Cointelegraph By Turner Wright
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UK gov’t is hiring a central bank digital currency lead for Treasury team
Cointelegraph By Turner Wright - 0
HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound.In a job posted to LinkedIn on Jan. 24, the U.K. Treasury called for a team lead for its Payments and Fintech Team of...
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
Cointelegraph By Turner Wright - 0
The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital.In a Jan. 24 notice, the European Parliament announced the committee had voted overwhelmingly in favor of amendments to its Capital Requirements Regulation...
BlockFi exec argues bankruptcy court should approve bonuses to retain talent
Cointelegraph By Turner Wright - 0
Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.In a Jan. 23 declaration for United State Bankruptcy Court in the District of New Jersey, Crowell said without giving certain financial incentives,...
Europol reports $19.5M in crypto seized in enforcement action against Bitzlato
Cointelegraph By Turner Wright - 0
The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato.In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion...
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
Cointelegraph By Turner Wright - 0
The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets.In a Jan. 20 notice, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance...
debtors face ‘assault by Twitter’ stemming from Sam Bankman-Fried
Cointelegraph By Turner Wright - 0
James Bromley, one of the lawyers representing debtors in FTX’s bankruptcy case, has criticized social media activity against his law firm promulgated by posts from former CEO Sam Bankman-Fried.In a Jan. 20 hearing in the District of Delaware, lawyers spoke on motions dealing with potential conflicts of interest...
Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
Cointelegraph By Turner Wright - 0
The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro.According to a Jan. 18 report from Spain-based news outlet Cinco Días, the Bank of Spain gave the green light...
it took ‘Herculean investigative effort’ to identify $5.5B in liquid assets
Cointelegraph By Turner Wright - 0
The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm.In a Jan. 17 announcement, FTX said it had identified $1.7 billion in cash, $3.5 billion in crypto assets and $0.3...
SEC leaked crypto miners’ personal information during investigation: Report
Cointelegraph By Turner Wright - 0
The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green.According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email addresses in an email communication...
The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying...