There’s no doubt that the SEC dealt Kraken—and the outlook for crypto staking products in the U.S.—a big blow when it announced a $30 million settlement and ordered the company to stop offering the service to its customers in the states in February. Now Marco Santori, the company’s chief legal officer, says the exchange is eager to move on from it. That means reckoning with a really challenging regulatory environment and growing its customer base overseas. And as Santori quips: “Kraken’s master account application has not yet been rejected.”…
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Blockchain analytics firm Arkham said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. But the alert was the result of a “bug fix.”…
Continue reading on https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move
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The two have filed a third Bitcoin exchange traded fund application—despite previous rejections from the SEC….
Continue reading on https://decrypt.co/137924/ark-invest-and-21shares-arent-backing-down-from-bitcoin-etf-bet
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The sale to M7 Holdings comes amid continuing efforts to untangle FTX’s Chapter 11 bankruptcy….
Continue reading on https://decrypt.co/137943/ftx-finalizes-50-million-sale-of-its-crypto-derivatives-exchange-ledgerx
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America’s largest crypto exchange has launched a new campaign aimed at pushing the U.S. authorities to finally deliver “sensible crypto policy.”…
Continue reading on https://decrypt.co/137825/coinbase-ceo-backs-stand-with-crypto-nft-campaign
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The cryptocurrency exchange filed the petition along with a long list of questions last July….
Continue reading on https://decrypt.co/137765/coinbase-asks-court-to-force-sec-to-clarify-crypto-regulations
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Transactions on the decentralized exchange have spiked by more than 66% from the previous all-time high, according to a Uniswap researcher….
Continue reading on https://decrypt.co/137509/uniswap-trades-soar-pepe-mania-meme-coin
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BitMEX founder Arthur Hayes claims that “market makers did not want to trade on FTX,” suggesting pro traders always knew the exchange was “a little bit shady.”…
Continue reading on https://decrypt.co/137506/arthur-hayes-market-makers-ftx-front-running
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The bill would require cryptocurrency exchanges to maintain reserves ‘in an amount sufficient to fulfill all obligations to customers.’…
Continue reading on https://decrypt.co/137482/texas-proof-of-reserves-bill-passes-house-of-representatives
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Arthur Hayes says the speed at which projects like Terra grow and implode is a feature of the crypto industry, not a bug. He founded crypto exchange Bitmex in 2014 and then became the original crypto bad boy. In 2021 the DOJ charged him in with violating the U.S. Bank Secrecy Act for not implementing an anti-money laundering program at Bitmex. He plead guilty and was sentenced to two years probation and six months of home detention. In fact, he was still sporting an ankle bracelet on a recent cover of New York Magazine. Now he’s living in Singapore, offering up his views on the crypto industry with long form, meme-filled essays, and still thinks the crypto industry will save investors from what he calls a broken banking system. “I don’t care if you’re capitalist or you’re a communist. Everybody put on a lot of debt. We’ve passed the point where that debt is becoming useful,” he said. “And therefore everyone is going to take an L unless they get some crypto or some gold—some hard asset that’s outside of the traditional banking system.”…
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