Broker-dealer and digital assets trading platform INX is making a play for bankrupt crypto lender Voyager Digital’s assets. INX joins other industry players such as CrossTower, Wave Financial and Binance.US in the bidding process. Voyager filed for Chapter 11 bankruptcy protection in July due to its over $650 million exposure to the collapsed crypto hedge fund Three Arrows Capital (3AC). Crypto exchange FTX.US initially won the bidding process for Voyager’s assets in September. The auction process for Voyager’s assets reopened after the FTX Group filed for Chapter 11 bankruptcy protection.
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the collapse of FTX.
After a series of legislative twists and turns spanning seven years, Brazil’s long-awaited crypto bill could finally reach the president’s desk. Brazil’s Chamber of Deputies voted on Tuesday to pass on a crypto regulation bill to Brazil’s president, Jair Bolsonaro, whose term ends on Dec. 31.
OpenSea took to Twitter to share that by listing non-fungible tokens built on the BNB Chain it would be able to handle trades for collections created by players like Goodfellas NFT and Pixelsweeper. Last month, OpenSea announced users could list and sell Avalanche-based NFTs.
The Seoul Southern District Prosecutors Office said Wednesday that it is seeking the arrest warrant over Shin allegedly taking illegal profits from Terra, the blockchain ecosystem overseen by Terraform Labs.
The same authorities reportedly raided the offices of Chai Corporation, a payments technology company founded by Shin, earlier this month. Authorities in South Korea have previously issued a warrant for the arrest of Shin’s co-founder at Terraform Labs, its CEO Do Kwon, as well as asking Interpol to issue a red notice for Kwon’s arrest. That came despite Kwon’s claims that he is not on the run.https://www.theblock.co/post/190856/prosecutors-seek-arrest-warrant-for-terraform-labs-co-founder-daniel-shin-yonhap
Crypto lender Nexo has gained a registration as a “virtual currency operator” in Italy, the company said in an announcement today. This allows the European-based firm to legally provide its services to Italian citizens. The license is issued by Organismo Agenti e Mediatori. The European Union is set to pass a set of laws on crypto assets that will allow firms to passport their license across the 27-nation bloc. Nexo plans to take advantage of this under the Markets in Crypto Assets regulation, according to the statement. The new rules are anticipated to come into force in 2024. Nexo’s website shows registrations in several U.S. states and six other countries.
Six exchanges — including Binance, Coinbase, Luno and Kraken — will have to share user data to help trace $10.7 million in funds stolen from an unnamed UK-based exchange in 2020. Two of the six exchanges involved were not named.
The anonymous exchange — which has not shared its name to avoid “tipping off” the hackers.The amount in question was deposited into 26 accounts on the exchanges in cryptocurrencies including bitcoin, XRP, ether and tether. It’s one of the first applications of a new law in the UK to help track assets in cyber-fraud cases, even if the companies holding the information are based overseas, according to FT. https://www.theblock.co/post/190967/binance-coinbase-kraken-ordered-to-disclose-user-data-in-hack-probe-ft
EU policymakers laid pressure on enforcing bloc-wide crypto regulations in the European Parliament’s economic committee today following the spectacular collapse of FTX. is a sufficient band aid for the implications of the debacle.
“The collapse calls for urgent need of the MiCA regulation,” said Alexandra Jour-Schroeder, the European Commission’s financial unit deputy. FTX saw a dramatic demise after the collapse of its native token, FTT, a crash that affected millions of users and numerous firms. The exchange, which was valued at $32 billion at the start of the year, filed for bankruptcy protection on Nov. 11.https://www.theblock.co/post/190659/policymakers-crank-the-heat-on-new-eu-crypto-laws-in-ftx-hearing