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Rising bitcoin prices mean a stronger balance sheet, higher stock prices and easier debt repayment, without the company needing to sell its holdings, the report said. Source
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Additionally, Sotheby’s is hosting a New York-based auction the following week called “Natively Digital: Glitch-ism,” featuring "glitch art," which are digital works inspired by the early days of the internet. The auction, which will take place from March 24 to March 31, will include works from digital artists XCopy, Luis
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Transform Ventures has co-invested in a new holding company in what it states is an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments via two new funds.ATH was created by merging select assets from Transform Ventures and Alpha Sigma
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Casper, which provides enterprise-grade blockchain services, also recently announced a tie-up with Google Cloud. Source
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The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of England (BOE) executive director of the Prudential Policy Directorate Vicky Saporta said in a speech at the bank Feb. 27. The rules will be developed with consideration for Basel
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New standards for PRA-regulated firms will be coherent with rules for other sectors, according to a footnote accompanying the text of the speech. The Basel Committee on Banking Supervision, the banking industry's global regulator, published a standard on how banks should treat crypto exposure in December. Source
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News of the talks comes a week after Paxos said it received a Wells Notice from the regulator. Source
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Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection.According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing in United States Bankruptcy Court for the District of Delaware.
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The founder of CityDAO weighs solutions to decentralized autonomous organizations’ coordination and regulatory problems. Original Source
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Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital
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