FSB to Standardize Global Incident Reporting for Institutions Dealing with Crypto
In a letter to G20 finance ministers and central bankers, FSB chair Klaas Knot stated that the outlook for global financial stability is still difficult.
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US Senators Voice Opposition to Joe Biden’s CBDC Plans
Five US senators have co-signed legislation calling for outlawing CBDCs to oppose the Biden administration's ambitions to introduce a "digital dollar."
FTX Resolves Dispute: European Arm Sold for $33M
Insolvent cryptocurrency exchange FTX has returned to its previous owners after settling a dispute over its European division.
CoinCodeCap WeekInFocus: February 25, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Prosecutors Seek Changpeng Zhao’s Passport Surrender Prior to Sentencing
CZ has been subject to new travel restrictions, which the US Attorney's Office has asked a federal judge to grant.
Kraken Seeks Dismissal of SEC Lawsuit, Cites Concerns Over Regulatory Overreach
Kraken has requested to dismiss a lawsuit from the US SEC from November, claiming that the case establishes a "dangerous precedent" for the agency's authority.
DeFi Platform Blueberry Halts Lending Operations After Security Breach
Protocol for decentralized finance Blueberry was able to halt its protocol following a last-ditch effort to contain possible harm from an "ongoing exploit."
Nigeria Imposes Restrictions on Prominent Crypto Exchanges: Report
Nigeria has restricted access to cryptocurrency exchanges Binance, Kraken, and Coinbase, which is undoubtedly a noteworthy development for the nation.
Lejilex and CFAT Challenges SEC’s Crypto Authority in Legal Dispute
Lejilex and the CFAT have filed a lawsuit against the SEC, requesting that the court make a ruling regarding the legality of digital assets on the secondary market.
US Extradition Order for Terra Founder Do Kwon Issued
Do Kwon is expected to be extradited to the US to face fraud accusations. Kwon has been detained in Montenegro since March 2023.