United States federal bank regulatory agencies started off the new year with a statement on crypto assets that looked back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement Jan. 3 on past problems and their efforts to…
If 2022 made one thing clear about crypto, it’s that there’s absolutely no point in predicting anything. Overnight collapses of multi-billion dollar companies, historic technological achievements, industry-wide crashes, blockbuster confrontations with world governments, shocking revelations of corporate malfeasance, billionaires on the run, surprise arrests: 2022 had it all—if not too much. Where does crypto go from here? While the future…
The Federal Reserve and two other U.S. regulators today issued a warning to banks about cryptocurrencies. In a joint statement, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) said banks should be aware of the “significant volatility and vulnerabilities over the past year” the…
The company behind a crypto-satellite module launched in May has announced an additional piece of its blockchain-related infrastructure went into Earth orbit. According to a Jan. 3 announcement, one of SpaceX’s Falcon 9 launch vehicles carried a “cryptographically-equipped” Cryptosat satellite — called Crypto2 — into orbit on Jan. 3. The addition of Crypto2 to the firm’s satellite constellation was part…
14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, and it sparked an entire…
Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January. Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy FUD On Jan. 2, Cameron Winklevoss,…
The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm. FTX Digital Markets is headquartered in the Bahamas, and the top management…
You can tell that things have really changed in the Solana space when a price around $13 is seen by investors and supporters as a cause for celebration. But that’s the case today with SOL rebounding sharply from its recent fall to nearly $8, and the cause for this week’s buzz appears to be a new dog-themed token called BONK.…
Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all charges he’s facing including wire fraud, securities fraud, and violations of campaign finance laws. Multiple observers in the United States District Court in the Southern District of New York on Jan. 3 reported that Bankman-Fried’s attorneys had entered a not guilty plea on SBF’s behalf in his…
Sam Bankman-Fried’s legal team successfully argued Tuesday that the names of two signatories backing the disgraced FTX founder’s $250 million bail bond should be hidden from the public. In a six-page filing submitted to federal judge Lewis Kaplan Tuesday morning, Bankman-Fried’s attorneys argued that the bond’s other signatories—the former-billionaire’s parents—have already received threats and harassment since entering the public eye…
