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Weekly News

CFTC brings $1.7B fraud case involving Bitcoin against South African national

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC. The United States Commodity Futures Trading Commission, or CFTC, has…

Continue ReadingCFTC brings $1.7B fraud case involving Bitcoin against South African national

Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets. In its latest financial stability…

Continue ReadingReserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization. The Financial Action Task Force…

Continue ReadingReporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment…

Continue ReadingBasel Committee wants to limit banks’ digital asset exposure to just 1% of equity

Bitcoin nears worst monthly losses since 2011 with BTC price at $19K

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000. Bitcoin (BTC) drifted further downhill into the June 30…

Continue ReadingBitcoin nears worst monthly losses since 2011 with BTC price at $19K

OP Crypto launches $100M fund to back early-stage crypto VCs

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

Targeting a hard cap of $100 million, the OP FoF I fund is expected to close by the end of Q3, OP Crypto’s chief operating officer Lucas He said. OP…

Continue ReadingOP Crypto launches $100M fund to back early-stage crypto VCs

Integrating blockchain-based digital IDs into daily life

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

Blockchain tech is pushing the boundaries of ID management as governments look for scalable solutions that promote privacy, control and decentralized data management. The last 13 years have seen blockchain…

Continue ReadingIntegrating blockchain-based digital IDs into daily life
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