On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo […]
SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted
United States Securities and Exchange Commission Chair Gary Gensler has again backed a proposed rule that would extend asset custody rules to more cryptocurrencies, saying investors need more protection. The commission’s Investor Advisory Committee has proposed expanding 2009 rule designed to reduce the risk of advisers embarking on Ponzi schemes to all asset classes, including […]
U.K Banks Intensify Crypto Purchasing Limits For Customers
Nationwide Building Society has imposed a daily limit of £5,000 on debit-card purchases of crypto assets. U.K’s largest bank HSBC has banned its customers from purchasing with credit cards. The banks have cited warnings issued by financial regulators as the reason for their decisions. Nationwide Building Society will not allow its customers to send funds […]
Judgment against Dapper Lab, headwind for private blockchain[Column]| coindesk JAPAN | Coindesk Japan
In a 64-page opinion by Judge Victor Marrero of the United States District Court for the Southern District of New York, released February 22, the Howey Test: Is an investment a security? It included a case that will become famous in the future as an application example of the test of whether or not. ‘NBA […]
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets. A Bloomberg report on March 2 claims the step back is a response to warnings by UK regulators and scandals […]
Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets
Three United States senators led by Elizabeth Warren have sent a letter to Binance CEO Changpeng Zhao (CZ) and Binance.US CEO Brian Shroder expressing concern over a number of facets of Binance’s activities and requesting information from the companies that includes their balance sheets. Crypto skeptic Warren’s cosigners were fellow Democrat Chris Van Hollen and […]
Bitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high
Crypto traders’ urge to create leverage positions with Bitcoin (BTC) appears irresistible to many people, but it’s impossible to know if these traders are extreme risk-takers or savvy market makers hedging their positions. The need to maintain hedges holds even if traders rely on leverage merely to reduce their counterparty exposure by maintaining a collateral […]
US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
Two United States senators have penned a letter asking Meta CEO Mark Zuckerberg to halt a plan to allow young adults to access the firm’s metaverse platform, Horizon Worlds. In a March 1 letter, Senators Edward Markey and Richard Blumenthal said that Meta’s reported plan to “invite young users into a digital space rife with […]
FTX News: Bankruptcy Lawyers Locate $2.2 Billion Worth of Crypto Assets In FTX Linked Wallets
FTX News: According to a press release issued by the FTX lawyers, a new observation has surfaced where a severe shortfall has been found in the fiat bank accounts and crypto hot wallets associated with the FTX.com & FTX.US exchanges. But, in the hindsight, roughly $2.2 billion worth of assets have recently been located in […]
U.S. Treasury Introduces CBDC Working Group, Discusses Potential Routes For Digital Dollar
The Treasury’s statements explore the potential forms and implementations of an American CBDC. The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on the “Next Steps to the Future of Money and Payments,” addressing CBDCs and the approach the American government is taking to their potential implementation. The […]