Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating stories that fly under the radar of today’s crypto news.
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legal news
- America Securities and Exchange Commission ,seconds) seeking details about ftx Due diligence of investors, Reuters Reportedciting two sources familiar with the inquiry. The sources said the regulator is asking financial firms what due diligence policies and procedures they have in place, if any, and whether they have chosen to invest in FTX.
- bankrupt crypto lender Celsius Network Co-founder Alex Mashinsky was sued in the US by New York Attorney General Letitia James, alleging Mashinsky defrauded investors out of billions of dollars in digital currency, The Wall Street Journal reported. Reported, The lawsuit alleges that the former chief executive made false statements to investors about the strength of Celsius’ financial position, and then concealed his dire situation after losing hundreds of millions of dollars in risky investments. Mashinsky falsely claimed that Celsius was safer than a bank and only lent assets to trusted entities, the lawsuit said.
regulation news
- European Central Bank ,ECBExecutive Fabio Panetta Told The bank should regulate cryptocurrencies under online gambling laws. “As a form of investment, unbacked cryptos also lack any intrinsic value. They are speculative assets. Investors buy them with the sole purpose of selling them at a higher price. disguised gambling,” Panetta wrote.
exchange news
- timeline for failure mount gox Exchange financial statement registration and repayment have been pushed back by two months. This year the deadline for selection and registration was January 10, “but after obtaining the permission of the court, the resettlement trustee has extended the deadline to March 10, 2023,” Told statement. In addition, it changed the Base Repayment Deadline, Early Lump-Sum Repayment Deadline, and Intermediate Repayment Deadline from July 31 to September 30, 2023, following the change in selection and registration deadlines.
- Huobi plans to lay off about 20% of its workforce, Reuters ReportedQuoting Justin Sun, tron Founder and member of Huobi’s Global Advisory Board. Sun was quoted as saying that “structural adjustments” have not started and are expected to be completed by the first quarter.
- digital currency group (DCG), the crypto company that owns the troubled crypto broker Produce and digital asset manager scalehas stopped HQ DigitalIts Wealth Management Division, Information Reported, citing a memorandum. HQ is yet another collateral damage ftx The blast, according to the memo, and it ceased operations on 2 January.
payment news
- Payment and Rewards Platform Lonia announced to join Visas fintech fast track program, which allows it to accelerate the integration process with Visa and more easily access and leverage Visa’s network and capabilities, Told Press release. Through Ionia’s embedded payment technology, cardholders can spend instant rewards for all or any part of a transaction and spend digital currencies, including cryptocurrency.
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