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Warning that Britain is falling behind EU rivals as financial centre for digital assets
Sullivan & Cromwell’s work before and after crypto exchange’s bankruptcy raised uncomfortable questions about conflicts in court
Rising cryptocurrency price boosts hopes of an upturn in industry fortunes
Banking veteran Bob Diamond sought to bring stablecoin operator to US stock market using blank-cheque company
Savers who sought high returns via schemes run by Genesis and Gemini can no longer withdraw funds
Collapsed crypto exchange’s founder has been critical of Sullivan & Cromwell’s role in bankruptcy process
Development of the digital currencies is gathering pace around the world
Making money out of failure is morally bankrupt
The huge undertaking of digital currencies is not worth the costs and risks
Without a comprehensive regulatory framework, all digital asset trades are equally dangerous
Shares in California-based group plummet after it announces customers pulled $8bn in deposits
Plus, Moody’s positive outlook on DeFi, and Tether takes market share
Ted Cruz is the worst
Platform aims to increase transparency on provenance of pieces from smaller makers, boosting resale potential
Also in this newsletter: How Montenegro’s political linchpin lost his shine
Gone is the hard sell and free pizza as digital coin price crash and a series of bankruptcies force industry to play it safe
Plus, Genesis files for bankruptcy and Dimon weighs in on Bitcoin again
There but for the grace of common sense go we
Company is latest casualty of fallout from implosion of Sam Bankman-Fried’s FTX
Firm could become the latest casualty from turmoil in the digital asset sector following FTX’s collapse
Billionaire was early mainstream investor in the digital currency but VC fund no longer has significant exposure
Criminal case is latest to target digital assets allegedly falling foul of US money laundering regulations
Disgraced FTX founder was media start-up’s biggest outside backer
Easing inflation and signs of slower rate rises by Federal Reserve help boost leading crypto token
Lender braced for ‘sustained period of lower deposits’ even as its faith in digital asset industry remains intact
FTX FTT WYD?
World’s largest exchange seems impervious to crypto pressures plaguing its US competitor
Group that splashed out on LA stadium naming rights during crypto bull run hit by ‘unforeseeable’ events
US regulator says Gemini Earn was not properly registered as a securities offering
Sofia prosecutor’s office says it is probing possible money laundering and other criminal offences
Barry Silbert’s conglomerate weighs offloading venture assets to help wholly owned digital asset lender
Damian Williams faces big test in prosecuting high-profile case against FTX’s Sam Bankman-Fried
Rulemakers question whether upcoming regulations will be enough to protect the bloc from future corporate implosions
Bankrupt crypto exchange is trying to find funds to pay creditors but is still unclear about amount of the shortfall
Cryptocurrency fell 65% in 2022 but US bitcoin futures ETFs recorded steady net inflows
Court documents shed light on Sam Bankman-Fried’s circular transactions
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