Crypto
Regulation
Kraken to end U.S. staking in $30M SEC settlement
The firm will pay a large penalty and face a permanent injunction.
Bankruptcy
Genesis-backed Coin Cloud files for bankruptcy on its ATM network
The company is the latest cryptocurrency firm to collapse.
Staking
Coinbase CEO says SEC wants to ban retail staking
Brian Armstrong said that his crypto company has heard rumors to that effect.
Legal
Craig Wright loses U.K. case as judge rules Bitcoin file format can’t be copyrighted
Wright won't be able to restrict the operation of Bitcoin and Bitcoin Cash.
Earnings
Robinhood saw crypto transaction revenue fall by 24% in Q4 2022
The trading app company was seemingly affected by the harsh crypto market.
Metaverse
The Sandbox gains 30% following mysterious Saudia Arabia partnership
Saudi Arabia signs agreement with The Sandbox — details unknown, but pumps SAND price roughly 30% towards $1 milestone.
Mining
Hut 8 to merge with rival cryptocurrency mining firm US Bitcoin
The resulting firm will be referred to as "New Hut" or "Hut 8 Corp."
CBDCs
UK says digital pound will not be a crypto as consultation period begins
However, the project's core ledger could be built on blockchain or DLT.
Crime
UN says North Korea stole $630m of crypto last year in lowball estimate
The United Nations (UN) revealed in a confidential report that North Korea stole $630 million last year, according a Reuters article.
Bankruptcy
FTX’s bankruptcy judge is undecided on appointing independent examiner
Judge John Dorsey wants the parties involved to reach an agreement on the matter.
Crime
FBI seizes $260k of assets including ETH, Bored Ape following ZachXBT tip
The agency also seized a Doodles NFT and a luxury watch purchased with crypto.
Bear Market
Filecoin’s Protocol Labs lays off one-fifth of staff
The distributed storage company has let go of 81 employees or 21% of its workforce.