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Ex-FTX CEO Seeks Financial Aid for Legal Expenses: 9-Figure Territory at Stake

• Former FTX CEO Sam Bankman-Fried is seeking court assistance in prioritizing the reimbursement of his legal fees. • He has been named as a defendant or involved in various criminal, regulatory, civil, and other actions resulting in significant unreimbursed … Weiterlesen

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Grayscale’s ETF Appeal Hearing Sheds Light on SEC’s Decision-Making

What is an ETF? • Exchange Traded Funds (ETFs) are a type of Exchange Traded Product (ETP) that trade on exchanges and typically follow a specific index. • Bitcoin ETFs are collections of assets related to Bitcoin traded as ETFs … Weiterlesen

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Banks‘ Crypto Exposure Remains Tiny: BIS Report

• Global banks have minimal exposure to crypto-assets, according to the Bank for International Settlements (BIS) report. • Banks‘ total prudential exposure to crypto-assets totaled €2.9 billion as of the end of June 2022, while their crypto-assets under custody totaled … Weiterlesen

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Crypto Exchanges Must Pre-Register in Canada Within 30 Days

• The Canadian Securities Administration (CSA) released a notice requiring crypto exchanges that plan to operate nationwide to pre-register within 30 days. • This process includes segregating crypto assets held on behalf of Canadian clients and suspending offering margin, credit, … Weiterlesen

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Almost 25% of Token Launches in 2022 Resemble P&D Schemes

• Almost 25% of tokens launched in 2022 resembled P&D schemes, according to a report from Chainalysis. • The report identified 445 wallets belonging to either individuals or groups, accounting for 24% of the 9,902 tokens that resemble P&D schemes. … Weiterlesen

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US Leads the Crypto World: $46.95 Billion Industry Booming

Overview • The US crypto industry is worth an estimated $46.95 billion and employs 5,691 people across 1,992 businesses. • The UK comes in second with its cryptocurrency industry valued at $8.16 billion and employing 617 people across 817 businesses. … Weiterlesen

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Gaming Soars During Bear Market, Dominates On-Chain Activity

• Gaming unique active wallets grew 60% in 2022 • On-chain transactions increased 37% in the same year • Wax, Hive, and BNB Chain became the most popular gaming blockchains with 353,000, 234,000, and 136,000 daily UAWs, respectively The gaming … Weiterlesen

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: Crypto Market Booms as Bitcoin Dominance Hits New 6-Month High

• Bitcoin dominance has hit 41.5% as of Jan. 20 — the highest level over six months. • Ethereum dominance is also up and currently stands at 19.4%. • The market cap for the entire crypto space sits at just … Weiterlesen

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NY AG Sues Celsius Network Co-Founder for Defrauding Investors

• The New York Attorney General has filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC, for allegedly defrauding investors. • Mashinsky is accused of violating the Martin Act and New York’s Executive and … Weiterlesen

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Binance Sees $12 Billion Outflow in Two Months, Investors Unconvinced

Bulletpoints: • Binance has experienced a significant outflow of assets in the past two months, a recent report from Forbes found. • Forbes analysts dove deep into Binance’s wallets and found that the exchange saw around $12 billion of outflows … Weiterlesen

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