Cryptocurrency Analysis and News Portal
The rule will allow the Financial Conduct Authority (FCA) to regulate crypto companies under the existing promotions law, and should help safeguard consumers from misleading crypto promotions, the Treasury, the government's finance arm, tweeted in March. Source
Read More
The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.In an April 10 filing with United States Bankruptcy Court for the Southern District of Texas, Core Scientific said it was addressing “a gap in the Debtors’ management team” prior to
Read More
Regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators have been staunchly opposed to the proposed deal. Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the
Read More
Despite his agreement to forming the committee, the judge said he will "reserve the benefit" of "hindsight." If he decides that the interests of the equity holders weren't advanced by the committee, or it was done at the expense of other creditors, he might use "a number of tools," including
Read More
Meanwhile, existing crypto service firms can continue operating as usual. French lawmakers have voted in favor of stricter crypto regulations in the country. The bill, as proposed by Senator Hervé Maurey, sought to restrict crypto companies in France from operating without a full license. In January, the Bank of France Governor,
Read More
However, the court has objected to the BlockFi request noting that every penny used to pay employees denies the creditors their right to be reimbursed.Distressed cryptocurrency lender BlockFi has filed with the bankruptcy court in the District of New Jersey wanting to get bonuses approval for retaining experienced employees. According
Read More
Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.In a Jan. 23 declaration for United State Bankruptcy Court in the District of New Jersey, Crowell said without giving certain financial incentives, BlockFi might
Read More
A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.In a Jan. 9 letter to Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware, Senators John Hickenlooper, Thom Tillis,
Read More
Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin.The MakerDAO community voted to approve this custodianship which will
Read More
“I greatly admire the approach that was taken by the AMF” in setting up the system and ensuring protections for young investors seeking to get into crypto, said Barbat-Layani, who was Director-General of the French Banking Federation from 2014 to 2019. “It was a form of bet, not necessarily welcomed
Read More