Celsius Must Return $44 Million in Crypto Back to Users, Judge Orders
Crypto lender Celsius Network must return around $44 million worth of crypto back to customers, even if it didn't enter Celsius's interest-bearing accounts.
Crypto Market Fumbles As Vladimir Putin Says “Risk of Nuclear War Rising”
In a televised Human Rights Council meeting on Wednesday, Russian President Vladimir Putin provided a comprehensive public war update. The President further states that the risk of a nuclear war is rising, and insisted that Russia had not “gone mad”, instead it sees its own nuclear arsenal as a purely defensive measure.
Mastercard Executive Sees FTX’s Collapse as an Opportunity for Crypto to Reset
The Mastercard executive opined that FTX’s collapse and the aftermath is an opportunity for the crypto industry to readjust.
How Financial Hitmen Infiltrate Crypto and Obstruct Global Adoption
Anyone getting close to executive levels of banks can taste the venom in their words and smell the sulfur in the room.
Canada’s Biggest Pension Fund CPPI Dropped Its Crypto Investment Plan Amid Unstable Markets
Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to <a href="https://www.reuters.com/business/canadas-biggest-pension-plan-cppi-ends-crypto-investment-pursuit-sources-2022-12-07/">Reuters sources</a>.
Signature Bank Adopts Per-Client Deposit Caps to Reduce Concentration of Crypto Deposits
Signature Bank, in an email to clients from group director Joseph Seibert obtained by The Block, said it would adopt a per-client deposit cap of at most 2% of total bank deposits.
Crypto Consumer Protection, Proof of Reserves Bills Introduced Into US Congress
United States Congressman Ritchie Torre introduced the bills, which have the titles of “Crypto Consumer Investor Protection Act’’ and “Crypto Exchange Disclosure Act,’’ on Dec. 1. The bills are very short. In copies obtained from Torres’ office, the body of the first bill, introduced as H.R. 9241, reads: “A cryptocurrency exchange may not lend, leverage, or co-mingle the funds of a customer without the consent of such customer.”
ECB Official Proposes Ban on Tokens With an ‘Excessive Ecological Footprint’
Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.
Canadian Pension Fund Ends Crypto Research Effort: Reuters
Canadian pension plan CPP Investments has ended an effort to study crypto investment opportunities, Reuters reported, citing sources.
Institutional Investors Still Eye Crypto Despite the FTX Collapse
The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy.
