FTX Reportedly Used Random Number to Generate Insurance Fund Volume
The insurance fund balance at FTX was reportedly determined by an arbitrary formula that took into account a specific number and daily trading volume.
Bank of France: CBDCs Will Be Game Changers in Global Financial System
According to Denis Beau, the deputy head of the French Central Bank, CBDCs will likely play a major role in the financial system, especially for cross-border capital movements.
US Accuses Chinese Companies of Using Crypto to Sell Drugs
The US Department of Justice has initiated criminal investigations against eight Chinese companies and fourteen employees engaged in drug trafficking using digital currencies.
Former BlackRock Exec: SEC Will Approve All Spot Bitcoin ETFs at Same Time
According to Martin Bednall, former managing director at BlackRock and current CEO of Jacobi Asset Management, the Securities and Exchange Commission will likely approve all spot bitcoin exchange-traded fund applications at the same time.
El Salvador Launches Own Bitcoin Mining Pool
A new Bitcoin mining venture called Volcano Energy has been launched by the government of El Salvador in partnership with Luxor Technology.
Hong Kong Establishes a Crypto Task Force
A team focused on dealing with unlawful transactions in the crypto market has been formed by the Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC).
JPEX Unveils Plan to Become a DAO
Struggling cryptocurrency exchange JPEX has pushed forward with a plan to transition into a decentralized autonomous organization (DAO).
Ledger Enters into Collaboration with Sotheby’s
Leading manufacturer of crypto hardware wallets Ledger has entered into an “exclusive” collaboration with the well-established auction house Sotheby’s.
StarkWare Delays StarkNet Tokens Unlocking to April 2024
StarkWare developers have postponed the first release of the StarkNet L2 token (STRK) by over five months, according to transaction data from one of the project’s smart contracts.
Court Rejects SEC’s Motion in Ripple Case
District Judge Analisa Torres denied the Securities and Exchange Commission’s attempt to obtain an interlocutory appeal in the ongoing legal battle with Ripple.
IMF Wants to Create Framework to Assess Crypto-related Risks
A recently released paper by the International Monetary Fund (IMF) suggests a comprehensive framework for understanding and monitoring systemic risks associated with crypto assets.
Chainalysis Fires 15% of its Employees
According to reports, Chainalysis, a company that provides analytics services for cryptocurrencies, is downsizing its workforce by about 15%, which equates to approximately 150 employees.
Sam Bankman-Fried’s Lawyers Want to Block Testimonies from Ukraine
Lawyers for Sam Bankman-Fried are attempting to prevent a Ukrainian customer from testifying in the founder’s trial for a failed cryptocurrency exchange.
