Another day, another crypto failure? Seems that way, doesn’t it? Consider Coinbase, a cryptocurrency exchange. Coinbase, Inc. has agreed to pay a $50 million penalty and shell out another $50 million to bulk up its compliance program. The alleged compliance failures at Coinbase Inc. were wide-ranging and longstanding — so says the New York Department… Read More >>
MSCI Platform Uses Microsoft Azure & Other News
MSCI Offers Integrated Access to Its Wares MSCI, a provider of indexes and other decision support services, has launched an open architecture technology platform, dubbed MSCI ONE, that uses the Microsoft Azure cloud platform to create integrated access to “MSCI’s portfolio of products and solutions,” officials say. MSCI ONE includes “capabilities in quantitative investment… Read More >>
Could the FTX Fiasco Spur Reforms?
The bankruptcy of cryptocurrency exchange FTX Trading Ltd. is causing multiple upheavals in digital asset trading markets and has spurred the collapse of cryptocurrency lender BlockFi Inc., which recently filed for chapter 11 protection. To quickly recap, “on November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors … each filed… Read More >>
Investors Have High Hopes for Crypto Care & Other News
New Report Focuses on Digital Custody Needs of Investors Investors prefer an “institutional-grade infrastructure” for their crypto and other digital assets but securities firms will need time before they can provide that level of support, according to a new report from research firm Coalition Greenwich Market. The report, “Providing Digital Asset Services: An Institutional Infrastructure… Read More >>
Canada Puts Crypto-Trading Platforms on Notice
During this winter of discontent and falling values for the crypto world, many are waiting for the regulators in the U.S. and elsewhere to solidify the rules of the road. Industry participants are looking to SEC Chair Gary Gensler, the CFTC, the Fed, U.S. Senators, E.U. agencies, and multinational organizations to coordinate a response or… Read More >>
Crypto’s Pitfalls Are the Focus of a New Guide
Say this for the computer kids who bought into the Great Crypto Scam: They (and others who dream of easy riches) are determined to tie themselves to the blockchain, no matter what. Even the recent $300 billion drop in value across the crypto economy (as calculated by the New York Times) hasn’t dissuaded them. The… Read More >>
Regulator Wants Social Media Controls After Twitter Hacks
“On July 15, 2020, a 17-year old hacker and his accomplices breached Twitter’s network and seized control of dozens of Twitter accounts assigned to high-profile users,” a recent report from the New York State Department of Financial Services specifies. That widely publicized hack also exposed private information about both regulated cryptocurrency firms and public figures… Read More >>
NY State’s Cryptocurrency Task Force to Consider Regulation
With Wall Street and other industries in mind, the New York state government has set in motion the creation of a digital currency task force that will investigate legislative and regulatory recommendations, among other issues, for the burgeoning cryptocurrency marketplace and the growing usage of blockchain technology. The task force got its final approval late… Read More >>
