International Securities Watchdog Lays Out Crypto Regulation Strategy

The International Organization of Securities Commissions (IOSCO) has introduced a global strategy in an attempt to regulate crypto assets, reported Reuters. The post International Securities Watchdog Lays Out Crypto Regulation Strategy appeared first on BeInCrypto.

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Genesis fails to raise funds as FTX contagion weighs on DCG-owned company

Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported  November 21. The post Genesis fails to raise funds as FTX contagion weighs on DCG-owned company appeared first on CryptoSlate.

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The collapse of FTX: how this could even happen and what’s the lesson to learn?

Crypto had been having a tumultuous season, still, to see household name FTX fall, came as a surprise to many. The much-discussed cryptocurrency platform was launched in 2019. By 2021, they reported revenues of $1.02 billion, figure evidence of their…

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Genesis sought $1B emergency loan but never got it

Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal reported November 17.

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Temasek Prepares to Write Off Up to $300M Invested in FTX: Bloomberg

Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million which it invested in bankrupt crypto exchange FTX, Bloomberg reported Wednesday.

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Ripple Reported to Settle with SEC, FTX CEO Posts Mysterious Tweets, Over Trillion SHIB Moved to Coinbase: Crypto News Digest by U.Today

Keep an eye on the crypto industry’s happenings with U.Today’s news digest!

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Bitcoin miner TeraWulf raises $17M in Q3, but here's the catch

Riot Blockchain reported revenue of $46.3 million for Q3 2022 Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies Bitcoin mining company TeraWThe post Bitcoin miner TeraWulf raises $17M in Q3, but here's the catch appeared first on AMBCrypto.

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Is CRO token about to tank as massive withdrawals are reported?

Crypto exchanges are again coming under pressure. After the collapse of FTX, the question has always been, who is next? It is, of course, a difficult question to answer, but concerns will continue to mount as cryptocurrencies winter ravages.

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Visa Ends Its Debit Card Pact With FTX

The original partnership to release crypto debit cards in 40 countries was reported on in October.

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Singapore’s MAS says FTX does not operate in the country

The Monetary Authority of Singapore (MAS) stated that the bankrupt crypto exchange FTX does not operate in the country, Wu Blockchain reported on November 14. The post Singapore’s MAS says FTX does not operate in the country appeared first on CryptoSlate.

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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp

A Solana-based crypto asset tied to the price of bitcoin collapsed in value Friday after CoinDesk reported that FTX US – the only venue left to exchange it for real bitcoin – had frozen withdrawals.

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Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis

Genesis reported earlier that its derivatives business currently has about $175 million in locked funds in its FTX trading account.

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Bitcoin Cash (BCH) and Polkadot (DOT) deficits noted in Binance 

Binance, the largest crypto exchange network, published its Proof-of-Reserve (PoR), and some users reported deficits in Bitcoin Cash (BCH) and Polkadot reserves.

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Should you invest in The Mars Metaverse Project (MRST) after OKX launch?

Mars Token (MRST), is the native token of The Mars Metaverse Project. As Invezz reported, the coin is set to be listed on the OKX exchange. The timing of the new listing is unfortunate as FTX’s blowup sent shockwaves across the crypto industry while at the same time US stocks are trading heavily in the […] The post Should you invest in The Mars Metaverse Project (MRST) after OKX launch? appeared first on Invezz.

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FTX Faces US Justice Department Probe: WSJ

The U.S. Department of Justice is looking into crypto exchange FTX after its apparent collapse, the Wall Street Journal reported Wednesday.

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Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down

The firms also reported a net loss of $68.1 million for the third quarter.

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British Bank Santander To Block Transfers To Crypto Exchanges In 2013

As part of measures to protect consumers from fraudulent activities, Santander will restrict UK customers from transferring real-time payments to cryptocurrency exchanges beginning in 2023, Reuters reported, citing the bank’s Friday email statement.

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Bankman-Fried says ‘FTX is fine’ even as FTT price falls

FTX token (FTT/USD) price is falling again, down nearly 4% at the time of writing on Monday morning, as selling pressure remained amid “rumours” about the crypto exchange FTX. Reported delays in customer withdrawals did not help the jitters, as has done Binance’s announcement that it would liquidate all of its FTT.

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Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report

Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday.

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Crypto Exchange Deribit’s Hackers Are Moving Stolen Funds

On Nov. 1, late in the evening (UTC), the crypto derivatives platform Deribit was compromised for $28 million. At 07:00 (UTC) the following day, the firm reported the incident via its official Twitter account several hours later. The Crypto Exchange…

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Litecoin Price Soars After DOGE Marks Historic Growth

Santiment reported that Litecoin is temporarily decoupled from the crypto pack. Furthermore, whale addresses with over 1,000 LTC increased rapidly from the middle of June. The LTC/BTC pair gained over 51% since June 12.

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Crypto Lending Dropped 80% In Q3, Genesis Trading Report Reveals

Genesis Trading, a leading global crypto brokerage firm reported an 80% plunge in its lending segment, taking the third consecutive beating in Q3 following the sharp decline in the digital asset market this year.

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Wisdom Tree takes 36% loss in crypto assets in Q3

Investment management firm Wisdom Tree reported a 36% decline in its crypto holdings, which slid to $178 million at the end of the third quarter. The post Wisdom Tree takes 36% loss in crypto assets in Q3 appeared first on CryptoSlate.

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Crypto Dominates the Worst ETF Debuts: Report

Cryptocurrency exchange-traded funds (ETFs) account for five for the worst seven debuts in ETF history, according to Morningstar Direct data, the Financial Times reported on Friday.

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Hong Kong to Make Retail Crypto Trading Legal: Report

Hong Kong plans to legalize retail trading of cryptocurrency as a means of becoming a crypto hub, Bloomberg reported Thursday.

