Partnerships
Crime
Ex-Coinbase manager arrested in insider trading case for leaking asset listing details
Based on the ex-Coinbase employee's information, his brother and an associate earned around $1.5 million in profits, the DOJ alleged.
Exchanges
Thai SEC seeks clarification from Zipmex on withdrawal freeze
In a now deleted stated, Zipmex said its exposure to Babel Finance was $48 million while that to Celsius Network was $5 million.
Regulation
Japan’s crypto self-regulatory system reportedly falling apart
The JVCEA has got warnings from the Financial Services Agency for delaying the introduction of anti-money laundering rules.
Exchanges
Crypto exchange Zipmex halts withdrawals citing market volatility
Recent market turmoils and the resulting financial problems of key business partners led Zipmex to halt withdrawals, the firm said.
Legal
South Korean investigators raid 7 local exchanges in Terra probe
The investigation team also raided eight other locations and seized transaction records and other materials.
CBDCs
Private but regulated tokens could beat CBDCs, Australian central bank chief says
The Reserve Bank of Australia governor argued that the private sector is better than central banks at innovating tokens.
Regulation
Senator Elizabeth Warren wants more enforcement from SEC in the crypto space
In the aftermath of major crypto lenders going bankrupt, there's a need for strong investor protection rules, and people are looking to the SEC.
Legal
3AC liquidators are trying to secure Singapore assets of the hedge fund
The 3AC liquidators have hired Singapore-based counsel to persuade the city-state's High Court to recognize the BVI liquidation order.
Investments
VC crypto funding down 25.6% to $9.3B in first half of 2022
The fall in VC investments in crypto startups mirrors the pullback in VC funding across sectors globally, although the number of deals grew.
Regulation
Putin signs law banning crypto-based payments in Russia
The legislation comes after the central bank finally showed signs of support for crypto payments over the last few months.
Partnerships
New York Yankees employees can get partially paid in Bitcoin with NYDIG partnership
As part of NYDIG's Bitcoin Savings Plan, Yankees employees can convert part of their salary to Bitcoin with no fees.
Stablecoins
Principles for Financial Market Infrastructures should be applied to stablecoins: BIS
The transfer function of stablecoins makes stablecoin issuers similar to FMIs and should, therefore, adhere to the PFMI, the report said.