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Honduras regulator bans banks from holding, transacting with crypto
The National Banking and Securities Commission of Honduras imposed the ban because of the country’s lack of regulation.
Estonian government will allow extradition of Hashflare defendants
Ivan Turogin and Sergei Potapenko face 18 charges in the United States and long prison terms for allegedly making HashFlare a Ponzi scheme.
Invesco Galaxy, Bitwise, WisdomTree, Fidelity join BTC ETF revision rush
Seven of the 13 applicants for spot Bitcoin ETFs filed revised S-1s with the SEC on the day of the deadline. An official decision is expected by Jan. 9, and trading should begin around Jan. 11. If a launch is approved, issuers may be notified as soon as Jan. 3.
Elon Musk’s xAI files with SEC for private sale of $1B in unregistered securities
“Spicy” AI chatbot Grok hasn’t been seen by the public yet, but it’ll be worth plenty after this securities issue.
Core Scientific explains its latest bankruptcy plan ahead of court date
If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.
Binance settles with U.S. government: Timeline of US enforcement actions
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.
SEC Inspector General says prohibition on crypto ownership hinders agency hiring
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar — lack of legislative clarity, lack of interagency coordination, etc.
SafeMoon executive team charged with multiple fraud counts, arrests made
According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.
Inspector General wants FDIC to refine crypto risk assessment process, guidance
The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found.
Galxe protocol experiences DNS attack, losses top $150K and still growing
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer.
Derek Andersen
Derek Andersen became a business writer after changing his mind about a career in the humanities, and has never looked back. He is excited by cryptocurrency and the future.