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Moldova bans crypto mining amid energy crisis

Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported October 26. The post Moldova bans crypto mining amid energy crisis appeared first on CryptoSlate.

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Turkish police confiscates $40M worth of crypto

Turkish prosecutors confiscated $40 million worth of crypto and arrested 35 people scattered in eight cities on October 20 for running an illegal crypto betting platform, as reported by local news outlets.

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JPMorgan hires former Celsius exec Aaron Iovine

JPMorgan (NYSE: JPM) has hired Aaron Iovine, a former regulatory affairs executive at bankrupt crypto lender Celsius (CEL/USD), only a few weeks after he left the embattled crypto company. Reuters reported the development, citing the new JPMorgan Chase $ Co employee’s LinkedIn profile.

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Bumper Year: Crypto Hackers Step Up With Record $3 Billion Theft This Year

Crypto hackers surpassed the level of performance they did last year that enabled them to get away with $2.1 billion worth of cryptocurrencies, setting their own “all-time high” this 2022. With still over two months left before the year ends, these cybercriminals have already carted off with $3 billion worth of cryptocurrencies, CBS News reported […]

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Crypto Custodian Copper Raises $196M in Series C Funding Round

The U.K.-based company also reported a loss of $16 million last year, up from $4.1 million in 2020.

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BNY Mellon receives New York approval for crypto custodial services

The oldest bank in the United States, Bank of New York Mellon (BNY Mellon), has received approval to add digital assets custody to its services, The Wall Street Journal reported on October 11. The post BNY Mellon receives New York approval for crypto custodial services appeared first on CryptoSlate.

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Record Number of Brazilian Companies Bought Crypto in August

According to the South American country's tax authority, 12,053 companies reported purchasing crypto in the month.

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Crypto Exchange Crypto.com’s Downsizing Larger Than Previously Reported: Ad Age

In addition to job cuts of as much as 40% of staff, the company has also been pulling back from marketing deals, according to the story.

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NFTs associated with 3AC have been moved to new address- Details inside

Blockchain analytics firm Nansen reported that more than 300 NFTs associated with the defunct crypto hedge fund Three Arrows Capital (3AC), have been moved into a new address. Starry Night Capital,The post NFTs associated with 3AC have been moved to new address- Details inside appeared first on AMBCrypto.

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Celsius founder Alex Mashinsky withdrew $10M weeks before bankruptcy – FT

Celsius Network’s founder Alex Mashinsky reportedly withdrew $10 million from the struggling crypto lender a few weeks before the firm froze its customer funds and filed for bankruptcy, the Financial Times reported on October 2.

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Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was accurate. The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics.

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Texts Reveal Sam Bankman-Fried and Elon Musk Discussed Twitter Buyout

An advisor close to crypto billionaire Sam Bankman-Fried (SBF) was in contact with Elon Musk over reported interest in acquiring Twitter. The post Texts Reveal Sam Bankman-Fried and Elon Musk Discussed Twitter Buyout appeared first on BeInCrypto.

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Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law […] The post Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’ appeared first on CryptoSlate.

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The Bank of England Says It’s Difficult To Implement Blockchain Technology Across All Markets

According to Bank of England Deputy Governor Jon Cunliffe, as reported by Reuters, using the blockchain technology that underpins crypto assets to provide rapid trading and settlement across all financial markets is not desired given the difficulties it would provide.…

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Crypto VC Pantera Capital Looks to Raise $1.25B for Second Blockchain Fund: Report

Crypto venture capital investor Pantera Capital is looking to raise $1.25 billion for its second blockchain fund, Bloomberg reported Wednesday.

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Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report

Jihan Wu, crypto billionaire and founder of bitcoin miner maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, Bloomberg reported Tuesday.

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Crypto Market Maker Wintermute Suffered A $160M Exploit — What Happened?

On Tuesday, cryptocurrency market marker Wintermute reported losing $160 million in an exploit, becoming the latest victim in a series of high-level hacks that have beleaguered the De-Fi industry year to date.

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Coinsquare acquires publicly traded crypto exchange CoinSmart

CoinSmart reported $16.7 million in gross revenue in 2021 as retail trading volumes soared during the Bitcoin bull market.

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Russia’s financial regulators agrees on crypto use for international payments

Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on September 22.

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Korean tax authorities seize $185M worth of crypto from tax evaders since 2021

South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on September 22. The post Korean tax authorities seize $185M worth of crypto from tax evaders since 2021 appeared first on CryptoSlate.

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S. Korean Watchdog Says $7.2B Transfered Overseas Mainly Through Crypto Exchanges: Report

South Korea's financial watchdog found that since June there have been $7.2 billion abnormal foreign exchange transactions, most of which were transferred through cryptocurrency exchanges, Bloomberg reported on Thursday.

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Colorado enables crypto payment for taxes

Colorado residents can now pay their taxes using cryptocurrencies, Axios reported on September 20.

The post Colorado enables crypto payment for taxes appeared first on CryptoSlate.

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France Orders Jail Time for 2 Men Charged With Funding Terrorism in Syria With Crypto: Report

The amount transferred by three Islamic extremists is estimated at around 280,000 euros, one news outlet reported.

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Reuters reports major US banks pausing crypto lending plans amid challenging SEC guidelines

The US Securities and Exchange Commission (SEC) guidance on crypto custody might impede banks from the industry because of the cost of implementation, Reuters reported on September 16. The post Reuters reports major US banks pausing crypto lending plans amid challenging SEC guidelines appeared first on CryptoSlate.

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Russia Eyes Bitcoin For International Trade In 2023: Report

A Russian news agency reported multiple government officials deliberating on accepting bitcoin and some crypto currencies as payment for international trade in 2023.

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