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 ...)
Japan shares lower at close of trade; Nikkei 225 down 1.54%
Japan equities were lower at the close on Thursday, as losses in the Rubber, Transportation Equipment and Machinery sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 1.54%. ( read original story ...)
Japanese stocks drop 1.5% as production data fans slowdown fears
Japanese stocks dropped on Thursday, losing more than 1.5% after data showed that monthly industrial production fell the most in two years and the yen weakened to a 24-year low overnight, stoking ... ( read original story ...)
Japan: industrial production records biggest fall in two years
The sharp decline in industrial production indicates that Japan’s second-quarter GDP rebound should be limited, and it is clear that the Bank of ... ( read original story ...)