LedgerX highlights CFTC regulatory gap in customer asset rules
The new CFTC proposal enhances rules for FCMs and DCOs, mandating high liquidity in customer fund investments. Go to Source
Month: November 2023
Fraud trial of Mango Markets exploiter behind alleged $116M theft pushed to April
Attorneys representing the alleged fraudster, Avraham Eisenberg, convinced the judge that more time was needed to sift through discovery materials submitted by U.S. prosecutors. Go to Source
Bug in Fed’s payment system prevents bank customers from getting paid
Banks stressed customer accounts “remain secure” and balances will be updated as soon as the issue is resolved. Go to Source
Why Governments Dislike Decentralized Monetary Systems Like Cryptocurrency
Governments often oppose the concept of decentralized monetary systems, like Bitcoin and other cryptocurrencies, even though gambling is allowed in many places. The main reason for this is that decentralized monetary systems put the government’s authority over the financial industry and money flow in jeopardy. Government Regulation Of The Banking Industry Governments accomplish a variety … Read more
OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch
This is the second layoff by the pioneering NFT marketplace after the crypto winter and a stubborn bear market for collectibles. Go to Source
FTX advisers sharing customers’ data with FBI: Report
FTX advisers have complied with subpoenas from multiple FBI field offices in recent months, providing law enforcement with records of some customers’ trades. Go to Source
Multichain inside job? And SOL surges 80% in a month: Finance Redefined
The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a discount, allowing them to make more than $1.5 million in profits. Go to Source
English school turned BTC miner in China expands capacity with 220 new units
BTC Digital used to be a chain of English schools based in Shenzhen. Now it has mining farms in Pennsylvania and Tennessee. Go to Source
Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts
Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items. Go to Source
Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin price is losing its upward momentum, but data suggests traders are gearing up to buy any significant dips. Go to Source
