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FTX Has Recovered Over $5B in Cash and Liquid Assets, Say Bankruptcy Attorney
The attorney also stated that the $5 billion assets discovered do not include the $425 million cryptocurrency in possession of the Securities Commission of the Bahamas.
Five Associations Form Alliance to Regulate UK’s Crypto Future
The UK government aims to turn the country into a crypto hub. The group will support the plan and facilitate cooperation between the UK’s existing financial services and crypto industries.
Metropolitan Commercial Bank Winds Down Its Cryptocurrency Service
The holding company for New York-based Metropolitan Commercial Bank (MCB), Metropolitan Bank Holding Corp., has stated that it will shut down its cryptocurrency subsidiary due to the recent development in the crypto sector.
Indian Crypto Exchanges Lost Billions in Trading Volumes Since Tax Structure: Report
On February 1, 2022, the Indian government announced a 30% tax on profits made from crypto trading, which became effective on April 1, 2022.
Mt. Gox Moves Repayment Registration Deadline to March 10
Nobuaki Kobayashi, the Rehabilitation Trustee for Mt. Gox, stated in an announcement dated January 6 that creditors of the exchange can continue to register on the designated platform and qualify to receive their money back.
Crypto Exchange Gate.io Reportedly Lays Off 40% — 50% of its Workforce
Rumours have emerged that Gate.io has started staff layoffs that could affect 40% to 50% of its workforce.
U.S. SEC Objects to Voyager-Binance.US $1 Billion Deal
The United States Securities and Exchange Commission (SEC) has filed a limited objection to the Voyager-Binance.US $1 billion deal.
Animoca Brands Halves Fundraising Target for the 2023 Web3 and Metaverse Fund to $1 billion
Animoca, one of the most prominent investors in Web3, keeps pushing the sector and plans to launch a new Web3 and Metaverse fund valued at $1 billion, halving their previous expectations.
US Federal Reserve, FDIC and OCC Warn Banking Organizations About Crypto Risks
The Federal Reserve, FDIC and OCC have warned banks in the United States on ‘key risks associated with crypto assets and crypto asset sector participants.’
UK National Crime Agency Is Launching a Specialised Crypto Team to Fight Cybercrime and Fraud
Planning to eradicate what the U.K. government call “dirty money”, the National Crime Agencies (NCA) cyber-focused command, the National Cyber Crime Unit (NCCU), announced they are launching a specialised team to increase their police investigating crypto-related crimes and frauds.
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