Cathy Wood’s fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller’s report.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of ‘Angels’: CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated.
Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp’s Flagstar Bank, N.A., as of Monday.
U.S. DOJ Was Investigating Signature Bank’s Work With Crypto Clients: Bloomberg
Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg.
ARK Invest’s Coinbase Purchase During Week of Feb 13-17 Totaled 133,321 Shares
ARKK and ARKW bought shares in Coinbase Global Monday and Tuesday, with no activity, buy or sell, the rest of the week.
Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg
Brainard has been leading the U.S Federal Reserve’s work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision.
Cathie Wood’s ARK Invest Buys About $5M of COIN, Continuing Her Dip-Buy Parade
Coinbase shares closed down 11.06% at $33.53 on Thursday.
Ex-FTX Lawyer Cooperated With US Prosecutors, Reuters Reports, Citing Source Familiar
Former FTX lawyer Daniel Friedberg provided information on FTX at a meeting on Nov. 22 with the U.S. Justice Department, FBI and the SEC, the source said.
Crypto Lender Celsius’ Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
Celsius filed a motion in September to return crypto to customers who held assets in such accounts.
Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage’s Bankruptcy
Genesis is in talks with creditors and potential investors, Bloomberg News reports.
Bankrupt BlockFi Sues Sam Bankman-Fried for His Robinhood Shares, FT Reports
SBF, through his Emergent Fidelity Technologies, had pledged his stake in the online trading company as collateral for a loan.
Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M
The bank’s shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law
The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining.
FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange’s Digital Assets
The Bahamas Supreme Court ruled that FTX is responsible for all costs associated with the Securities Commission in keeping FTM assets in commission’s digital wallet; Bloomberg reports that a Bahamas court has agreed to let part of FTX case be handled in U.S.
Founder of Crypto Exchange Thodex to Be Extradited to Turkey From Albania: Report
Faruk Fatih Özer disappeared in 2021, taking funds from 400,000 users. He was arrested in Abania in August this year.
FTX Wins Bid to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy
FTX US’s bid is valued at approximately $1.422 billion, according to a Voyager press release late Monday Eastern time.
Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry
Binance and Busan signed a Memorandum of Understanding (MoU) whereby Binance will provide services and education to support the city’s blockchain development.
Nomad Hacked, $45M Stolen So Far: Report
The cross-chain messaging protocol said it’s aware of the situation and is investigating.
Cathie Wood’s Ark Invest Offloads Over 1.4M Coinbase Shares as COIN Price Falls
Coinbase shares have taken a big hit following a disappointing results report and a report the company is being investigated by the U.S. Securities and Exchange Commission.
Celsius Files for Chapter 11 Bankrupcty
The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a “comprehensive restructuring plan” that benefits all “stakeholders.”