Sanctions Primer: Overview, Types, Governing Authorities, and Regulatory Framework
Crypto businesses are often subjected to overlapping sanctions regimes. We should have an understanding of what sanctions are and what are some of their core compliance principles.
Crypto Tax Startup Koinly Cuts 14% of Staff to Weather Crypto Winter
Crypto tax startup Koinly has cut 14% of its staff, a reduction in headcount CEO Robin Singh attributed to a bear market made worse by the collapse of crypto exchange FTX.
Cawthorn Violated Ethics Rules Around ‘LGB Coin,’ House Ethics Committee Says
The U.S. House of Representatives Ethics Committee has ordered Rep. Madison Cawthorn, R-N.C., to pay more than $15,000 in punitive donations and fines as a result of his violation of congressional and governmental ethics rules around a little-known digital currency.
Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
Rifts have emerged between defaulted crypto trading firm Orthogonal Trading and its own lending unit, Orthogonal Credit, after an <a href="https://www.coindesk.com/markets/2022/12/05/maple-finance-severs-ties-with-orthogonal-trading-alleging-it-misrepresented-financial-position/">apparent default on some $36 million of loans</a> on the blockchain-based lending platform Maple Finance.
UMA Crypto Price Prediction - IMPT Token Stronger Alternative?
UMA crypto has exploded beyond 29.5% over the last 24 hours but is still very much looking bearish on the macro trend.
Hong Kong’s Race To Launch First Crypto-Linked ETF Begins
Three Hong Kong-based asset management firms have applied for exchange-traded funds (ETFs) tracking Bitcoin and Ethereum futures, traded on the Chicago Mercantile Exchange, for retail investors.
UK Crypto Bill To Restrict Services From Abroad: Report
Despite the Conservative Party's rhetorical embracement of crypto under the new Prime Minister Rishi Sunak, the upcoming regulatory framework will reportedly tighten scrutiny over the industry. The legislation updates will broaden the powers of the financial regulator and probably limit foreign companies’ operations in the United Kingdom.
Nexus Mutual Expects $3M Loss From Orthogonal Trading’s M11 Loan Default
Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a loss of roughly $3 million.
Celsius Receives Extension To Submit Chapter 11 Reorganization Plan
Bankrupt crypto lender Celsius received court approval to extend its exclusivity period — the time when it maintains the exclusive right to submit a Chapter 11 reorganization plan — to Feb. 15.
Crypto Capital Reset Underway Following Final Flushout: Glassnode
Crypto markets have been flushed out for what many believe is the final time for this bear cycle.
