UAE introduces new reporting requirements to counter crypto real estate money laundering
The new rules requires all real estate agents, brokers, and law firms to report all property transactions involving virtual assets.
Pictet Group tells private banks to stay away from crypto
Pictet's Asia arm CEO Tee Fong Seng said that though cryptocurrencies have potential, now is not the right time for private banks to invest.
Virginia pension funds invest in crypto yield farming despite recent turmoil
Despite the recent liquidity crisis among several crypto lenders, the Fairfax county pension funds expect to earn "attractive yields."
US Senate introduces bill to put CFTC in charge of regulating Bitcoin, Ethereum
The bill would give the CFTC "exclusive jurisdiction" over all cryptocurrencies that fall under the definition of "digital commodities."
Riot Blockchain Bitcoin production drops 28% YOY in July; offsets energy costs by curtailing some operations
Riot Blockchain mined around 28% less Bitcoins in July 2022 compared to July 2021 but gained an estimated $9.5 million in power credits.
Zipmex aims to slowly reinstate withdrawals of certain altcoins
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
Billionaire Steven Cohen exits investment in quantitative trading startup Radkl
Radkl has seen a slew of key figures depart this year, including four managing directors, but the startup said it continues to grow rapidly.
US Women’s Soccer League sponsorship funds from Voyager in jeopardy after bankruptcy
The league received the promised cash payout but the crypto promised to players were never paid, although player salaries remain unaffected.
UK introduces new rules for promotion of high-risk assets; crypto in the crosshairs
The FCA chalked out tougher rules for the marketing of high-risk investment products and is waiting for the passing of legislation to see how crypto promotions come under its purview.
Poloniex launches new trading system focused on speed, stability and usability
The new trading system improves the exchange's scalability, allowing it to better tackle traffic upticks, the exchange said.
Vauld gets three-month moratorium from Singapore High Court for protection against creditors
The court has asked Vauld to share cash flow and management of accounts details with creditors within two and eight weeks respectively.
Metaverse branding’s success depends on its underlying purpose
The growing popularity of the metaverse is driving brands from across sectors to build a presence in the space.
Babel lost over $280M trading with customer funds; wants to raise up to $300M
Babel's restructuring proposal showed the proprietary trading team failed to hedge risks and operated without supervision or a trading cap.
U.S. Senator seeks safeguards disclosures from Apple, Google amid rise in fake crypto apps
Senator Brown asked the companies to provide details about their app store safeguards to thwart fake crypto apps amid rising scams.
England Law Commission recommends reforming property laws for digital assets
The Commission proposes creating a new category of "data objects" to ensure that private property laws can be applied to digital assets.
South Korean officials conclude week-long raid in Terra-LUNA case
The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.
El Salvador seeks to buy back $1.6B of debt to quell default fears
President Nayib Bukele said the country will repurchase all sovereign bonds maturing between 2023 and 2025 at market prices.
Stablecoin supply saw the largest quarterly contraction in history in Q2
The downturn was triggered by the collapse of TerraUSD in May, which paved the way for market share growth of fiat-backed stablecoins.