The holding company needs access to the FDIC-locked funds in order to pay back its creditors and support its two external operations, says Kleinberg, Kaplan partner, Dov Kleiner.
Crypto Exchange BitMEX’s Acting CEO: We Have Gone Through the ‘Valley of Death’
The trading platform is built for the current market situation and is now reaping those benefits, Stephan Lutz, says.
It’s ‘Critical’ Crypto Innovation Stays in U.S., Former White House Adviser Says
If crypto and financial developments move overseas, it could be a threat to U.S. national security, Carole House, co-author of President Biden’s executive order on crypto, said.
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said.
Former NY Regulator: Crypto Isn’t the Reason Why Signature Bank Was Closed
But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”
Former FDIC Regulator: Friendliness Toward Crypto ‘Does Not Exist’
Jason Brett said despite regulators using the failure of three banks to target crypto, the industry itself is not in a crisis.
Bitfury CEO: U.S. Government Using Crisis to Choke Off Crypto Access to Banks
Brian Brooks, former head of the OCC and now board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing “Operation Choke Point 2.0”
Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says
Should ether be deemed a security at the state level, it may lead to federal laws ultimately being settled in, Pennsylvania State University Dickinson Law Professor Tonya Evans, says.
Silvergate Bank ‘Had to Be Perfect’ but Now Pays a Heavy Price: Strategist
But because they weren’t, the industry now is likely to have a difficult time attracting traditional firms into the crypto banking industry, Jim Bianco, president of Bianco Research LLC, says.
Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers
Craig Salm discusses what scenario is likely to play out for the firm’s ongoing bid to gain approval for its spot Bitcoin ETF following Tuesday’s appeals court hearing.
Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”
21.co CEO Sees ‘No Material’ Impact on Bitcoin Following Silvergate’s SEN Platform Closure
Hany Rashwan, co-founder of the Zug, Switzerland-based ETP provider, says bitcoin’s price is being driven by more macro economic factors, including inflation and East Asian traffic.
Neal Stephenson Says AI-Generated ChatGPT Is ‘Simply Not Interesting’
Author of science-fiction novel “Snow Crash” says the algorithm-based tool falls short of connecting with artists.
Former NBA Player Baron Davis Says Celebs Will Focus More on ‘Utility’ Tokens
Following the SEC’s crackdown on celebrity-endorsed projects, the serial entrepreneur says celebrities jumping into crypto are more likely to focus on their core fan group with a project that provides real utility and reward opportunities.
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
In the interim, if granted the VASP license, the Tron founder says Houbi will launch a new exchange, Huobi Hong Kong, so as to comply with regulators.
Crypto’s Next Move Depends on the Next Fed Rate Hike: Options Trader
Imran Lakha says the crypto market by and large relies on BTC remaining at its $21-$22k threshold, but with macro trends present, the digital asset could trade lower before it rises.
Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
Kim Grauer, the blockchain sleuthing firm’s head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year.
SEC’s Coinbase Insider Trading Case Is ‘Backdoor Rulemaking,’ Trade Association’s CEO Says
The government agency not only “piggybacked” off of the DOJ’s case, but is using it as a way to define some tokens as securities, Perianne Boring, the Chamber of Digital Commerce’s founder, told “First Mover.”
Kraken’s Head of OTC Options Trading: Investors Are Still Interested In Crypto, Staking
Juthica Chou says there is still strong trading interest, despite the SEC’s crackdown on the exchange’s staking-as-a-service platform.
What Coinbase’s Q4 Earnings Mean for Crypto Adoption
Anthony Georgiades, co-founder of Pastel Network, says that the cryptocurrency exchange may be building trust with users and retailers because of its centralized nature, but cautioned that it may simultaneously face headwinds as it comes under the scope of regulatory scrutiny.