Regulation
FTX’s Failure Is Sparking a Massive Regulatory Response
Lawmakers, regulators and criminal investigators are looking into FTX’s collapse, and Sam Bankman-Fried’s tweets aren’t helping. Source link
Regulation
Regulation
Yuga Labs Acquires Beeple’s NFT Collection 10KTF and Web3 Company, WENEW
“Figge, Beeple, and the WENEW team have found a way to create a captivating serialized story for Web3, while also managing to tap into the passion people have for their digital avatars and customization,” said […]
Regulation
Crypto Fund Inflows Surged Last Week as Investors Bought FTX-Induced Dip
The largest inflows in 14 weeks, at $42 million, coincided with the crypto market’s sharp downturn, triggered by the swift collapse of once-billionaire Sam Bankman-Fried’s business empire. Source link
Regulation
Nike Sprints Into Web3 With New .SWOOSH Platform
“We are shaping a marketplace of the future with an accessible platform for the Web3-curious. In this new space, the .SWOOSH community and Nike can create, share, and benefit together,” Ron Faris, GM of Nike […]
Regulation
Crypto Exchange PowerTrade to Offer Custody Services to Institutional Clients
“Copper’s ClearLoop brings institutional-grade clearing and settlement to PowerTrade in line with TradFi standards,” said Mario Gomez Lozada, founder and CEO of PowerTrade. “Under this model PowerTrade does not custody our client’s assets, which will […]
Regulation
FTX Collapse Exposed ‘Weaknesses’ in Crypto, Janet Yellen Says: Report
“It shows the weaknesses of this entire sector,” Yellen said referring to the collapse of Sam Bankman-Fried’s multibillion dollar enterprise – the same one that was, just months ago, looking to rescue other embattled crypto […]
Regulation
There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says
The Monetary Authority of Singapore said it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades. Source link
Regulation
Morgan Stanley Says There Is Still Much Leverage in the Crypto Ecosystem
With bitcoin (BTC) now trading under $18,000, there isn’t a clear technical support level before $12,500, the bank said. It estimates that anyone that bought or received BTC in the past 12-18 months has an […]
Regulation
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
“The bitcoin mining market deteriorated during the third quarter, as the bitcoin price fluctuated and further dipped to around sixteen thousand dollars recently,” CEO Nangeng Zhang said in the statement. “The negative market dynamics have […]
Regulation
Bitcoin Miners’ Balance Slides as FTX Collapse Weighs on Crypto
“Bitcoin mining companies have struggled this year, with the fall in the price of the largest cryptocurrency and rising energy prices (and operating costs) leading to a decline in revenue. As a result of this, […]