Category Archives: Cryptocurrency

Crypto market liquidity dries up following Alameda and FTX collapse

The crypto market has experienced a liquidity dry-up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko. The firms, founded by disgraced former billionaire Sam Bankman-Fried, were key market participants until they filed for bankruptcy protection earlier this month. This has created […]

Wyoming Will Try Again To Be First State With Own ‘Holy Grail’ Stable Token

Wyoming lawmakers will try again to become the first state in the nation with its stable token, along with a chance at billions in revenue if the Cowboy State can market itself successfully as a highly trusted first-mover. “As we want to develop a full ecosystem for blockchain-enabled commerce and financial technology innovation, you need […]

FinTech World at Blockchain Futurist Conference 2022 | Hosted by Tony Lawand

We got to Toronto, Canada, for the Blockchain Futurist Conference. This conference brings together 100+ world-class speakers, industry experts, and thought leaders to discuss blockchain technology, NFTs, Metaverse, Defi, Cryptocurrency, DAOs, and more. Hear from the newest and most innovative companies changing our planet with over 60 sessions, panels, workshops, and roundtables.

Another NFT venture disappeared hours after launch, this time with $815K

With each passing day, the crypto scams are becoming bolder, but the latest NFT rug pull is as brazen as it gets. SudoRare, a platform meant to facilitate NFT transactions, managed to run off with around $815,000 worth of user funds just six hours after launch. The platform was an iteration, or what is referred […]

NAVIGATING THE NEW AML COMPLIANCE LANDSCAPE – PDF DOWNLOAD

Financial crime remains at record highs as the pandemic continues to accelerate digitization and create new opportunities for fraudulent activities. As a result, AML institutions and other AML regulated entities worldwide. Scaling up staff to deal with evolving AML challenges is problematic. So how can organizations do more with less while complying with tightening regulations? […]

Fed’s annual Jackson Hole meeting.

Every year in August, the Federal Reserve holds a small gathering of the world’s leading economists and policymakers against the backdrop of the Grand Teton Mountains in Wyoming. Only about 120 people attend the event every year. Still, the publicly-released papers and speeches — as well as media engagements by policymakers — have made the […]

Canadian regulatory council creates new preregistration filing for crypto platforms

The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process. The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms would be expected to provide a preregistration undertaking to their principal regulators […]

Crypto.com Pre-Registration Undertaking with OSC

Crypto.com has announced that it has signed its first pre-registration undertaking with the Ontario Securities Commission in Canada. The undertaking marks Crypto.com as the first global cryptocurrency platform operating under this undertaking in the country. In an official statement, Crypto.com says the following: Crypto.com is committed to working with the OSC to offer a suite […]

Halting the SEC’s Regulatory Attack On Crypto

Last week, a House Financial Services Subcommittee held an oversight hearing focused on the Securities and Exchange Commission’s (SEC) enforcement division. Despite the norm that ongoing enforcement cases are not discussed at these hearings, Subcommittee Chairman Representative Brad Sherman (D-CA) took it upon himself to put his thumb on the scale of the most significant […]

SEC lists nine crypto tokens as securities following Coinbase insider trading charges

The Securities and Exchange Commission (SEC) has listed nine cryptocurrencies that it says are securities. This was contained within a complaint arresting and charging a former Coinbase employee and two others with wire fraud. The assets were: AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM. They were each mentioned in connection with alleged insider […]

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