The UK government published its final rules for regulating cryptocurrencies and stablecoins on Monday, outlining a phased approach to bringing crypto activities under official oversight. The Treasury plans to introduce legislation on fiat-backed stablecoins by early 2024, marking the first phase of crypto regulation. This will bring certain fiat-stablecoin activities under the authority of the […]
A recent spate of crypto thefts has been tied back to a breach of the password manager LastPass in December 2022, according to investigators. Researchers ZachXBT and Tayvano traced over $4.4 million stolen from around 80 crypto wallets belonging to 25 LastPass users. The victims likely had their seed phrases or private keys compromised in […]
Ripple CEO Brad Garlinghouse recently criticized former SEC Chair Jay Clayton for “hypocrisy” in his approach to crypto regulation. In a June interview, Clayton suggested the SEC should only pursue cases likely to hold up in court. But Garlinghouse argued this stance is at odds with Clayton’s decision to sue Ripple in 2020. “As a […]
On October 25th, Taiwanese legislators introduced the Virtual Asset Management Bill to parliament. The new legislation aims to provide enhanced protection for customers and properly regulate the virtual asset industry. The 30-page bill puts forward some common-sense obligations for virtual asset service providers (VASPs), including segregating customer funds from company reserves, establishing internal controls and […]
Digital asset investment products saw their first monthly increase in assets under management (AUM) since July, according to new data from benchmark administrator CCData. The total AUM for cryptocurrency funds traded on exchanges and over the counter jumped 6.74% in October to $31.7 billion. The increase comes as anticipation builds for the U.S. Securities and […]
With bitcoin surging to its highest price in months, online searches relating to purchasing the cryptocurrency have spiked worldwide. This signals strengthening public interest in digital assets amid optimism about greater mainstream adoption. According to research by Cryptogambling.tv, Google searches for “buy bitcoin” in the United Kingdom skyrocketed over 800% during the past week. The […]
The bankrupt crypto exchange FTX has transferred more than $10 million worth of digital assets to centralized exchanges Binance and Coinbase, according to several blockchain analysis firms. On Wednesday, analytics provider PeckShield spotted over $5.5 million in Solana’s SOL token being moved from FTX-linked wallets to Binance. Solana observers Lookonchain and Loch confirmed the finding, […]
Bitcoin appears on the verge of printing its first golden cross in over a year, sparking excitement among bullish traders eager for a new crypto rally. The largest cryptocurrency by market value has surged nearly 30% over the past two weeks. BTC recently tapped prices above $35,000 for the first time since May 2022, per […]
Attorneys for FTX founder Sam Bankman-Fried are pushing to expand the scope of his highly anticipated trial testimony to include his interactions with legal counsel and good-faith motivations as his empire collapsed. In filings this week, Bankman-Fried’s lawyers asked the judge to allow questioning around FTX lawyers’ involvement in policies, asset maneuvers, and Bankman-Fried’s rationale […]
The U.S. Securities and Exchange Commission (SEC) has fined investment management giant BlackRock Inc. $2.5 million for inaccurate disclosures regarding a fund’s investments between 2015 and 2019. According to the SEC, BlackRock’s Multi-Sector Income Trust (BIT) made sizeable loans to entertainment company Aviron Group but improperly classified the position as “Diversified Financial Services” in public […]