John E. Deaton, a prominent attorney in the XRP community, expressed his frustration with the lack of effectiveness in addressing the US Securities and Exchange Commission (SEC) through letters to its Chairman, Gary Gensler. Deaton took to X (formerly Twitter) to announce his intention to write a letter to the Financial Services Committee (FSC) criticizing […]
SEC Chair Gary Gensler is facing threats of compulsory process if the agency does not comply with oversight requests from the House Committee on Oversight and Accountability by October 19. Chairman James Comer accused the SEC of obstruction and demanded full cooperation, warning of forced compliance if all requested documents are not provided. The letter […]
Genesis, a prominent crypto broker, has suspended customer withdrawals following a $175 million settlement with FTX, a bankrupt cryptocurrency exchange. This decision comes after Genesis announced in September that it would wind down its crypto trading business. The company has also filed for bankruptcy this year due to issues with customer withdrawals from Gemini Exchange. […]
The United States Securities and Exchange Commission (SEC) is approaching its deadline to appeal a court decision in favor of Grayscale Investments. The court ruled that the SEC must review Grayscale’s application for a spot Bitcoin fund. While it is unlikely that the SEC will appeal the decision, analysts believe there are still ways for […]
A secretly recorded audio clip has revealed the moment when former staff members of hedge fund Alameda Research discovered that the fund had been “borrowing” user funds from FTX. The 75-minute recording, obtained by Cointelegraph, sheds light on the tension felt by Caroline Ellison and other Alameda staff leading up to FTX’s collapse. Ellison explained […]
A commissioner from the United States Commodity Futures Trading Commission (CFTC) has criticized Voyager Digital for its mishandling of customer funds, resulting in the loss of billions of dollars. Commissioner Kristin Johnson accused Voyager of misleading practices, neglecting warning signs, and failing to conduct proper due diligence to protect customers. She stated that Voyager turned […]
Terraform Labs, founded by Do Kwon, has accused market maker Citadel Securities of intentionally causing the depeg of its stablecoin, TerraUSD Classic (USTC), in 2022. Terraform Labs has filed a motion in a US District Court to compel Citadel Securities to produce documents related to its trading actions during the time of the depeg. The […]
Decentralized finance (DeFi) platform Platypus Finance has suffered another flash loan exploit, resulting in a loss of over $2 million. The hack was first reported by blockchain security firm PeckShield on October 12th, prompting the platform to temporarily suspend all pools. The attackers targeted the AVAX-sAVAX liquidity pool. CertiK’s investigation revealed that approximately $1.3 million […]
The Bank for International Settlement (BIS) has launched a new crypto surveillance program called “Project Atlas” in collaboration with several European banks. The project aims to gather data for comprehensive transaction surveillance of international crypto asset flows. Project Atlas is currently in the pilot phase and involves the BIS, Eurosystem, De Nederlandsche Bank, and the […]
Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks, enhancing convenience and security for consumers. The technology was tested in collaboration with Cuscal and Mintable, as part of a pilot project with the Reserve Bank […]
