Israel Proposes New Regulation for Digital Assets Guidelines
The idea comes after the country’s recent attempts to use cryptocurrencies in its economy. Monday, Israel Ministry of Finance released a set of suggestions for how to regulate digital assets. This is a step forward for the country’s move into the world of cryptocurrencies. The recommendations call for the creation of a new regulatory infrastructure […]
Aave Supporters Approve Of Lending Freeze
Members of the Ethereum community voted on Monday to freeze 17 assets in the Ethereum liquidity pool. This is to lower risk in the DeFi protocol before the network is upgraded to v3. Decentralized finance (DeFi) protocol Aave has stopped people from borrowing and lending assets from its Ethereum liquidity pool. This is in response […]
Silvergate Unveils Value of Its BlockFi Digital Asset Deposit Exposure
Following the filing of a bankruptcy petition by BlockFi, the share price of the bank fell by 11% on Monday, landing at $25.90. In a press release issued late on Monday, Silvergate Capital (SI) stated that its total digital asset deposit relationship with BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, is less […]
Meta Fined €265 Million Over Data Handling In Ireland
Adding to long list of penalties, Facebook parent Meta faces huge fine over its use of data by Irish Data Protection Commission. After the information of more than half a billion users was exposed on a hacking website, Ireland’s data authority fined Facebook owner Meta €265 million on Monday, November 28. The Data Protection Commission […]
FTX under ‘active’ civil and criminal investigation in Bahamas
Bahamian Securities Commission, the Prime Minister’s financial intelligence unit and a financial crimes unit are all involved in the FTX investigation. The defunct cryptocurrency exchange FTX is the subject of a “active and ongoing” inquiry, according to the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder. In a national statement that was […]