Crypto Exchange
FTX's Sam Bankman-Fried Backtracks on $1B Political Donation; Russians Face New Crypto Sanctions in the EU
Sam Bankman-Fried, the head of crypto exchange FTX, in an interview with Politico's Morning Money backtracked on his remarks that he would donate up to $1 billion in the next U.S. presidential election. Plus, crypto exchanges LocalBitcoins, Crypto.com and Blockchain.com have notified their Russian users that their services will soon be discontinued and recommended that the users withdraw funds from their accounts.
Legal Firm Roche Freedman Removed From Class Action Against Tether, Bitfinex: Report
Law firm Roche Freedman was removed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, which accused them of market manipulation, according to a Bloomberg report. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details and why a judge referred to what Roche Freedman did as "stupid."
Huobi Native Token Surges After Justin Sun Announces 'Heavy Empowerment'
The native token of crypto exchange Huobi Global is surging after Tron founder Justin Sun calls for empowering the coin. This comes as Hong Kong investment firm About Capital agreed to acquire Huobi. CoinDesk Executive Director of Global Content Emily Parker weighs in.
Google, Coinbase Partner on Cloud Crypto Payments
Google has teamed up with crypto exchange Coinbase to accept crypto payments for cloud services early next year. Oppenheimer Senior Analyst Owen Lau discusses the details of the deal and its significance, saying "it's another validation to the digital assets industry ... and Coinbase's capability."
Italy Has Yet to Vet a New Registry of 73 Crypto Firms
Companies entered into a new registry for crypto firms say they’ve secured regulatory approval in Italy, but they haven’t been checked for compliance yet. Italy's Organismo Agenti e Mediatori, a supervisory body which oversees its crypto exchanges, told CoinDesk it didn't plan to start collecting information until at least next year. "The Hash" team discusses the state of crypto in Italy.
Italy Hasn't Vetted the 73 Crypto Firms It Approved This Year
Companies entered into a new registry for crypto firms say they’ve secured regulatory approval in Italy, but they haven’t been checked for compliance yet.
Citi Says Decentralized Crypto Exchanges Are Gaining Market Share From Centralized Peers
Increased crypto regulation could drive users to decentralized platforms, the bank said.
Incoming Kraken CEO Gearing Up to ‘Engage’ More With External Investors
Incoming Kraken CEO Dave Ripley discusses if the crypto exchange would ever go public and also weighs in on how the company is responding to recent market turbulence.
Brazil’s Securities Regulator Probes Crypto Exchange Mercado Bitcoin on Token Issuance
The CVM asked the country’s largest local crypto exchange to provide data on fixed-income tokens it has issued since January 2020.
Crypto Exchange FTX Is Moving Its US Headquarters From Chicago to Miami
The exchange has been steadily building up its presence in southern Florida, including purchasing the naming rights to the NBA’s Miami Heat arena in 2021 for $135 million.
