US lawmakers question federal regulators on banks’ ties to crypto firms“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.Dec 8, 2022Turner Wright
Waves-backed stablecoin USDN drops further after regulator warning and exchange delistingWAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.Dec 8, 2022Kyle White
Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.Dec 8, 2022Zhiyuan Sun
Nomad releases bridge relaunch guide after patching contract vulnerabilityThe Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds.Dec 8, 2022Ana Paula Pereira
Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPIBTC price action targets $17,000 amid gently increasing volatility, with a week to go until U.S. inflation data.Dec 8, 2022William Suberg
How do crypto hardware wallet firms make money? All the companies that are involved in producing hardware crypto wallets have multiple revenue streams, either directly or indirectly.Dec 8, 2022Helen Partz
Many Koinly staff point to poor communication, CEO in global layoffsUncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.Dec 8, 2022Turner Wright
Newlyweds lose funds in FTX exchange a day after their wedding“We could not sleep properly for a few days,” said Jaime Zulueta, as he told Cointelegraph the story of how he and his wife dealt with losing their funds at FTX.Dec 8, 2022Ezra Reguerra
Inside South Korea’s wild plan to dominate the metaverseSouth Koreans are obsessed with technology. More than half the population plays video games, and crypto adoption is high — both of which are very promising signs that its plan to dominate the Metaverse will succeed.Dec 8, 2022Andrew Fenton
Binance CEO, Coinbase exec feature in Masterclass crypto crash-courseIndustry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.Dec 8, 2022Gareth Jenkinson
Wemix delisting saga continues at South Korean courtMicrosoft-backed video game developer Wemade plans to further continue the legal battle against South Korea’s largest crypto exchanges.Dec 8, 2022Helen Partz
Cryptocurrency market is ‘most mature’ in these 2 countries, new Huobi report revealsThe United States and Vietnam score the best on “crypto maturity” in 2022, a new report determines.Dec 8, 2022William Suberg
Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.Dec 8, 2022Helen Partz
More than 90% of consumers are curious about the Metaverse: CapgeminiThe volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike.Dec 8, 2022Savannah Fortis
NFTs minted on FTX break, highlighting Web2 hosting flawsNFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art.Dec 8, 2022Ezra Reguerra
Hong Kong to subject crypto exchanges to the same laws governing TradFi The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.Dec 8, 2022Prashant Jha
Stablecoin framework is a near-term priority for Aussie regulatorsAs stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.Dec 8, 2022David Attlee
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premiumBad times for the Grayscale Bitcoin Trust get even worse this week as its discount to BTC/USD approaches 50% for the first time.Dec 8, 2022William Suberg
FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes inAs part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra.Dec 8, 2022Brayden Lindrea
Spain’s central bank to experiment with wholesale CBDCsThe Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”Dec 8, 2022Ciaran Lyons
US regulator to seek feedback on DeFi’s impact on financial crimeA “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.Dec 8, 2022Jesse Coghlan
Australian CBDC receives unexpected interest but could hurt banks: RBAThe pilot eAUD program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.Dec 8, 2022Luke Huigsloot
Telegram to allow no-sim accounts via anon-blockchain-numbersTelegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.Dec 8, 2022Brian Quarmby
Crypto lender Genesis has no solution yet for withdrawal haltsGenesis said it will take additional weeks to carve out a recovery path for its lending business.Dec 8, 2022Brayden Lindrea
Bankruptcy judge orders $44M in crypto to be returned to Celsius customersThe funds are made up of crypto held within custody accounts on Celsius that had not been transferred to Earn accounts.Dec 8, 2022Luke Huigsloot
Class action against Kim K, Mayweather over EMAX dismissed… for nowDespite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes.Dec 8, 2022Brayden Lindrea
FTX hires forensics team to find customers’ missing billions: ReportLawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail.Dec 8, 2022Jesse Coghlan
Just 8% of Americans have a positive view of crypto: CNBC surveyCNBC’s All-America Economic Survey was conducted toward the end of November, just a few weeks after the collapse of crypto exchange FTX.Dec 8, 2022Brian Quarmby
‘Definitely on the table’ — Subpoenas headed for SBF if he refuses to testifySam Bankman-Fried has been requested to appear before separate House and Senate Committees on the collapse of FTX under the threat of subpoena.Dec 8, 2022Jesse Coghlan
Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.Dec 7, 2022Tom Blackstone