Authorities
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), isn’t waiting for new powers from Congress in order to enforce securities laws against crypto companies, though he said Wednesday that it would […]
Bitcoin
South Korea’s Central Bank Wants to Oversee Stablecoins: Report
The country joins other jurisdictions in proposing standards for stablecoin issuance. Source link
Market Analysis
Cryptos Flat as Recession Fears Outweigh Better U.S. Productivity
Bitcoin remained reasonably steady at around the $16,850 mark as U.S. nonfarm productivity rose 0.6% for Q4 2022. The slight quarter-on-quarter increase in productivity means that employers can raise wages without worrying about their contribution […]
Regulation
Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time
Here’s the thing: It seems impossible that FTX could have afforded those investments, along with its other vast expenditures, simply from three years of exchange revenue and its own venture capital inflows of $1.8 billion. […]
Ethereum
Brazilian Companies Transacting With Digital Assets Increased Again in October
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