Crypto Products Launch, Reports Detail CBDC Pilots and Bank Crypto Exposure -
Last week, Circle Internet Financial, the issuer of USD Coin (USDC), announced plans “to make USDC available on five additional blockchain...more
10/10/2022
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Corporate Bonds ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Fraud ,
FSOC ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury
Exchange Reaches Agreement to Sell Assets; New Crypto Products Launch -
In a press release this week, Voyager Digital, a cryptocurrency exchange that recently filed for Chapter 11 bankruptcy, announced that it selected the...more
10/3/2022
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
FinTech ,
Fraud ,
IRS ,
John Doe Investigation ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Scams ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
UK
Non-Fungible Marketing: Brands Continue to Launch NFTs -
A South Korean technology company has reportedly launched a weeklong promotion in the metaverse. According to reports, the virtual events occurred across multiple...more
9/26/2022
/ AML/CFT ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Fraud ,
Hackers ,
Information Reports ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
Ethereum Network Completes Transition to Proof of Stake Consensus -
After years of development and delays, Ethereum’s long-awaited “merge” occurred this week, changing the network’s consensus mechanism from proof-of-work...more
9/19/2022
/ Biden Administration ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
Ethereum ,
Executive Orders ,
Impact Assessments ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Ponzi Scheme ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC)
NFTs Expand on Social Media, Celebrity NFT Endorsements Scrutinized -
According to reports, one of the world’s largest social media platforms recently expanded its NFT (non-fungible token) initiative, allowing users in...more
8/22/2022
/ Banking Sector ,
Celebrity Endorsements ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Endorsements ,
Enforcement Actions ,
Fraud ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Money Laundering ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Tax Evasion
Firms Announce New Crypto Initiatives; Data Published on Crypto and NFT Use -
Late last week, a major U.S. cryptocurrency custodian announced “a groundbreaking, industry-first custody exchange network giving institutions...more
6/20/2022
/ Australia ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
FinTech ,
First Amendment ,
Fourth Amendment ,
Non-Fungible Tokens (NFTs) ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins
BIS Releases Survey on CBDC Initiatives; New Crypto Products Launch -
The Bank for International Settlements (BIS) recently released the results of its 2021 survey of central bank digital currencies (CBDCs). According to...more
5/16/2022
/ Casinos ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Exchange-Traded Products ,
Korea ,
Metaverse ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Security Risk Assessments ,
Stablecoins
Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining -
Late last week, the issuer of USD Coin (USDC) announced that it had selected a major U.S. bank as a primary custodian for USDC reserves....more
4/11/2022
/ Bitcoin ,
Bitcoin Mining ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Distributed Ledger Technology (DLT) ,
Economic Sanctions ,
HM Treasury ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Legislation ,
Russia ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
UK ,
Ukraine ,
United Nations
U.S. Bank Seeks to Launch Stablecoin; New Crypto Payments Data Released -
A well-known digital payments consortium sold its technology platform this week to a U.S.-based bank known for its cryptocurrency-related offerings....more
2/7/2022
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Cyber Attacks ,
Decentralized Finance (DeFi) ,
ETFs ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinTech ,
Hackers ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Wash Trades
Crypto Payments Consortium Sells Assets; Other Crypto Firms Make Moves -
A well-known digital payments consortium announced this week that it will sell its blockchain-based technology to a large cryptocurrency-focused U.S....more
1/31/2022
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Criminal Prosecution ,
Cryptocurrency ,
Department of Justice (DOJ) ,
FinTech ,
GAAP ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC)
Crypto Products Launch in Payments, ETFs, DeFi; Bitcoin Mining Data Published - This week, a digital asset marketplace announced a partnership with a major multinational technology company specializing in Internet and...more
CBDC Initiatives Announced, Blockchain Trade Finance Platform Launches - This week, the Bank for International Settlements (BIS) announced Project Dunbar, an initiative in which BIS will collaborate with the Reserve Bank of...more
9/7/2021
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
Fraud ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
US Stablecoin Issuers Publish New Details on US Dollar Reserves - This week, Circle, the issuer of USDC – a cryptocurrency “stablecoin” with each unit backed 1:1 by U.S. dollars – published its latest reserve attestation...more
NFT Initiatives Continue, Cryptocurrency Advertising Restrictions Ease - In New Dehli, a blockchain-powered platform is hosting an exhibition displaying 27 art pieces by Bengal-born artist Lalu Prasad Shaw. According to a...more
Reports Address CBDCs and Security Tokens, Banks Launch Crypto Initiatives - A recent report released by the Bank for International Settlements (BIS) analyzes results from a survey of 50 central banks in the first quarter of...more
6/21/2021
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
Fraud ,
Initial Coin Offering (ICOs) ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
Crypto Investment and Payments Products Launch, Payment Data Published - Last week Securitize announced the launch of Securitize Capital, which will serve as an investment manager of digital asset funds for institutional and...more
6/7/2021
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Services Industry ,
FinCEN ,
Investors ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Reports Analyze Bitcoin Price Crash and Network Energy Consumption - A well-known blockchain analytics company has issued a report commenting on this week’s crash of the prices of cryptocurrency, including bitcoin. The report...more
Cryptocurrency Exchanges Forge New Paths, Bitcoin ETF Applications Continue - This week one of the largest U.S. cryptocurrency exchanges, Coinbase, completed its initial public offering through a direct listing of its shares...more
4/19/2021
/ Bitcoin ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
ETFs ,
European Central Bank ,
Fraud ,
Hackers ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Safe Harbors ,
Securities and Exchange Commission (SEC)
US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products - A major U.S. financial services corporation announced this week that it would begin to settle transactions over the Ethereum Network in USD Coin...more
4/5/2021
/ Bitcoin ,
Broker-Dealer ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
Financial Services Industry ,
FinCEN ,
Fraud ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Crypto Firms Expand CBDC and Custody Initiatives, GSA Auctions Bitcoin - Ripple Labs recently released a white paper describing its XRP cryptocurrency as a way to link different central bank digital currencies (CBDCs). The...more
3/29/2021
/ Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
ETFs ,
Financial Markets ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Bahamas CBDC Integrates with Prepaid Card, Bitcoin Donation Data Published - A major U.S. financial services firm recently announced a collaboration with the Central Bank of The Bahamas to launch a new prepaid card to...more
Cryptocurrency Exchanges and Financial Firms Announce Market Developments. Last week, Coinbase signified its intent to become a publicly traded company by announcing a proposed direct listing of its Class A common stock under...more
Exchanges and Banks Expand Cryptocurrency Services and Products - A major U.S. cryptocurrency exchange recently announced the launch of its asset hub. The initiative is intended to “streamline the asset listing process … and...more
Crypto Trust to Convert to Bank, FinCEN Extends New Rule Comment - The Anchorage Trust Company, a subsidiary of Anchor Labs, an advanced digital asset platform (Anchorage), secured conditional approval this week from the...more
Credit Card Company To Integrate USDC Payments, 401(k) Advisor Integrates Bitcoin - A major U.S. credit card company has announced plans to link its global payments network of over 60 million merchants to a cryptocurrency...more
12/7/2020
/ 401k ,
Bitcoin ,
Blockchain ,
Credit Cards ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinHub ,
Initial Public Offering (IPO) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency