Two bills related to crypto were introduced to the Massachusetts House of Representatives on Jan. 19. The first related to a new “special commission on blockchain” and the second on “protecting consumers in cryptocurrency exchanges.” Given the recent publicity received through the FTX collapse, it is unsurprising that officials would look to add extra consumer…
Out of 535 senators and representatives in the U.S. Congress, 196 were found to have taken donations in cash from FTX. The members of Congress were identified by CoinDesk journalists in a large research effort to shine a light on Congress’ connection to the failed exchange. Journalists reached out to all 196 members for comments…
El Salvador has passed a bill that will allow the country to sell bonds backed by Bitcoin, according to a report from Bloomberg on Jan. 11. The country’s Congress approved the bill with 62 votes in favor and 16 votes against. President Nayib Bukele now must sign the bill. The proposed bonds are part of…
Former FTX CEO Sam Bankman-Fried visited the White House to discuss pandemic prevention and cryptocurrency, according to a statement on Jan. 3. White House press secretary Karine Jean-Pierre said: “The White House regularly engages with officials from a range of industries and sectors … this meeting with Sam Bankman-Fried was focused on pandemic prevention-related matters…
South Korea’s National Intelligence Agency (NIS) reportedly revealed that state-sponsored North Korean hackers stole $1.2 billion worth of crypto assets in the last five and a half years and the country has been using these funds to finance its nuclear missile program. The NIS estimates that cyber criminals stole half of this amount — roughly…
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 3 days ago
Speaking on Twitter Space on Dec. 12, Sam Bankman-Fried stated that he is “not currently planning to speak at an upcoming Senate hearing” on Dec. 14.” Previously, SBF confirmed that he was willing to speak before Congress. However, recent revelations indicate that he is “open” if the Senate believes it is important he attends. Source:…
The Republic of El Salvador has announced that it has completed the second repurchase of its sovereign bonds maturing in 2023 and 2025. According to a press release shared by President Nayib Bukele, the country purchased $74 million worth of government bonds on Dec. 8. In September, the government bought back around $565 million worth…
Anti-crypto Congressman Brad Sherman released a statement on the FTX crash and said that FTX has been supporting Democrats to influence crypto regulations and that he was correct to urge the SEC to take action against unregistered exchanges in early 2022. He also added that he plans to examine options for federal crypto legislation with…
In anticipation of the U.S. midterm elections, the cryptocurrency industry has continued its political spending to shield itself from regulatory crackdowns with a more receptive Congress. Many digital-asset companies and executives now support political action committees, including GMI PAC, whose top contributors include FTX Trading Ltd. Chief. According to campaign contributions, FTX Trading Ltd. has…