The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls.
FTX Japan drafts plan to return client funds
The Japanese subsidiary is one of 134 companies caught up in FTX’s bankruptcy proceedings but has been drafting a plan to return client funds.
Former FTX CEO Sam Bankman-Fried denies “improper use” of customer funds
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.”
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.
MATIC attack: How smart crypto traders “got out” before a 35% price drop
Polygon (MATIC) and Green Satoshi Token (GST) provide the perfect examples of how quant analysis can help cryptocurrency investors shield themselves from volatile markets.
P2P Financial Systems panel: Crypto core values and transparency are critical for DeFi
Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi’s future among market dynamics, cyberattacks and regulatory uncertainty.
Clearing company tests out securities transaction settlements on blockchain networks
The Digital Dollar Project and the Depository Trust & Clearing Corporation trialed a potential settlement system using tokenized securities and CBDC in real world conditions.
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
CFTC chair Rostin Behnam appeared before a Senate Agriculture Committee to talk about how FTX happened and how it could have been prevented.
Bitcoin Depot says SPAC merger will continue as planned after solid revenue growth
The firm’s revenue increased by 25.25% to $497.2 million in the first nine months of 2022.
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
“Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje.