Bulgaria closes investigation into Nexo citing no criminal activity
Bulgarian prosecutors have ended the criminal investigations into crypto lender Nexo. A report published on Friday said authorities had found...
Regulation
BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply...
FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on...
FTX debtors assess value of crypto claims based on petition date market prices
The debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 plan of reorganization which proposes that...
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan
Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed...
ECB assesses environmental footprint of cash, sees room for improvement
The European Central Bank (ECB) has taken a look at the environmental impact of using banknotes and discovered 16 environmental...
Google eases Crypto Trust Ads Policy ahead of potential Bitcoin ETF approval
Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform. Advertisers looking to promote crypto...
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office
The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority...
US gov’t removes two crypto AML rules from national defense bill
The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that were designed to address...
Less than 2% of El Salvador’s population holds crypto: Report
In spite of the continuous efforts by the government of El Salvador to promote widespread cryptocurrency adoption within the nation,...
Hong Kong bans two crypto sites for misleading investors
Hong Kong’s Securities and Futures Commission (SFC) banned the two crypto websites for scamming users. HongKongDAO and BitCuped were blocked...
IRS team reports rise in crypto tax investigations
The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations...
Bitcoin is of ‘national strategic importance’ says US Space Force officer
The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare,...
The SEC is facing another defeat in its recycled lawsuit against Kraken
The legal duel between the United States Securities and Exchange Commission (SEC) and Kraken, a leading cryptocurrency exchange, looks like...
Coinbase tracks 6% rise in info requests from law, government agencies
Crypto exchange Coinbase says it recorded a 6% rise in requests from law enforcement and government agencies compared to 2022,...
Paxos receives two in-principle approvals in Abu Dhabi
Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The...
FSB calls for global regulation of multifunction crypto firms
The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models...
What’s next for Binance’s Changpeng “CZ” Zhao
A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the...
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to...
Blockchain devs expect complications from EU smart contract kill switch
The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate...
UK Finance Minister proposes a sandbox initiative for crypto regulations
UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially...
Appeals court rejects Sam Bankman-Fried’s bid for release
FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that...
