The Alameda gap and crypto liquidity crisis explained
The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud.
The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud.
Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year.
The executive order on AI safety from the Biden administration has laid out its standards for the industry. However, its vagueness has raised concerns among the AI community over stifling innovation.
Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation.
Deepa Raja Carbon told Cointelegraph that VARA took a collaborative approach by consulting stakeholders, legislators and the general public to develop its virtual asset regulatory guidelines.
The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and crypto exchange operations without a national license, according to reports.
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto.
After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings.
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies.
According to Cointelegraph: The London Stock Exchange Group (LSEG), the parent company to the London Stock Exchange and multiple fintech firms, seeks a director for digital assets according to its LinkedIn job posting. In its quest for the right candidate, LSEG listed several qualifications, including a “passion for and understanding of digital assets, cryptocurrencies, and distributed ledger technology.” According to the job description, the successful candidate will aid the company in developing and implementing a commercial strategy for new infrastructure solutions. The appointee will also help enhance LSEG's position and reach within digital private markets. However, a representative from LSEG told Cointelegraph that they could not provide additional details about this development at this time. This move follows LSEG's earlier announcement about their plan to utilize blockchain technology for the creation of a traditional asset trading platform. Through this venture, they aim to increase the efficiency of holding, purchasing, and selling these assets. Despite LSEG’s interest in blockchain technology, the group's head of capital markets, Murray Roos, clarified that they would not be venturing into cryptocurrency-related projects. This comes amidst increasing regulation in the UK's crypto environment. In October, the UK passed a bill allowing authorities to confiscate Bitcoin used in criminal activities and announced new stablecoin regulations. Furthermore, the country's financial watchdog issued a warning to crypto companies to comply with marketing regulations by January 2024, tightening its oversight of the rapidly growing industry.