Former public policy attorney Keiko Yoshino writes about why she started paying attention to crypto, particularly the regulatory missteps.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Self-Proclaimed Crypto ‘King’ Kidnapped And Tortured For Ransom – Details
Self-professed crypto “king” Aiden Pleterski’s scheme was supposed to make him a fortune. Instead, it led to an ordeal that lasted for days.
Pleterski was kidnapped and beaten by his captors, who demanded a hefty ransom, according to new details released earlier this month, recently obtained by CTV News Toronto.
According to the Canadian news outlet, a report spanning nearly 750 pages provides extensive information regarding the December incident in which Pleterski was purportedly kidnapped from downtown Toronto. It also described how the 23-year-old was held captive for three days as he was driven around southern Ontario.
Nasdaq Targets Mid-2023 For Crypto Custody Launch
Nasdaq Inc., one of the world’s leading financial institutions and the company behind the popular Nasdaq Stock Exchange, plans to start offering crypto custody services by the end of the second quarter of 2023.
According to a Friday report by Bloomberg, this development was revealed by Senior Vice President and Nasdaq Head of Digital Assets Ira Auerbach during an interview at the ongoing Blockchain Week Summit in Paris.
Bloomberg further reports that Nasdaq is currently in the process of obtaining all required technical infrastructure and approvals from respective regulatory bodies.
Nasdaq Eyeing Q2 2023 Release For Bitcoin And Crypto Custody Platform
The exchange giant is joining Fidelity and BNY Mellon in the pursuit of their own cryptocurrency custody platform.
Nasdaq, an American stock exchange based in New York City, is reportedly looking at Q2 2023 for the release of its custody services for Bitcoin and other cryptocurrencies.
In an interview with Bloomberg, Senior Vice President and Head of Nasdaq Digital Assets Ira Auerbach said that Nasdaq “is pushing ahead to get all the necessary technical infrastructure and regulatory approvals in place.”
Ripple CTO David Schwartz Calls Out SEC for Lack of Clarity On Crypto Regulations
The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple. In a recent tweet, Ripple’s CTO, David Schwartz, criticized the US Securities and Exchanges Commission for not clarifying cryptocurrency regulatory guidelines before attacking crypto firms.
Schwartz’s comment was in response to Paul Grewal, chief legal officer to Coinbase’s statement asking the SEC to provide rules for crypto in the United States. The Wells Notice comes amid several enforcement actions by the SEC on crypto firms alleging unregistered securities offerings.
$119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise: Crystal Blockchain
DeFi protocols have been hackers’ favorite targets since 2021. Now they’re preying on NFT projects too, a blockchain intelligence firm says.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Industry Receives Protection With New Blockchain Regulatory Bill
Member of the US House of Representatives and Majority Whip Tom Emmer has recently introduced a new bill to provide regulatory clarity for the blockchain and cryptocurrency industry. The bill is called the Blockchain Regulatory Act (BCRA).
According to Emmer, the purpose of this bill is to establish legal clarity for blockchain developers and service providers who do not hold or manage consumer funds. The bill proposes that these entities should not be considered money transmitters subject to “stringent” regulation.
Additionally, the BCRA is a bipartisan bill co-led by Representative Darren Soto of Florida, supported by members of both political parties. This support increases the chances of the bill passing through Congress.
This Australian Crypto Exchange Is Considering Setting Up Base In Hong Kong
Independent Reserve, an Australia-based crypto exchange, has been contemplating exploring opportunities in Hong Kong. The region has been in the limelight due to its all-accepting and friendly licensing regime, which has drawn crypto organizations.
Due to its liberal licensing regime, Hong Kong could make a worthy destination for a visual asset hub. Although Hong Kong has accepted the industry, there could be other factors that businesses might have to consider.
Last month, the Hong Kong Securities and Futures Commission (SFC) released a proposal encompassing the licensing regime for crypto exchanges. The proposed licensing regime is supposed to take effect in June.
War On Bitcoin And Crypto: Here’s How The Industry Will
If the US Securities and Exchange Commission’s (SEC) Wells Notice against Coinbase makes anything clear, it’s that the agency is at war with the crypto industry. Coinbase is the poster child for the American crypto industry and has always been committed to regulatory compliance and license registration – otherwise, the exchange wouldn’t have been able to get its IPO approved either.
Nevertheless, the SEC decided to send a Wells Notice to Coinbase focusing on staking and asset listings. A Wells Notice typically precedes an enforcement action, as CEO Brian Armston said.
SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation
The US Securities and Exchange Commission (SEC) has recently announced that it has charged Justin Sun, a prominent crypto entrepreneur, and his three companies- Tron Foundation, BitTorrent, and Rainberry Inc, with allegedly conducting an unregistered sale of “crypto assets securities.”
The SEC alleges that Sun and his companies offered and sold Tronix (TRX) and BitTorrent (BTT) tokens to the public without registering these tokens as securities, following the regulatory agency’s crackdown on the crypto industry.
Lindsay Lohan And Celebrities Involved In SEC Case Against Crypto
In addition to the charges of unregistered offering and sale of crypto asset “securities” TRX and BTT, the SEC has also accused Justin Sun and his companies of alleged fraudulent activities related to TRX.
New USDT Integration Allows Telegram Users To Send Crypto In Chat
The messaging app Telegram has added support for the stablecoin giant USDT on its wallet bot, according to a CoinDesk report. With this integration, users can now buy and sell USDT directly within the app, expanding the app’s cryptocurrency capabilities.
This significant development makes it easier for Telegram users to manage their cryptocurrency holdings and conduct P2P transactions using USDT. With this new integration, users can now access and use the stablecoin within the Telegram app, which could increase the adoption and use of USDT.
European Crypto Startups Raised Record $5.7B in VC Funding in 2022
A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
MetaMask Partners With MoonPay To Enable Instant Crypto Purchases In Nigeria
Crypto-related developments continue to gain more ground despite the recent market turmoil caused by FTX has broken the investors’ trust. This time, ConsenSys, the firm behind the most used self-custodian cryptocurrency wallet, MetaMask, inked a partnership with Web3 payment channel, MoonPay.
This collaboration enables Nigerian crypto users to buy digital assets more conveniently than before, providing users with direct on-ramps for crypto buying, skipping the need for centralized exchanges as a broker. The service is now available in the MetaMask mobile and portfolio dApp. Users can access local banks for instant transfers while buying crypto and then store the purchased digital assets in the MetaMask wallet.
Shiba Inu Whale Moves 25 Trillion SHIB From Crypto Exchange To Cold Storage – Details
An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $ 250 million from a top crypto exchange to a self-custody wallet, according to on-chain data reported by crypto analytics firm Santiment.
The SHIB tokens were moved from an Ethereum address categorized by Etherscan as belonging to US crypto exchange Crypto.com to a new wallet.
The transfer was made in six different transactions and the whale has been amassing ETH rapidly since March 1st, possessing 992 ETH alongside its now 25 trillion SHIB.
More Than 80 Crypto Firms Plan to Launch In Hong Kong, Financial Secretary
Hong Kong, an administrative region of China, has gradually expanded its crypto industry. The city aims to create a robust crypto environment to position it as a prominent hub for crypto and Web3 interactions.
The city’s outstanding performance has attracted several crypto firms to expand their business into the region. The Financial Secretary of Hong Kong reports that over 80 virtual assets companies seek to establish their businesses in the city.
Belgian Crypto Ads Must Warn of Risks Under New Rules
The Financial Services and Markets Authority will have to be notified of major ad campaigns, as a survey reveals crypto investors are often trying to get rich quick.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
On Crypto & Drugs: Why This Ex-Belgian Finance Minister Wants Crypto Banned Like Drugs
Crypto should be banned in the same way that governments ban drugs, Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, said in a tweet.
His controversial sentiments quickly sparked a heated response on Twitter, including that from Cardano founder Charles Hoskinson.
Van Overtveldt’s remarks come in the wake of the recent failures of three U.S. banks – Silicon Valley Bank, Signature Bank, and Silvergate Bank – calling digital assets “speculative poison.”
U.S. Banking Cutoff Presents Opportunities for Crypto in Europe
U.S policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitrue CSO On How Crypto Exchanges Are Faring Post-FTX Collapse
The collapse of FTX sent shockwaves throughout the crypto space, triggering the downfall of some crypto firms and prices crashed along with it. However, the market is picking up once more and confidence is returning.
Bitcoinist caught up with Bitrue’s Chief Strategy Officer, Robert Quartly-Janeiro and he shared his thoughts on how crypto exchanges have been faring in the wake of the FTX decline, and how Bitrue is working to regain user trust after this.
Bitcoinist: Can you tell us your thoughts on the whole FTX debacle? Do you think this was preventable?
Crypto Derivatives Protocol Volmex Finance’s Bitcoin and Ether Volatility Charts Now Live on TradingView
Integration with TradingView promises global exposure to Volmex’s implied volatility indices for bitcoin and ether.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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