The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
Anchorage Digital opens up DeFi voting for custody clients
Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.
US Justice Department on the hunt for DeFi hackers and thieves: Report
The U.S. Justice Department’s top crypto cop said that it was a “pretty significant issue,” given the rise of North Korean “state-sponsored hackers.”
OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding: Report
“Existing and new investors” will contribute to the $100 million, according to someone familiar with the situation.
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States Congressional Budget Office (CBO) has predicted that the U.S government’s annual deficits will “nearly double over the next decade.”
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty.
‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation
JPMorgan CEO says the Fed should be less focused on adding more rules and regulations for banks and more on fixing the banking crisis.
Bear market pushes crypto events to cut fluff, prioritize discourse
“Huge DJs” no longer appear at crypto events, instead, attendees are seeing more “well thought out, intelligent questions” being asked.
Deloitte integrates blockchain for digital credentials
The credentials will “have multiple use cases” including regulatory compliance for banking and Decentralized Finance (DeFi), age verification for e-commerce, private logins and fundraising.
Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto onramp
Web3 companies can utilize the Stripe-hosted fiat-to-crypto onramp to allow their customers to buy crypto at the “precise moment they need it.”
Crypto influencer named in FTX lawsuit served via tweet
A law firm backing an FTX investor lawsuit served a crypto influencer in a tweet.
First Republic’s crisis is not an isolated incident – suggests JPMorgan exec
The CIO of JPMorgan Asset Management said it’d be “naive to say that this is just limited to First Republic.”
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.
UK Treasury seeks input on taxing DeFi staking and lending
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.
NFT markets are out of balance with sellers dominating
In April there hasn’t been a single day where total sellers on the market haven’t exceeded total buyers.
Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed’s money market.
WEF’s promo video shows Bitcoin mining, but leaves out the B-word
The video showed multiple scenes depicting rows of what appears to be Bitcoin mining rigs, but the cryptocurrency never got a mention.
Biden’s comms director barred from former crypto clients: Report
Decentralized exchange UniSwap and venture capital firm Andressen Horowitz were revealed as former clients of LaBolt in a recently published public financial disclosure report.
SBF’s lawyers unable to tap his parent’s phones to meet bail conditions
The new cell phones purchased for Bankman-Fried’s parents cannot “automatically photograph the device’s users every five minutes as required by the Order,” according to a recent court filing.
Gemini flags ‘big plans’ for Asia with India hub and regional CEO
The exchange reports its new Indian engineering hub will be second in size behind its hub in the United States.