Like the E.U.’s trendsetting data privacy policy, which became the de facto global standard, the crypto regulations are expected to be highly influential worldwide. ( read original story ...)
OP Crypto raising $100M for ‘Fund of Funds’ to back fund managers
The typical fund consists of deploying capital into certain sectors or industries, but venture capital firm OP Crypto is taking their own twist on the term. OP Crypto’s is raising $100 million for its ... ( read original story ...)
Japan Banking Chief Urges BOJ to Keep Tabs on Policy Downsides
The chief of Japan’s banking industry lobby group is calling on the nation’s central bank to pay closer attention to the adverse impacts of its ultra easy monetary policy after the yen plunged to a 24 ... ( read original story ...)
Crypto Crisis: More Bad News For a Failing Hedge Fund
Three Arrows Capital (3AC) has become the first big domino to fall in the current crisis of confidence affecting the crypto industry. ( read original story ...)
Crypto exchange CoinFlex says it needs more time to restart withdrawals as it scrambles to fix a $47 million bad debt
CoinFlex halted withdrawals while it searches for a solution to the $47 million bad debt, which the crypto exchange claims is down to "bitcoin Jesus" Roger Ver. ( read original story ...)
Crypto rules to make Europe a global leader as prices plunge
Europe is preparing to take the global lead in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for ti ... ( read original story ...)
The Crypto Crash Was Caused by Fraudsters—and Regulators | Opinion
Policymakers should use the time afforded by the crash both to prosecute fraudsters and to implement a regulatory regime that fuels responsible innovation. ( read original story ...)
Bitcoin dips below $19,000 in broad crypto sell-off as Three Arrows liquidation sends ripples through the market
The risk asset sell-off and the liquidation of troubled hedge fund Three Arrows Capital helped drive bitcoin briefly below $19,000 as crypto losses deepened. ( read original story ...)
DeFi Is the Wild West of Banking and Investing. Here’s What Crypto Investors Should Know
DeFi, or “decentralized finance,” is the unregulated “wild west” counterpart to the traditional financial system. Here’s what crypto investors should know. ( read original story ...)
Crypto’s Tumultuous Second Quarter Leaves Investors Asking: What Else Could Go Wrong?
The crypto market lost more than half its value in the latest period. ( read original story ...)
Basel revises bank crypto capital plan to include blockchain
Banks should take a conservative approach to setting aside capital to cover risks from "unbacked" crypto assets on their books, the global Basel Committee of banking regulators said in proposals on ... ( read original story ...)
European Union inks deal on crypto transfer tracing rules
The European Union has agreed on new rules subjecting cryptocurrency transfers to the same money-laundering rules as traditional banking transfers. EU negotiators signed a provisional agreement late ... ( read original story ...)
New Crypto Super PAC Has Deep Pockets—and Old Connections
A new “crypto” super PAC with some wealthy friends has just appeared on the scene, and the group is not messing around. The “Crypto Freedom PAC” has already thrown nearly a million dollars into ads ... ( read original story ...)
Can crypto regulate itself? The Lummis-Gillibrand bill hopes so.
Creating the equivalent of the stock markets’ FINRA for crypto is the ideal, but experts doubt that it will be easy. ( read original story ...)
North Korea is likely culprit behind $100 million crypto heist, researchers say
There are "strong indications" that North Korea-run hacking group Lazarus orchestrated the attack, according to blockchain analytics firm Elliptic. ( read original story ...)
How North Korea Used Crypto to Hack Its Way Through the Pandemic
The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system. ( read original story ...)