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)
NY DFS Approves Crypto Platform, Prepaid Crypto Card to Launch in Argentina -
According to a press release this week, the New York State Department of Financial Services (NY DFS) has authorized two subsidiaries of Zero...more
8/15/2022
/ Consent Order ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
MasterCard ,
Money Laundering ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Prepaid Payment Products ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency
Bitcoin Network Mining Difficulty Continues Downward Trend Amid Heat Wave -
A recent analysis of Bitcoin mining activity has shown that Bitcoin Network mining difficulty dropped by 5 percent recently, continuing a...more
Foreign Regulators Approve Crypto Platforms; Ethereum Approaching PoS -
According to recent reports, several major cryptocurrency platforms have obtained regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM)...more
7/25/2022
/ CFTC ,
Coinbase ,
Cryptoassets ,
Cryptocurrency ,
Darknet ,
Department of Justice (DOJ) ,
Digital Platforms ,
Ethereum ,
Fraud ,
Ransomware ,
RED List ,
Trading Platforms
Financial Firm Launches Crypto Group, MakerDAO Votes to Integrate with Bank -
A major multinational financial institution recently “announced the formation of its Digital Assets and Financial Markets group.” According to...more
7/11/2022
/ Basel Committee on Banking Supervision (BCBS) ,
Brand ,
CFTC ,
Cryptocurrency ,
Cyber Crimes ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Action Task Force ,
Financial Institutions ,
Fraud ,
Hackers ,
Infringement ,
IP Litigation ,
New Guidance ,
Non-Fungible Tokens (NFTs)
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
New Cryptocurrency Payments Systems, Tokens and Trade Associations Launch -
A leading global cryptocurrency platform has reportedly announced a partnership with a global e-commerce platform that would allow e-commerce...more
6/6/2022
/ Bitcoin ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
European Central Bank ,
Financial Stability Board ,
FinTech ,
Fraud ,
G7 ,
Insider Trading ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Risk Mitigation ,
U.S. Treasury ,
Virtual Currency
A well-known digital currency investment services company announced the launch of its first European exchange-traded fund (ETF), according to a press release this week. The ETF, which will be traded on multiple foreign...more
5/23/2022
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Economic Sanctions ,
Evasion ,
Exchange-Traded Products ,
FinCEN ,
Investment Funds ,
Office of Foreign Assets Control (OFAC) ,
Partnerships ,
Popular ,
Risk Assessment ,
Scams ,
Securities and Exchange Commission (SEC) ,
U.S. Commerce Department
According to reports, a major U.S.-based global investment bank has allowed a borrower to use bitcoin as collateral for a cash loan, for the first time in the bank’s history. In other financial news, according to reports, the...more
5/9/2022
/ Banks ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Collateral ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Priorities ,
Environmental Protection Agency (EPA) ,
FinCEN ,
Fraud ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Patriot Act ,
Retailers ,
Securities and Exchange Commission (SEC)
This week Anchorage Digital, a digital asset platform and infrastructure provider that is also the first federally chartered cryptocurrency bank, announced that it has added custody support for 11 new digital assets....more
4/25/2022
/ Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Cybersecurity Information Sharing Act (CISA) ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Economic Sanctions ,
Hackers ,
Office of Foreign Assets Control (OFAC) ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
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
Traditional Financial Firms Expand Reach into Cryptocurrency Sphere -
Early this week, a major investment bank announced that it plans to launch a digital asset custody platform later this year. This announcement follows...more
3/7/2022
/ Charitable Donations ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Donations ,
Enforcement Actions ,
Enforcement Priorities ,
FATF ,
Non-Fungible Tokens (NFTs) ,
Ponzi Scheme ,
Popular ,
Securities and Exchange Commission (SEC) ,
Ukraine
Reports Address Crypto M&A and Metaverse, New Crypto Products Launch -
A Big Four accounting firm recently released its “2021 Global Cryptocurrency Mergers and Acquisition and Fundraising Report.” Key takeaways from the...more
2/22/2022
/ Acquisitions ,
Capital Raising ,
Corporate Governance ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Enforcement ,
FATF ,
Information Reports ,
Mergers ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury ,
Wash Trades
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)
US Banks Launch New Stablecoin, Data Shows Increasing Interest in Crypto -
In a recent press release, an association of FDIC-insured financial institutions announced the launch of the USDF Consortium (Consortium). The...more
Financial Messaging Network Launches Experiments in Stablecoin Sector - A global messaging network used by financial institutions to send and receive financial information recently announced that it is exploring the tokenized...more
Banks to Use Blockchain for FX Settlement, Avalanche Network Adds USDC - In a recent press release, two major banks announced an agreement to implement a new blockchain-based solution for the netting and settlement of matched...more
US and Swiss Financial Firms Announce Decentralized Exchange, Digital Bond - A major U.S. fintech and digital payments company recently released a white paper detailing tbDEX, a new decentralized protocol for exchanging...more
12/8/2021
/ Banking Sector ,
Banks ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Financial Markets ,
IRS ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Popular ,
Virtual Currency
Raising Municipal Funds and Rewarding Loyalty: New Cryptocurrency Use Cases - Earlier this week, a cryptocurrency nonprofit organization reportedly launched a Bitcoin-based digital asset designed to raise funds for New York...more
New Crypto Payment Products Launch, Report Cites Exchange Consolidation - This week, a major U.S. financial services firm announced its partnership with three leading cryptocurrency service providers in the Asia Pacific...more
Traditional Financial Firms Integrate Crypto Services, CBDC Reports Published - This week a fintech and e-commerce firm announced the integration of its payment gateway with a major U.S. financial services corporation’s new...more
Financial Firms Integrate Crypto Products, New Bitcoin Network Data Published - This week, a large financial services corporation and a digital wallet app company announced a partnership to reduce friction among merchants,...more
Blockchain Payment Pilots Launched by Media, Government and Crypto Firms - A leading social media and technology company recently launched pilots of its crypto wallet, which is intended to allow users to send and receive...more
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