BlockFi, the bankrupt cryptocurrency lender, has released a letter asking its creditors to disregard certain statements that were prematurely made earlier this month regarding the plan to reorganize. The letter was directed by the court. BlockFi has retracted the statements that were posted on its website, court docket, and Twitter, saying that they were made
Blockchain
South Korea’s Supreme Prosecutor’s Office is set to purchase new blockchain analytics software to aid in the fight against money laundering through cryptocurrencies. The software will be used to scrutinize overseas exchanges with the same level of scrutiny as domestic exchanges to catch and prevent laundering. New Tools for Cyber Investigations The Supreme Prosecutor’s Office
The Texas legislature has passed a bill that requires cryptocurrency exchanges to provide a “proof of reserves.” This move is the latest by the state to regulate the digital asset industry. Details of the Bill The bill, known as HB-1666, was co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker. It applies to
After the recent controversy surrounding Ledger, a hardware wallet specialist, competitors have taken the opportunity to address the concerns expressed by some users. One such competitor is Trezor, a hardware producer, who aims to capitalize on Ledger’s troubles by offering a discount to buyers. Trezor’s website boldly promotes “Open Source security you can verify” and
US lawmakers from both political parties have introduced a bipartisan bill called the Power of the Mint Act to block the Federal Reserve from issuing a central bank digital currency (CBDC). The bill was introduced by Republican Representative French Hill of Arkansas and Democratic Representative Jake Auchincloss of Massachusetts. Hill stated that it was the
Ripple, the blockchain-based payments platform, has appointed Warren Jenson as the new Chief Financial Officer (CFO) to its board of directors. Jenson, who is also the CFO of market researcher Nielsen, will lead Ripple’s audit committee and oversee the auditing process of Ripple’s operations. The announcement came in a press release by the crypto firm
South Korea’s Justice Ministry has denied allegations that its officials hold cryptoassets. The media outlet Newsis had reported that Democratic Party MP Park Chan-dae had claimed that the Justice Minister Han Dong-hoon had “refused to disclose whether he owned cryptocurrency,” claiming that this information was “private and personal information.” The Ministry’s Response The Justice Ministry
American fintech company Ripple has acquired Switzerland-based blockchain firm Metaco for $250 million. This marks Ripple’s entry into the asset tokenization field. The acquisition is expected to help Ripple expand its enterprise offerings, particularly in international markets. Ripple plans to provide customers with the technology to custody, issue, and settle any type of tokenized asset.
Senator Cynthia Lummis expressed disappointment with Signature Bank’s former Chairman Scott Shay and former President Eric Howell at a Senate Banking Committee hearing on Tuesday. Lummis, a Wyoming Republican and crypto advocate, criticized Shay’s supposed deflection of blame for the bank’s failure and his wordiness about crypto. Signature Bank was one of three banks to
Brad Garlinghouse, CEO of Ripple, took to Twitter to express his frustration with the US Securities and Exchange Commission (SEC) for its “hypocrisy” in public statements about the cryptocurrency industry. Using a meme from The Office, Garlinghouse criticized the SEC for issuing statements from its “bully pulpit” without providing clear guidance to the industry. He