digital assets

Binance Changing Procedures to Keep Collateral and Customer Assets Separate
Binance Changing Procedures to Keep Collateral and Customer Assets Separate
January 24, 2023  |  Cryptocurrency

Binance reportedly mistakenly kept collateral for tokens in the same wallet as customer assets. Bloomberg reported Tuesday (Jan. 24) that reserves for about half of...

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NY Regulator Warns Firms to Keep Customer Crypto Assets Separated
NY Regulator Warns Firms to Keep Customer Crypto Assets Separated
January 23, 2023  |  Regulation

New York’s financial watchdog is cautioning firms to segregate customers’ cryptocurrency assets from their own. The New York State Department of Financial Services (NYDFS) issued that warning Monday (Jan....

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Barry Silbert’s DCG Crisis Over Who Owes What Complicated by Who Owns What
Barry Silbert’s DCG Crisis Over Who Owes What Complicated by Who Owns What
January 19, 2023  |  Cryptocurrency

It’s hard to tell who is faring worse, Barry Silbert, or his stable of companies. The one-time paper billionaire’s wealth has cratered to the mere...

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Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
January 18, 2023  |  Cryptocurrency

Cryptocurrency lender Genesis Global Capital reportedly could file for bankruptcy this week. Bloomberg reported Wednesday (Jan. 18) that the unit of Digital Currency Group (DCG)...

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Crypto Industry Continues Balancing Contagion With Cleanup Post-FTX
Crypto Industry Continues Balancing Contagion With Cleanup Post-FTX
January 18, 2023  |  Cryptocurrency

Crypto continues battling through a historic shock to its system, while industry lessons accumulate. In just the past two weeks alone, bitcoin (BTC) has risen...

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Portugal’s Bison Bank, Sygnum Launch Fully Regulated B2B Crypto Offering
Portugal’s Bison Bank, Sygnum Launch Fully Regulated B2B Crypto Offering
January 17, 2023  |  Cryptocurrency

Portuguese regulators have granted the country’s first central bank-issued crypto license to Bison Bank. That’s according to a company press release published Tuesday (Jan. 17)...

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Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
January 15, 2023  |  Politics

House Republicans are set to take a closer look at FinTechs and digital assets. Rep. Patrick McHenry, the new chair of the House Financial Services...

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As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
January 10, 2023  |  Bitcoin

As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency,...

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FTX: Bahamas Seized Digital Assets Without Authorization
FTX: Bahamas Seized Digital Assets Without Authorization
January 02, 2023  |  Cryptocurrency

FTX claimed the Securities Commission of The Bahamas seized its digital assets without authorization.  The firm and its affiliated debtors — together referred to as...

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