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Latest Results from /crypto

/crypto

New York regulator hits Coinbase with $50m fine

Coinbase will pay a $50 million penalty and invest another $50 million in its compliance programme to settle a New York State regulatory investigation into its anti-money laundering practices.

/crypto

Wyre said to be close to shutdown

Wyre, a crypto payment firm that came close to being acquired for $1.5 billion last year, is on the brink of liquiditation, according to reports.

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US regulators warn banks of crypto exposure risks

US regulators have warned banks to be on their guard against the risks posed by exposure to the crypto asset sector in the wake of the implosion of crypto-exchange FTX and heightened volatility in the market.

/crypto

FTX's Bankman-Fried pleads not guilty

Sam Bankman-Fried has pleaded not guilty to eight criminal charges related to the collapse of FTX, the cryptocurrency exchange he founded.

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Zodia Custody appoints former Bitstamp and Starling executive Julian Sawyer as CEO

Zodia Custody, the crypto asset servicing joint venture between Standard Chartered and Northern Trust, has appointed former Bitstamp chief and Starling bank co-founder Julian Sawyer as its new CEO.

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Turkish Central Bank completes first CBDC pilot transactions

The Central Bank of the Republic of Türkiye (CBRT) has run its first test transactions on the digital Turkish Lira CBDC network.

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Finextra's year in review

With 2022 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

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Boston Fed and MIT shutter CBDC ‘Project Hamilton’

The Federal Reserve Bank of Boston has released a statement announcing that research into the technical feasibility of a potential digital dollar has concluded.

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Bankman-Fried left in the lurch as former executives plead guilty

Two high-level associates of FTX founder Sam Bankman-Fried have pleaded guilty to fraud charges relating to the spectacular implosion of the cryptocurrency exchange.

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Godfather Android Trojan targets hundreds of banking and crypto apps

Security researchers are warning about the Godfather, an Android banking Trojan that has targeted the users of more than 400 apps.

/crypto

Digital euro to get thumbs up or thumbs down in 2023

The European Central Bank says it will finalise the the overall design of a digital euro in the second half of next year as it publishes its second progress report on the project.

/crypto

Visa explores auto payments for crypto wallets

Researchers at Visa have been investigating how to enable automatic recurring payments for self-custodial crypto wallets.