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” US House committee sets Dec. 13 date for FTX hearing “ The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX. House Financial Services Committee Chair Maxine Waters said Nov. 28 that lawmakers will explore the collapse of…
” Kraken settles with US Treasury’s OFAC for violating US sanctions “ The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, has announced a settlement with crypto exchange Kraken for “apparent violations of sanctions against Iran.” In a Nov. 28 announcement, OFAC said Kraken had agreed to pay more than $362,000 as…
” Line shuts down crypto exchange to focus on blockchain and LN token “ The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter. Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the platform by March 2023. According to…
” Taking down crypto influencers is one step that would help to heal the market “ However, the crypto space is notoriously fickle, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight. For this reason, celebrity influencers…
“Kim Jong Un says North Korea aims to have the world’s strongest nuclear force” North Korean leader Kim Jong Un said his country intends to have the world’s most powerful nuclear force as he promoted dozens of military officers involved in the recent launch of a new ballistic missile, state media reported on Sunday. The…
” It’s time for crypto fans to stop supporting cults of personality “ Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter…
” Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar “ In October, Toronto-based Coinsquare became the first crypto trading business to get dealer registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot as now Coinsquare investors’ funds enjoy the security of the Canadian Investment Protection Fund in…
US, allies struggle to support protesters in make-or-break moment for Iran The U.S., its allies and individuals across the globe are struggling to support protesters in Iran in what observers say is a make-or-break moment that could tip the scales for regime change in Tehran. President Biden said in early November that “we’re gonna free…
” SEC chair’s crypto oversight strategy in question as ecosystems collapse “ While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and Terra…
” Disaster looms for Digital Currency Group thanks to regulators and whales “ The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem…