FTX bankruptcy judge approves sale of LedgerX
The judge said he read all the papers and declarations related to the FTX debtors’ motion for the sale of LedgerX and was “satisfied” with the proceedings. Go to Source Powered by WPeMatico
Regulation
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North Carolina House passes bill banning CBDC payments to the state
The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot. Go to Source Powered by WPeMatico
How are Bitcoin options traders positioning for the US banking crisis?
The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections. Go to Source Powered by WPeMatico
Robinhood returns to court to defend position in case brought by US state regulator
The Massachusetts Securities Division filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards. Go to Source Powered by WPeMatico
US lawmakers introduce bipartisan bill proposing ban on members investing in ‘financial instruments’
Representatives Alexandria Ocasio-Cortez and Matt Gaetz — lawmakers diametrically opposed on a variety of issues — joined forces to stop congressional members from trading stocks. Go to Source Powered by WPeMatico
British MP Lisa Cameron is ‘not invested personally’ in crypto but advocates for regulation
“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said the MP. Go to Source Powered by WPeMatico
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of … Read more
Poloniex will pay $7.6M settlement to US authorities for ‘apparent violations’ of sanctions
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan, and Syria to conduct digital asset trades, deposits, and withdrawals between January 2014 and November 2019. Go to Source Powered by WPeMatico
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms. Go to Source Powered by WPeMatico
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions … Read more
