Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
CipherTrace's blockchain analytics tools will be combined with Mastercard's cybersecurity solutions to help businesses identify crypto risks.
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
The theft from DeFi platform Poly Network "demonstrates that even if you can steal crypto assets, laundering them and cashing out is extremely difficult."
U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
The SEC targets decentralized finance in alleging the founders of DeFi Money Market illegally sold more than $30 million in securities.
SEC Chair Gary Gensler says the industry is "rife with fraud" and if Congress doesn't act, "I worry a lot of people will be hurt."
The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.
Now is the time for CFOs to get a handle on their cryptocurrency exposures and start figuring out a blockchain strategy.
The three indexes will measure the performance of digital assets listed on registered open exchanges.
The cryptocurrency’s price volatility and the lack of accounting guidance on holding digital assets keep Bitcoin off most companies’ balance sheets.
The SEC must ensure that crypto markets "are free of fraud and manipulation,” Gary Gensler told the Senate Banking Committee.
