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” US lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’ “ Two Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing. In a Nov. 23 letter to U.S. Attorney General Merrick Garland…
” US Sen. Elizabeth Warren says crypto will ruin economy —community responds “ The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov. 11. A new op-ed from United States Senator Elizabeth Warren revealed a negative stance towards…
” Central banks can use Bitcoin to fight off sanctions: Harvard research “ A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” released by Matthew Ferranti, a Ph.D….
” New York governor signs PoW mining moratorium into law “ New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22, making it the first state in America to ban any PoW crypto mining activity for two years. The PoW mining moratorium will not only prohibit new mining operations…
” Core Scientific in ‘substantial doubt’ of continuing without more cash “ Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the…
” Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so “ In an official blog post, Bitpanda announced that it has secured a crypto custody licence from the German financial authority, BaFin. Having obtained this licence, the Austrian-based crypto exchange can now legally market its…
” Approving a spot crypto ETF is ‘all about political power’ — Perianne Boring “ Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more…
” Shiba Inu developer says WEF wants to work with project to ‘help shape’ metaverse global policy “ The volunteer project lead and developer for Shiba Inu known only as ‘Shytoshi Kusama’ has reported on social media that the World Economic Forum, or WEF, wants to work with the meme-based cryptocurrency on global policy. In…
” Singapore central bank explains why Binance was on its alert list, but FTX wasn’t “ The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The first point MAS wanted to make…
” ‘Substantial amount’ of FTX’s assets stolen or missing — bankruptcy counsel “ James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks. In a livestream of FTX Trading’s bankruptcy…