The US Government’s push for an independent inquiry of the now-bankrupt crypto exchange FTX was referred to the U.S. Third Circuit Court of Appeals on Tuesday. The government’s push comes after a group of both Democratic and Republican Senators in January called for an inquiry into FTX’s bankruptcy, arguing that a “thorough, objective investigation of
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US lawmakers are set to discuss digital asset spot markets during a hearing to be held by the House Agriculture Committee on June 6. The committee has jurisdiction over the Commodity Futures Trading Commission (CFTC), which has been exercising its jurisdiction through enforcement actions and public statements over the past year. The hearing will be
A global money laundering and terrorist financing watchdog has called on Qatar to make significant improvements to its response to terrorist financing. According to a report released by the Financial Action Task Force (FATF), Qatar needs to understand more complex forms of money laundering and terrorist financing and establish more controls to combat these issues.
Binance, the world’s largest crypto exchange by trading volume, has announced their plan to delist several privacy-focused coins for users in Spain, France, Italy, and Poland. The coins that will be delisted are designed to make it difficult for third-parties to trace transactions and get information about wallet balances. These coins include Zcash (ZEC), Monero
Coinbase CEO Brian Armstrong expressed his disappointment over the regulatory approach of the US lawmakers towards cryptocurrency. He warned that innovation is shifting to other countries, and restrictive US cryptocurrency policies will benefit countries like China. The Effect of Restrictive Policies on Crypto-Innovation Armstrong wrote in a MarketWatch opinion article that the enforcement of restrictive
Solana (SOL) has the potential to become the crypto world’s equivalent of tech giant Apple due to its strong focus on user experience, according to Solana co-founder Raj Gokal. In a recent interview with TechCrunch, Gokal compared Solana to Apple, stating that the Mac and iPhone maker’s “relentless focus on simple interaction” is something Solana
The US Securities and Exchange Commission (SEC) has announced that former Coinbase manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle insider trading charges. The SEC filed a complaint against the brothers in July, alleging that Ishan Wahi provided insider information to his brother and his friend Sameer Ramani about which cryptocurrencies
Jimbos Protocol, an Arbitrum-based protocol, has sought assistance from security researchers and on-chain analysts following a hack. The protocol was targeted by an exploiter who used a loophole in the code to carry out a flash loan. The hack resulted in the loss of funds worth some ETH 4,048, or about $7.5 million, which were
The Russian government has decided not to pursue its plans of creating a national cryptocurrency exchange. Instead, the government will focus on drafting rules for multiple crypto exchanges. This news was reported by a local news site, which cited Anatoly Aksakov, a member of one of the chambers of the Russian parliament, as the source
The Bank of Japan has launched a pilot program for its central bank digital currency (CBDC), according to a report released by the bank. The pilot program began in April 2023 and is designed to test the end-to-end process flow, explore potential challenges for connection with external systems, and develop solutions indicated as necessary in