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Kraken reaches $30M settlement with SEC over staking

“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal.

Banks under pressure from U.S. authorities to cut ties with crypto firms

Banks are allegedly being discouraged from offering services to the crypto industry by United States authorities.

Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.

Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps.

New Hampshire could become an alternative for crypto firms moving to the Bahamas

A state commission recommended that New Hampshire eliminate the gray area in which cryptocurrency companies currently operate.

Crypto and securities: New interpretation of US Howey test gaining ground

Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.

Tether assets exceed liabilities in new reserves report by BDO

As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.

Russian government subsidizes crypto mining facility in Siberia

The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.

US banking giant BNY Mellon says digital assets are 'here to stay'

Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”

Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO

Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.

Crypto exchange Kraken faces probe over possible securities violations: Report

The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.

Proposed Israeli law to classify crypto as securities will 'kill the industry'

A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.

Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing

Linda Jeng will appear as a witness alongside law professor Yesha Yadav and Duke Financial Economics Center policy director Lee Reiners.

FTX debtors can issue subpoenas to company 'insiders', says court

The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family.

3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder's online activity and attempts to raise funds for GTX.

Crypto and psychedelics: Clarifying regulations could help industries grow

It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.

Justin Aversano makes a quantum leap for NFT photography

Artist name: Justin AversanoLocation: Los AngelesDate minted first NFT: Feb. 15, 2021Which blockchains? Ethereum Bio: Unintentionally, the healing process of losing his twin sister at birth sparked Justin Aversano’s career to become the poster child for NFT photography. His most famous collection, “Twin Flames,” has 5,900 ETH in total sales volume on OpenSea and multiple […]

India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

CoinGecko and 21Shares propose global crypto classification standard

The new crypto classification effort aims to help investors and regulators spot potential crypto failures like those seen in 2022.

SEC to up scrutiny of firms offering or giving advice about crypto

Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.

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