That’s all she wrote. Sam Bankman-Fried on Thursday evening (Nov. 2) was found guilty on all counts. And it wasn’t twelve angry men that did him in — rather, it was over a million angry creditors missing their billions in funds and a jury of...
The Bank of International Settlements has set limits on banks’ exposure to crypto markets. An official announcement from the BIS issued Friday (Dec. 16) establishes a limit of 2% for crypto reserves at banks, with an implementation deadline of Jan. 1, 2025. In general, banks’...
With crypto markets in turmoil, regulating the volatile industry has become a priority for lawmakers. This pivot comes as the collapse of cryptocurrency exchange FTX has sent tremors through the emergent industry. While Sam Bankman-Fried (SBF) has since been arrested, the knock-on effects of his...
Despite the huge appetite for digital assets in emerging markets, promoting their adoption and mainstream accessibility have been far from smooth sailing. Last year, for example, Nigeria’s central bank banned banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges...
September 01, 2022
Despite the huge appetite for digital assets in emerging markets, promoting their adoption and mainstream accessibility have been far from smooth sailing. Last year, for example, Nigeria’s central bank banned banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges — a move that forced Binance and other crypto exchanges […]
June 09, 2024
Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of Friday — had been working with a financial adviser to […]
December 18, 2022
The Bank of International Settlements has set limits on banks’ exposure to crypto markets. An official announcement from the BIS issued Friday (Dec. 16) establishes a limit of 2% for...
