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Crypto broker Genesis has filed for Chapter 11 bankruptcy protection, listing debts of around $3.5 billion. On the same day, Gemini co-founder Cameron Winklevoss has threatened to sue Genesis parent company Digital Currency Group and its CEO Barry Silbert.
20 January 2023
A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.
American regulatory authority, the Securities and Exchange Commission (SEC) charged crypto asset platform Nexo $45 million in penalties for the unauthorised sale of a crypto lending product.
Crypto broker Genesis is reportedly laying the groundwork for a bankruptcy filing which could come as soon as this week.
19 January 2023
National Australia has become the second of the big four banks to mint its own stablecoin.
Blockchain software engineering firm ConsenSys is laying off 96 staffers - 11% of its workforce - citing the crypto bear market and wider economic environment.
US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.
18 January 2023
The Bank of Spain has given the green light for a pilot run of a euro-backed stablecoin by payments fintech Monei.
Four UK nationals have been sentenced for fraudulently obtaining and laundering bitcoin and other cryptocurrency worth tens of millions of pounds from an Australia-based cryptocurrency exchange.
Crypto-focussed bank Silvergate has posted a $1 billion loss for the fourth quarter, confirmed that it has laid off 200 staff, and says it will offboard some customers as it seeks to recover from the fallout of FTX's collapse.
17 January 2023
The Eurogroup, a body comprising the finance ministers of EU countries, has waded into the debate about the digital euro, insisting that the new currency be seen as a complement to cash with full legal tender status and a high degree of privacy.
Unperturbed by the current market turmoil in the digital asset sector, German challenger bank N26 is rolling out its cryptocurrency product in five new markets.
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