BUSINESS
Australia's Government is Bolstering Its Market Regulator's Digital Asset
The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.
CryptoZoo, Logan Paul Sued for $5M Over his allegations
A class action complaint alleges Crypto Zoo, Logan Paul, and other executives "fraudulently" retained consumer monies and failed to fulfil promised advantages.
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate's Alameda accounts.
Indonesia's Ministry of Trade is reportedly aiming to roll out a national crypto exchange
Indonesian Trade Minister Zulkifli Hasan has set a June 2023 start date for its crypto exchange.
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018.
HSBC is looking for a top executive to work with asset tokenization
The Tokenisation Director would "create and execute" a worldwide tokenization proposal.
Reliance Retail accept digital rupee at one store
Reliance Retail has pledged to assist India's CBDC throughout its companies.
Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering
On Jan. 18, 2023, police enforcement closed Bitzlato.
Kraken Closes Abu Dhabi Office
Less than a year after receiving regulatory licence to operate in Abu Dhabi's international financial hub and worldwide market, Kraken is departing.
Local Officials Set Ambitious Targets for Digital Yuan Transactions
In 2022, the e-CNY processed $50.5 billion in municipal transactions.
Randall Crater, Founder of "My Big Coin" Sentenced
A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.
Celsius' Official Creditor Committee Denies Rejected Bids
Celsius Official Committee of Unsecured Creditors attorneys have criticised crypto blogger Tiffany Fong for releasing information about prospective Celsius offers, saying it would hurt negotiations.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Tether Denies Receiving Any Loans From Celsius
Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.