Depositors in Maple Finance Faces $54M Debt Default, Exposing the Vulnerability of Uncollateralized Crypto Lending
Michael ScottThe largest platform for unsecured lending is confronting a debt default crisis set to plunge its depositors into huge losses.…
3Commas Dismisses Claims that Staff Leaked API Keys
Crypto trading company 3Commas rejected speculations that its employees stole and leaked the API keys to users' accounts. 3Commas response…
Former Alameda Research Chief Executive Caroline Ellison Engages SEC’s Former Enforcement Officer
The embattled Caroline Ellison has indicated engaging former SEC staff Stephanie Avakian, who oversaw notable enforcement in past crypto cases.…
FTX-Japan Granted 3 Months to Cease Operations
Japanese authorities announced a new deadline for FTX - Japan to cease operating in the country. The Japanese subsidiary of…
Coinbase Waives Conversion Fees for Users Swapping USDT for USDC
Coinbase crypto exchange announced a new campaign to forego imposing conversion fees for stablecoin users switching USDT for Circle-owned USD…
UK Financial Reforms Retains Crypto Tax Breaks
The UK's government commitment to converting the country to a global crypto hub was evident as Prime Minister Rishi Sunak…
Amber Group Terminates Chelsea FC Sponsorship, Announces 40% Job Cuts
Amber Group announced downsizing its staff by 40%, ending Chelsea FC sponsorship and terminating retail operations, citing FTX fallout. The…
SEC Pens Letter Demanding Updated Disclosures from Companies Amidst Disruptive Crypto Markets
SEC penned a letter to all public companies directing them to update disclosure obligations. Besides, the letter urges public companies…
BlockFi Gagged Employees against Disclosing Risks of Concentrated Borrower Pools
The ongoing bankruptcy proceedings in the New Jersey District court revealed BlockFi discouraged employees from describing the risks of concentrated…
EU Levels Tax Reporting Requirements for Crypto Firms
The EU's new directive aims to create uniform tax reporting guidelines for all crypto operators. Standardized tax reporting will apply…
Intercontinental Exchange CEO Supports Senator Elizabeth Warren’s Bill to Regulate Cryptos as Securities
Intercontinental Exchange Inc (ICE) chief executive Jeffrey Sprecher supported Senator Elizabeth Warren's bill that proposes sweeping powers for SEC oversight…
Aave Companies Nets Metaverse Developer Sonar
Aave Companies confirmed the purchase of Sonar- a metaverse developer that allows players to interact with user-created spaces via non-fungible…
ASIC Reveals How FTX Bypassed Full Checks to Acquire Aussie License
The Australian Securities and Investments Commission (ASIC) chair Joseph Longo, demonstrated the need to seal regulatory loopholes exploited by the…
Nexo Quits US, Cites Absence of Regulatory Clarity
Nexo, a crypto lending platform, announced its US exit citing the absence of regulatory clarity. Nexo's official communication on December…