British Columbia Court Backs Ban on Crypto Mining in Canadian Province
Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro’s 18-month moratorium on mining.
Policy
Treasury Secretary Janet Yellen Warns of Crypto Risks
U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday.
FTX Seeks to Sell 8% Stake in Anthropic for Sake of ‘Shareholders’
Court filings show the crypto estate wants to agree procedures so that it can sell the shares at the “optimal” time.
El Salvador’s Bitcoin-Friendly President Nayib Bukele Wins Re-Election
The country in 2021 became the first nation to adopt bitcoin as legal tender.
Hong Kong to Consult on Regulation for OTC Crypto Venues ‘Very Soon’
The Financial Services and the Treasury Bureau will consult on over-the-counter venues like shops and online platforms following the outlets’ role in crypto fraud cases.
Thai Regulator Orders Zipmex to Suspend Digital Asset Trading and Brokerage Services
Zipmex now has 15 days to correct its financial position and create a system to prevent the improper use of customer funds.
India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it’s making some progress.
Prediction Markets Can Hedge Crypto Startups’ Regulatory Risk, Paradigm Says
Coinbase co-founder Fred Ehrsham’s venture capital firm filed a friend-of-the-court brief in Kalshi’s case against the CFTC.
FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange
The federal indictment doesn’t identify Sam Bankman-Fried’s FTX as the pilfered company, but Bloomberg reported that’s who it was.
U.S. Lawmakers Seek to Overturn SEC’s Crypto Accounting Policy
Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions on companies that want to hold their customer’s crypto assets.