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Plus, Moody’s positive outlook on DeFi, and Tether takes market share
US government alleges crypto founder communicated with potential witnesses in his criminal trial
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
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
Bitcoin puts post-FTX collapse behind it with 40% rise so far in 2023
FCA warns tech companies to better protect consumers as data shows 14-fold rise in takedown orders
Rules will not come into force for two years, warns lawyer
Britain seeks to align rules with traditional finance in attempt to become digital asset hub
Government will temporarily backtrack on aligning treatment of promotions with that of stocks and shares
Group used investor money to prop up its own CEL coin, says law firm appointed by US court
Disclosures point to linkages between two entities that say they are operationally independent
League agrees multimillion-pound licensing deal with start-up that offers trading in digital player cards
Rebound has extended to tech funds such as ARKK, which has risen 25% this year
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
Collapsed crypto exchange’s founder has been critical of Sullivan & Cromwell’s role in bankruptcy process
Savers who sought high returns via schemes run by Genesis and Gemini can no longer withdraw funds
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
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