digital assets

Sam Bankman-Fried Allegedly Planned to Restart FTX Abroad
Sam Bankman-Fried Allegedly Planned to Restart FTX Abroad
January 31, 2023  |  Cryptocurrency

FTX Co-founder Gary Wang said Sam Bankman-Fried wanted to transfer funds and restart FTX abroad. That’s according to a filing made Monday (Jan. 30) by the...

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Amazon Enters Web3 Jungle With NFT Initiative Launching This Spring
Amazon Enters Web3 Jungle With NFT Initiative Launching This Spring
January 26, 2023  |  NFTs

Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks...

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Moody’s Is Working on Scoring System for Crypto Stablecoins
Moody’s Is Working on Scoring System for Crypto Stablecoins
January 26, 2023  |  Cryptocurrency

Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze...

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Crypto Noise Puts Further Focus on Binance’s Operations
Crypto Noise Puts Further Focus on Binance’s Operations
January 25, 2023  |  Cryptocurrency

Regulatory scrutiny post-FTX’s dramatic implosion has prompted a crisis of confidence in other industry actors. Perhaps no other firm has bee affected more so than...

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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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