The legislation will be introduced in the House by Rep. Byron Donalds (R-Fla), the report said.
SEC to Make it Harder for Hedge Funds to Work With Crypto Firms: Bloomberg
The rule change would make it harder for crypto firms to become “qualified custodians,” according to the report.
Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP.
Binance Will Allow Institutional Investors to Keep Collateral Off the Exchange: Bloomberg
Institutional investors can post collateral off the grid with Binance Custody, the report said.
Crypto.com Cuts Workforce by Nearly 20%
The firm is the latest among the major crypto firms to announce layoffs.
Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT
As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.
Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
The crypto-focussed bank is writing off its acquisition of Diem’s assets.
Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges
The settlement will also require Coinbase to invest $50 million to bolster its compliance program.
Binance.US Agrees to Buy Voyager’s Assets for $1.02B
The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager’s assets.
Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg
The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021.
Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto Winter
The job cuts would equate to a reduction of almost 45% of Swyftx’s workforce.
Binance Allocates Another $1B for Its Crypto Recovery Fund
Other prominent crypto players, including Aptos Labs and Jump Crypto, have also joined Binance’s initiative.
Singapore Starts Fraud Investigation In to Crypto Exchange Hodlnaut: Reports
The police are reportedly looking into allegations of cheating and fraud by the company and its directors.
Ethereum Software Firm ConsenSys Reveals it Collects User Data
The firm said when using Infura as an RPC on MetaMask, a user’s IP address and wallet address information would also be collected.
Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion
The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year.
Crypto Lender Vauld Receives Creditor Protection Extension
The firm now has till 20 January 2023 to work on a restructuring plan.
FTX hará una recaudación de fondos la próxima semana
Lo recaudado podría ser destinado a FTX International y FTX US.
Binance publica direcciones de billeteras con US$69.000M en reservas cripto
El exchange dijo que mostrará sus pruebas de fondos en las próximas semanas.
FTX to Conduct Fundraise Next Week: Reuters
The raise could end up being for FTX International and FTX US combined.
Michael Novogratz Tells CNBC He Does Not Expect to Recover $77M Exposure Linked to FTX
The comments come a day after the firm revealed the exposure in its quarterly earnings.