Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional $100,000 in certain sanctions compliance controls.
FTX’s LedgerX To Free Up $175 Million for Use in Bankruptcy Proceedings: Bloomberg
LedgerX, FTX Group's solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg reported Wednesday, citing people with knowledge of the matter.
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks
The Reserve Bank of India (RBI) announced Tuesday that “the first pilot for retail digital rupee (e₹-R)” will launch on Dec. 1. This announcement followed the RBI’s wholesale central bank digital currency (CBDC) pilot which began on Nov. 1.
Bankman-Fried on the Hook in Texas, Called To Appear at Feb. Hearing
Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.
Blockchain-Based Supply Chain Platform Canned by IBM and Maersk
United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.
Swiss Crypto Bank SEBA Bank Expands to Hong Kong
Swiss crypto bank SEBA Bank announced on Wednesday the opening of its Hong Kong office to serve global institutional clients as part of its Asia-Pacific expansion.
Indian Top Exchange Lists Shiba Inu Ecosystem Token ‘BONE’
India’s leading digital assets exchange, SunCrypto added support for Shiba Inu’s Governance token Bone ShibaSwap (BONE).
Blessings in Disguise Amid the Crypto Uncertainty & Altcoins Backing Up for Bitcoin
The fallout of FTX has not been just the inspiration behind the clickbait titles in newspapers.
Strategic Risk Associates Raises $12M IN Series B Funding Led BY EJF Capital, Jam Fintop and Fintop Capital
Strategic Risk Associates (SRA), a leading provider of integrated risk and performance management SaaS technology (WatchtowerTM) for the Financial Services and Insurance Industry, today announced the closing of a $12 Million Series B capital raise. This round of funding was co-led by EJF Capital (“EJF”), through its affiliate the EJF Silvergate Ventures fund, JAM FINTOP, and FINTOP Capital, with participation by longtime SRA customer Atlantic Union Bankshares Corporation, and other existing investors. (Financialit)
Digital Currency Group Receives Offers to Buy CoinDesk: Report
CoinDesk, an online cryptocurrency news site, has attracted potential buyers to take over the media outlet from Digital Currency Group amid market turmoil, Semafor reported on Wednesday Asia time, citing sources familiar with the matter. On Nov. 2, CoinDesk revealed that FTX’s sister company Alameda Research might have solvency issues, which sparked the FTX implosion and an industry-wide contagion. (forkast)
