Paxos, the firm behind Binance stablecoin has been told by the SEC to stop issuing coin as they shad not registered the coin as a security. #crypto #cryptocurrency #cryptoregulation View Original Post
Ted Dziekanowski should we be concerned given the recent posts that Binance says full audits are some way off? One wonders at what point regulators step in and ask for an independent audit of the books, for regulatory filling purposes.…
The ambiguity of crypto as a regulated financial asset may lead to interesting legal challenges, or not at fault out of court conversations. One suspects the latter. Ted Dziekanowski #crypto #cyrptocurrency #cryptoregulation View Original Post
Will the FTX case open up more reforms for corporate ownership and private placements? As FTX moves through the bankruptcy court one assumes that more information will come out about FTXs corporate failures and the failure of those mature investors…
The Horizon bridge hack was well publicised and one of many the targeted poor quality APIs between exchanges. As its now confirmed by the FBI that Lazarus were behind the $100Mn hack, used to fund the North Korean missile program.…
A great speech by SEC Commissionaire Hester Peirce on crypto issues in 2022, and the need for markets and individuals to better manage risk and controls, along side market regulators such as the SEC. That may give a glimpse of…
FTX: The SEC has charged Samuel Bankman-Fried under the Securities and Exchange Act 1934 and Securities Act 1933, with defrauding investors in FTX trading, the crypto platform he was CEO and co-founder. He raised more than $1.8bn from equity investors…
A damned if you do damned if you don’t moment as the Federal Reserve, Federal Deposit Insurance Corporate and Office of the Comptroller of the Currency have informed covered banking organisations that unmitigated crypto risks do not migrate to the…
Former FTX CEO to appear in a U.S court, as it looks like deals have been struck with former associates. One suspects the term ‘risk management failures’ maybe a gross understatement of the issues FTX found itself. With some making…
One suspects there will be plenty of analysis of crypto over the coming weeks and months. With many lessons to be learnt, lessons that would probably not have been listened to during rise of crypto, filling the market bubble. Raising…
