Banking
BNY Mellon’s crypto custody venture runs afoul of SEC rules
The SEC's accounting rules pose a challenge to BNY Mellon's crypto custody business.
Samuel Wan Recent Articles
Bankruptcy
Galaxy Digital wins bid for GK8 in Celsius bankruptcy asset auction
Galaxy Digital acquires custody solution firm GK8 to sure up its product line up.
Macro
Bitcoin drops 1.4% on better-than-expected US payroll data
The leading cryptocurrency dropped to $16,780 in response to a buoyant labor market stoking inflation risk.
CBDCs
CBDCs: India’s digital rupee falls flat as low volumes blight trial run
Initial reports suggest the e-rupee has failed to catch on among retail users. Worse still, bankers blasted it as an inefficient administrative burden.
Exchanges
Research: Analysis of crypto transaction fees suggests exchanges prefer to move in Bitcoin
Glassnode data on exchange transaction fees revealed almost no activity for In-House exchange transfers on Ethereum.
Bear Market
Shady meme coins blamed for spike in dead crypto projects in 2021
"Meme coin season" is to be blamed for the higher than expected number of dead tokens last year, according to data aggregator CoinGecko.
Research
Research: Bitcoin halving pattern suggests price will cross above higher, realized value
The countdown to the next halving is well over a year away but on-chain analysis suggests the Bitcoin price could revert higher, above its Realized Price.
Regulation
CFTC Chair Rostin Behnam snubs Ethereum, claims only Bitcoin is a commodity
In an apparent U-turn on Ethereum's commodity status, the CFTC Chair said only Bitcoin fits the description of a commodity.
Bear Market
Kraken to layoff 1,100 people to ‘adapt to current market conditions’
The U.S.-based crypto exchange announced it intends to lay off roughly 30% of its staff due to the turbulent market conditions.
Bankruptcy
Insights on Sam Bankman-Fried’s ‘dark’ Republican political donations
YouTuber Coffeezilla gives his take on a Tiffany Fong interview with Sam Bankman-Fried, in which he claimed to be a secret Republican donor.
Adoption
Brazil approves cryptocurrency bill recognizing Bitcoin as a payment method
Brazilian lawmakers took a huge step forward for Bitcoin adoption by approving a framework bill recognizing digital assets as an investment class.
Bankruptcy
Exchanges dismiss rumors of insolvency amid rampant speculation
Insolvency rumors concerning centralized exchanges like Binance, KuCoin, and Nexo persist following BlockFi's Chapter 11 bankruptcy filing on Nov. 28.
Adoption
Texas wants to be the centerpiece of Bitcoin innovation, says Governor Abbott
Texas Governor Greg Abbott says the states is open for Bitcoin business and wants to be the home of digital asset innovation.
