Crypto Has an Incest Problem
Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.
Read MoreFirst Mover Americas: SEC Suing Do Kwon For Misleading Investors
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto
Read MoreUnlike Merge, Ethereum’s Shanghai Upgrade Could Bring Ether Price Volatility
The Merge turned out to be a non-event for the market, with ether’s realized volatility dwindling in four weeks after the event. The impending Shanghai upgrade, however, might inject volatility
Read MoreCelsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
A lack of record-keeping could make it impossible to “fully reconstruct” the bankrupt crypto lender’s intercompany claim, court filings show.
Read MoreNo, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
A tweet suggesting the city will make crypto “fully legal” for all citizens is a misreading of the legislation.
Read MoreBernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat
Some in the industry had expressed concerns that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.
Read MoreCalm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to
Read MoreBlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
Emergent Fidelity case is “futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares.
Read MoreHow Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.
Read MoreJapan Will Launch Pilot for Issuing Digital Yen In April
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank
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