US Senate committee hearing on FTX fail brings gaps in regulatory authority to lightCFTC Chairman Rostin Behnam appeared before the Senate Agriculture Committee to talk about how FTX’s collapse occurred and how it could have been prevented.Dec 1, 2022Derek Andersen
P2P Financial Systems panel: Crypto core values and transparency are critical for DeFi Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi’s future among market dynamics, cyberattacks and regulatory uncertainty.Dec 1, 2022Ana Paula Pereira
Clearing company tests out securities transaction settlements on blockchain networks The Digital Dollar Project and the Depository Trust & Clearing Corporation have trialed a potential settlement system using tokenized securities and central bank digital currencies.Dec 1, 2022Derek Andersen
Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of customer funds According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.”Dec 1, 2022Judith BannermanQuist
NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firmsThough some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.Dec 1, 2022Turner Wright
Fantom wants to cut token burn rate by 75% to fund DApp rewards program “Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje.Dec 1, 2022Zhiyuan Sun
We could use crypto regulation after FTX, but let’s start with basic definitionsCongress should start by addressing what cryptocurrencies are securities and what are commodities.Dec 1, 2022Denelle Dixon
Bitcoin Depot says SPAC merger will continue as planned after solid revenue growth The firm's revenue increased by 25.25% to $497.2 million in the first nine months of 2022.Dec 1, 2022Zhiyuan Sun
Italy to impose 26% capital gains tax on crypto profitsThe 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2,000 euros ($2,062).Dec 1, 2022Judith BannermanQuist
Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiryHere is why Bitcoin bears stand to profit from this week’s $430 million BTC options expiry.Dec 1, 2022Marcel Pechman
Coinbase claims Apple blocked wallet app release over gas feesThe platform said Apple wanted Coinbase Wallet to disable NFT transactions, introducing “new policies to protect their profits at the expense of consumer investment in NFTs."Dec 1, 2022Turner Wright
CFTC Chairman Rostin Behnam cites LedgerX as success story amid FTX collapse”The customer property at LedgerX — the CFTC-regulated entity — has remained exactly where it should be, segregated and secure,” Rostin Behnam said at a hearing on FTX’s failures.Dec 1, 2022Turner Wright
Solana-based market maker integrates Stripe for fiat-to-crypto transactions The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe.Dec 1, 2022Savannah Fortis
Crypto and Capitulation — Is there a silver lining? Watch Market Talks on CointelegraphJoin us as we discuss the current state of the crypto market and whether there could actually be a silver lining to capitulation. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Magdalena Gronowska.Dec 1, 2022Cointelegraph
DEX token GMX rallies 35% after beating Uniswap on trading fees for the first timeGMX’s technical indicator hints at a strong correction in December, which may push its price toward $40.Dec 1, 2022Yashu Gola
What is tokenization and how are banks tapping into its design principles?Financial services organizations can use tokenization to solve several friction points and have better risk management in place.Dec 1, 2022Arunkumar Krishnakumar
Socios boss’ goal? To knock crypto out of the park“As an entrepreneur, I always try to find new opportunities… At the end of 2017, I started to look at crypto from a sports angle.”Dec 1, 2022Julian Jackson
Russia's Sber bank integrates Metamask into its blockchain platformRussia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain.Dec 1, 2022Helen Partz
Demand for liquid Ethereum staking options continues to grow post-Merge Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.Dec 1, 2022Gareth Jenkinson
Binance hires audit firm that served Donald Trump to verify crypto reservesMazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company.Dec 1, 2022Helen Partz
Bitcoin sees worst monthly close in 2 years as traders watch $16.7KBTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin.Dec 1, 2022William Suberg
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto.Dec 1, 2022Prashant Jha
BlackRock CEO: FTX Token caused downfall, but tech still revolutionaryDespite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.Dec 1, 2022Luke Huigsloot
Meta ‘powering through’ with metaverse plans despite doubts — ZuckerbergBillions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.Dec 1, 2022Jesse Coghlan
Legal professionals astonished as SBF admits failures, apologizes 12 times in interviewThe former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.Dec 1, 2022Stephen Katte
Crypto trading firm Auros Global misses DeFi payment due to FTX contagionAuros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.Dec 1, 2022Tom Blackstone
Nifty News: Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and moreBMW and Porsche have both recently ramped up their own Web3 plays, while Baby Shark is dipping into the blockchain gaming sector, but just for kids.Dec 1, 2022Brian Quarmby
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.Dec 1, 2022Jesse Coghlan
LBRY says it ‘will likely be dead’ following SEC lossLBRY Inc. noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on.Dec 1, 2022Brian Quarmby
Axie Infinity is toxic for crypto gamingAxie Infinity, like most cryptocurrency games, has provided players with an awful experience.Dec 1, 2022Mark Long