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Latest Results from /crypto

/crypto

Terraform and CEO Do Kwon charged with fraud by SEC

The Securities and Exchange Commission (SEC) has charged cryptocurrency firm Terraform Labs and its CEO, Do Kwon, with orchestrating a multi-billion dollar crypto fraud scheme.

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FSB steps up investigation into DeFi risks

The Financial Stability Board is stepping up its investigation into the opaque world of decentralised Finance (DeFi), fearful of the potential for spill over risks to traditional finance.

/crypto

UK fintech investment falls 56% in 2022

Total UK fintech investment fell by more than 50% in 2022 as a combination of higher interest rates and inflation, alongside downward pressure on valuations, dampened investor appetite, according to the latest report from KPMG.

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Nomura invests in 'Hybrid Finance' startup Infinity

Nomura's digital assets subsidiary, Laser Digital, has invested in Infinity, a decentralized finance (DeFi) protocol for institutional lending and borrowing.

/crypto

DBS benefits from flight to safety by institutional crypto investors

The downturn in crypto values and multiple scandals has led to a boom in bitcoin trading at Singapore's DBS Bank, which saw volumes grow by 80% on its Digital Exchange (DDEx).

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Paxos ordered to stop minting Binance stablecoin

Blockchain infrastructure provider Paxos will stop issuing new Binance USD stablecoins on the orders of the New York Department of Financial Services (NYDFS). The firm has also revealed that the token is facing SEC scrutiny.

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FCA and police join forces to crack down on crypto ATMs

The FCA has joined forces with West Yorkshire Police to shut down illegally-operated crypto ATMs in Leeds.

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Banks lead $65 million investment in crypto-infrastructure firm Taurus

Credit Suisse has led a $65 million Series B round in Swiss crypto infrastructure provider Taurus, with participation from other major financial institutions.

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UAE to build CBDC and card scheme

The United Arab Emirates is planning to launch a CBDC and domestic card scheme as part of a wide-ranging financial infrastructure transformation programme.

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Bakkt kills off consumer app

Digital asset player Bakkt is sunsetting its consumer app and focussing on its business-to-business-to-consumer offering.

/crypto

PayPal hits snooze on stablecoin

PayPal has paused work on its stablecoin just weeks before it had planned to unveil the project, according to Bloomberg.

/crypto

Hipperson resigns from Ziglu

Mark Hipperson is to quit Ziglu, the crypto firm that he established in 2018.