Day: 16 February 2023

TL;DR:  The UK government has published a set of proposals for the regulation of the crypto sector for public consultation. The proposals cover the authorization of crypto firms and the types of requirements to be imposed on them.  Importantly, it sets out the activities that, in addition to stablecoins, will ...

Thred, a brand-new blockchain commerce startup that helps people discover digital assets they should own, today announced the wide release of its user-centered search and discovery platform for NFTs. According to a report, Thred is a reputable third-party platform that serves as a crucial connection hub between digital asset creators, ...

The Financial Stability Board (FSB), a financial regulator supported by the Bank for International Settlements (BIS), is advocating for worldwide regulations for decentralized finance (DeFi) and has published a report on the risks it poses to financial stability.  The report identifies key weaknesses while acknowledging that DeFi's functions do not ...

The Cardano Foundation has elected Andreas Pletscher as its new Chief Operating Officer (COO) and Nicolas Jacquemart as its new Chief Legal Officer (CLO). Andreas shared the news on his LinkedIn account today. Frederik Gregaard, the CEO of the Cardano Foundation, was excited to welcome the duo onboard. According to ...

In a letter to Judge Kaplan of the United States District Court for the Southern District of New York, U.S. Attorney Damian Williams and his prosecution team yesterday requested that Sam Bankman- Fried (SBF) be subject to further restrictions. His behaviour was found to be inappropriate and a cause for ...

2023 has been touted by many as the year that will birth an increase in regulations and laws guiding the crypto industry, and judging from the developments and precedents set in January; this prediction appears spot-on. Following the infamous FTX crash in the fourth quarter of 2022, which resulted in ...

Binance, the world’s largest cryptocurrency exchange, is getting ready to pay fines and penalties to resolve pending regulatory and law enforcement probes into its operations in the United States.  Patrick Hillmann, Binance's Chief Strategy Officer, stated that the company has been cooperating with regulators to address initial compliance difficulties. He ...

Wyoming legislators have approved a proposal that forbids the state's courts from ordering residents to reveal the private keys to digital assets. This regulation will take effect from July 1 if the state's governor, Mark Gordon, signs the proposal into law. The proposed law covers private keys relating to digital ...

Avraham Eisenberg, the purported exploiter of the Mango Markets decentralized finance system, is fighting to keep his share of the cryptocurrency earned through his self-described highly successful trading method. On February 15, Eisenberg's legal representatives filed a motion in a New York District Court, opposing a lawsuit filed by Mango ...