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The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets.In a Friday evening announcement, the Treasury's Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges to verify the "identity of their customers, if a counterparty
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Happy Monday. Or maybe not so happy, if you were depending on Google for your job. Here are our top stories today….Top shelfThe Amazon of DeFi?That’s what Yearn Finance is rapidly becoming as a result of acquisitions and partnerships, CryptoX’s Brady Dale suggests in a big-picture analysis this morning. If
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Crypto players were quick to respond to the news that hackers breached the U.S. Treasury Department.According to a report from Reuters, a “sophisticated hacking group” backed by a foreign government — reportedly Russia, according to three people familiar with the investigation — was able to breach the U.S. Treasury Department
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The U.S. Treasury Department issued a statement following a virtual call with other G7 members. Source
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President-elect Joe Biden may name former Commodity Futures Trading Commission Chair Gary Gensler to become Deputy Treasury Secretary, CNBC reported Wednesday.Gensler, who is currently heading up Biden’s financial oversight transition team, would report to former Federal Reserve Chair Janet Yellen, Biden’s reported nominee for the top spot at the Treasury
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Former Federal Reserve Chair Janet Yellen is set to become the next head of the U.S. Treasury Department.Yellen was seen as one of three frontrunners to get the nod, the Washington Post said, along with Federal Reserve Governor Lael Brainard and former Fed Vice Chair Roger Ferguson. Yellen ran the
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One of the (quietly) largest players in the institutional bitcoin space discusses the changing investor landscape in his first-ever podcast interview.Robby Gutmann is the co-founder of Stone Ridge Holdings Group, a $10 billion alternative asset manager and co-founder and CEO of NYDIG, the group’s bitcoin subsidiary.In this first-ever podcast conversation, Gutmann discusses: Source
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At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to 600,000 BTC — about 2.85% of all Bitcoins and worth approximately $6.9 billion.The list includes MicroStrategy at the top,
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Blockchain analytics firm TRM Labs has appointed former U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) heavyweight Ari Redbord to help build the firm’s risk-based anti-money laundering (AML) programs for cryptocurrency and digital assets.Redbord joins TRM Labs as the company’s head of legal and government affairs. At Treasury, he served
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Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets. NLW digs into what Stone Ridge is, why it spun off New York Digital Investments
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