Page 1750 – Stay sly and hodl

UK Man Sentenced to 4-1/2 Years in Jail for Stealing $2.5M in Crypto

Wybbo Wirsma, a Dutch native who lived in the U.K., was under investigation for five years until he pleaded guilty in an Oxford court on Thursday.

Custodia Bank Denied Federal Reserve System Membership

The Federal Reserve Board has denied Custodia Bank’s application for membership, claiming the crypto-focused institution’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”

Crypto Custodian Prime Trust to Cease Operations in Texas at End of January

The firm withdrew its Texas Money Transmitter License application but says it intends to reapply “swiftly.”

First Mover Americas: Aptos’ Token Surges to Record High

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

Crypto Exchange BIT Expands Product Suite With Toncoin Options

The decision to introduce the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.

Web3 Infrastructure Startup Spatial Labs Raises $10M

Blockchain Capital led the round for consumer goods-focused company.

Crypto Thaw May Be Premature but Advisors Should Prepare for Winter’s End

When crypto winter ends and investment activity blossoms once again in the digital assets space, financial advisors should be prepared to hear a new litany of questions from clients about

Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram

200 million users will now be able to display Conflux NFTs on their Little Red Book profile pages.

Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says

A surge in daily addresses was partly due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram.

Chalk and Cheese: When Crypto Assets Meet the Securities Laws

It’s difficult to pinpoint how a majority of crypto assets can practically function without radically reimaging the current set of securities laws, Lewis Cohen, co-founder of DLx Law, writes.