The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently spoke out about the challenges faced by the crypto industry under the current administration. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out a series of regulatory issues that they believe are hindering innovation and growth in the industry.
Custom
In a significant milestone towards closure for the victims of the infamous 2014 Mt. Gox hack, crypto exchange Bitstamp has announced that it has initiated the process of returning recovered digital assets to creditors. This marks a long-awaited step towards reimbursing those affected by one of the most devastating incidents in the history of cryptocurrency.
In the wake of a significant exploit that resulted in the loss of nearly half of its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the news with users, stating that they are working on a solution to help
The recent surge in the price of Bitcoin has caught the attention of many in the cryptocurrency community. Despite facing FUD surrounding Mt. Gox’s customer repayment, Bitcoin has managed to climb back into the $61,000 to $67,000 range where it spent most of the second quarter. This positive momentum has led some experts, such as
Recently, a US court granted Binance US permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in $10 million increments over four weeks. This move will allow Binance US to utilize a trading account on TreasuryDirect
Recently, there was a significant hack at the India-based crypto exchange WazirX, resulting in an estimated $235 million loss. Liminal, a multiparty computation (MPC) wallet provider, has released a post-mortem report shedding light on the incident. In this article, we will critically analyze the details provided in the report to understand the root cause of
Recently, crypto exchange OKX has made the decision to cease operations in Nigeria due to local regulations. Nigerian clients were informed through an email that they have until August 16 to close their positions on the platform. After this deadline, users will only be able to access withdrawal services and close existing positions. This announcement
The US Securities and Exchange Commission (SEC) has made headlines recently with its decision to accept a proposal that provides exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has significant implications for financial institutions and crypto holders alike as it alters the way crypto holdings are
The legal saga surrounding the collapse of FTX exchange took a new turn as sentencing dates for former executives Gary Wang and Nishad Singh were set for later this year. Wang, the former Chief Technology Officer and co-founder of FTX, is scheduled for sentencing on Nov. 30, while Singh, a former engineering director, will have
The recent guilty plea of Paxful Inc. co-founder and former CTO Artur Schaback sheds light on the company’s failure to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence allowed Paxful to become a breeding ground for criminal activities such as money laundering, fraud, and extortion. This revelation not