Crypto / Digital Assets

Crypto / Digital Assets

Korean Prosecutors Seize Records from Upbit, Bithumb

By Editors | 16/05/2023

The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.

Crypto / Digital Assets

Tether’s Excess Stablecoin Reserves Reach All-time High

By Editors | 15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Capital / Liquidity

G7 Leaders Pledge to Maintain Resilience of Global Financial System

By Editors | 15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Crypto / Digital Assets

AIMA Publishes New Guide on Digital Asset Trading

By Editors | 15/05/2023

The guide provides an overview of the digital asset trading ecosystem and highlights key risk management considerations for institutional investors.

Crypto / Digital Assets

Creditors of Bankrupt Crypto Firm QuadrigaCX to Get Payout

By Mark Johnston | 15/05/2023

The payout amounts to about 13 percent of the value of creditor claims filed against QuadrigaCX, which was found to be a Ponzi scheme and a fraud.

Enforcement

Lawsuit Alleges Jump Trading Manipulated TerraUSD Stablecoin

By Mark Johnston | 15/05/2023

Illinois lawsuit accuses high-frequency crypto trading firm Jump Trading manipulated TerraUSD stablecoin.

Crypto / Digital Assets

Jane Street, Jump Crypto to Scale Down US Crypto Business

By Editors | 13/05/2023

Jane Street Group and Jump Crypto are the latest firms to scale down US operations, citing regulatory uncertainty.

Crypto / Digital Assets

StanChart to Launch Digital Asset Custody Services from Dubai

By Editors | 13/05/2023

The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.

Crypto / Digital Assets

BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

By Editors | 12/05/2023

The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.