Industry
"America has left a vacuum that other countries are eager to fill"
With Coinbase appearing to be on the verge of a lawsuit with the U.S. Securities and Exchange Commission (SEC), the company emphasized that the U.S.Hallie GillCustodia Bank Membership Denied Due to Links to Crypto Markets, Fed Says
The U.S. Federal Reserve released an 86-page report on March 24 detailing the reasons for rejecting Custodia Bank’s application to join in January, including the bank’s foray into the crypto space.Sherry CantwellVenezuela Shuts Down Crypto Mining Facility, Exchange Amid Corruption Probe
Venezuela’s energy provider has shut down crypto mining facilities across the country as part of a restructuring of the state’s crypto sector and an ongoing corruption investigation involving the country’s oil company.James DeanFujitsu Interested in Cryptocurrency Trading Services, Trademark Filing Reveals
Japanese tech giant Fujitsu has filed a trademark application with the United States Patent and Trademark Office (USPTO),Barry StidhamSEC charges Justin Sun, Jake Paul, Lindsay Lohan, and others with Tron-related violations
The U.S. Securities and Exchange Commission (SEC) announced on Wednesday that Tron founder Justin Sun and his company violated securities laws, charging him with market manipulation, fraud and airdropping unregistered securities to investors.Wayne IngramUS Senator Ted Cruz Proposes CBDC Ban Amid Republican Opposition
Republican Senator Ted Cruz proposed legislation late Tuesday to block the issuance of central bank digital currencies (CBDCs) in the United States, joining a growing number of high-profile Republican politicians opposing the idea.Hallie GillElizabeth Warren takes aim at 'shady' crypto audits in letter to Accounting Oversight Board
U.S. Senators Elizabeth Warren and Ron Wyden said they were "disappointed" by the Public Company Accounting Oversight Board's (PCAOB) failure to hold auditors accountable for "bogus" crypto audits.Jerry McNeillDeutsche Bank shares plunge, default insurance soars amid more banking panic
Shares in Germany's largest lender, Deutsche Bank, started to tumble on Friday as worries over the financial sector continued to spread following a string of global bank failures this month. Meanwhile, the cost of insuring the bank against a possible failure has risen to a four-year high.Sherry CantwellTim Draper Advises Founders to Hold “At Least” Two Crypto Payrolls of “Cash Equivalent”
American venture capital investor and entrepreneur Tim Draper advises founders to keep at least two bitcoins worth of cash Or alternative cryptocurrencies, among other diversification proposals in response to the uncertainty surrounding the collapse of Silicon Valley Bank (SVB).Barry StidhamCrypto Biz: Mastercard Opens Network to USDC, OKX Leaves Canada, Bitcoin Climbs
Banking turmoil and regulatory crackdowns across the globe have not slowed down the continued convergence of traditional finance and decentralized finance (DeFi).Craig Green$4M 'Exit Scam' Suspected as Kokomo Finance Goes Unnoticed, Token Plunges
Optimistic lending protocol Kokomo Finance is involved in a $4 million “exit scam” in which user funds were withdrawn from the platform through smart contract vulnerabilities.Christopher SmithHong Kong cryptocurrency firm sees interest from Chinese banks
Cryptocurrency companies established in Hong Kong have reportedly found some unexpected allies in the region Chinese state-owned banks ahead of the introduction of a new cryptocurrency exchange licensing regime in June.Cornell RachelU.S. explores additional bank support, benefits First Republic
U.S. authorities are reportedly considering "extending" the bank's emergency credit line, which could give First Republic Bank a time buffer to fix its balance sheet, according to people familiar with the matter.Wayne IngramDo Kwon reportedly appeals court decision to extend detention
Terraform Labs co-founder Do Kwon will reportedly appeal a court decision to extend his detention for up to 30 days after he was arrested in Montenegro for attempting to use forged documents.Hallie GillTitanium Blockchain CEO Behind BARs ICO Fraud Gets 4 Years in Jail
The CEO of California-based Titanium Blockchain has been sentenced to four years in prison - ending a 2018 initial coin offering (ICO) saga that robbed investors of $21 million.Jerry McNeillFashion Model Gisele Bündchen Explains Why She Invested in FTX
Brazilian supermodel Gisele Bündchen said her financial advisor prompted her to invest in now-bankrupt exchange FTX, describing it as "a nice golden" opportunity.Barry StidhamBitzlato restores partial access to BTC Holdings after 2-month shutdown
Cryptocurrency exchange Bitzlato enables customers to withdraw up to 50% of bitcoin funds stranded at the venue.Craig GreenBulgarian Members of Crypto Scam OneCoin to Face Justice in US
U.S. authorities charged Irina Dilkinska, formerly head of legal and compliance at OneCoin, for her role in the notorious crypto scam and deported her from Bulgaria to the U.S.Christopher SmithSushi Seeks $3M USDT Defense Fund After SEC Subpoena
Jared Gray the “chef” (CEO) of automated market maker Sushi Swap is trying to build a $3 million legal defense fund after being subpoenaed by the U.S. Securities and Exchange Commission (SEC).Cornell RachelArbitrum Airdrop: Hacked Vanity Address Used to Raise $500,000
Hacked vanity addresses have reportedly been used to steal $500,000 worth of tokens from layer 2 scaling solution Arbitrum’s March 23 airdrop.Martha Grizzard
