The FDIC has noted in its annual review the potential for new and complex risks to the US banking system from crypto-related activities, citing fraud, legal ambiguities, misleading statements, and vulnerabilities in risk management.
Bitcoin’s 30-day price volatility, measured on an annualized basis, has reached a record low of 15.5%.
Kraken Ventures, the venture capital arm of crypto exchange operator Kraken, is in the process of raising its second fund in a challenging environment.
India’s Supreme Court on July 27 criticized the government for delaying the development of a regulatory framework for digital assets in the country.
The US Court of Appeals for the District of Columbia has recently overturned an SEC ruling that would have treated instruments on the SPIKES index as futures instead of as securities futures.
FTX founder Sam Bankman-Freed has had his bail revoked by a federal judge and has been placed in custody until the next hearing.
