digital assets

Citadel Gets $1.1B in First Outside Investment
Credit & Capital

Citadel Gets $1.1B in First Outside Investment

The deal with VC firm Sequoia Capital and crypto investor Paradigm may set the stage for Citadel to expand into digital assets.
By Matthew Heller | January 12, 2022
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Lyft CFO Takes Crypto Plunge Into OpenSea
People

Lyft CFO Takes Crypto Plunge Into OpenSea

Brian Roberts's move takes him from a big tech to an NFT marketplace that saw almost $1.9 billion in transaction volume over the past 30 days.
By Matthew Heller | December 6, 2021
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Coinbase Shelves ‘Lend’ Amid SEC Pushback
Risk & Compliance

Coinbase Shelves ‘Lend’ Amid SEC Pushback

Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
By Matthew Heller | September 21, 2021
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Mastercard to Buy CipherTrace in Crypto Bet
M&A

Mastercard to Buy CipherTrace in Crypto Bet

CipherTrace's blockchain analytics tools will be combined with Mastercard's cybersecurity solutions to help businesses identify crypto risks.
By Matthew Heller | September 9, 2021
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Coinbase Clashing With SEC Over Lending Platform
Risk & Compliance

Coinbase Clashing With SEC Over Lending Platform

“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
By Matthew Heller | September 9, 2021
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Crypto Hacker Returns Half of Stolen Assets
Technology

Crypto Hacker Returns Half of Stolen Assets

The theft from DeFi platform Poly Network "demonstrates that even if you can steal crypto assets, laundering them and cashing out is extremely difficult."
By Matthew Heller | August 12, 2021
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BitMEX Fined $100M in Latest Crypto Crackdown
Risk & Compliance

BitMEX Fined $100M in Latest Crypto Crackdown

U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
By Matthew Heller | August 11, 2021
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DeFi Platform Fined $13M Over Crypto Offerings
Risk & Compliance

DeFi Platform Fined $13M Over Crypto Offerings

The SEC targets decentralized finance in alleging the founders of DeFi Money Market illegally sold more than $30 million in securities.
By Matthew Heller | August 9, 2021
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New SEC Chief Aims to Tame Crypto ‘Wild West’
Risk & Compliance

New SEC Chief Aims to Tame Crypto ‘Wild West’

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."
By Matthew Heller | August 4, 2021
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FASB Launches Agenda Consultation Project
Revenue Recognition

FASB Launches Agenda Consultation Project

The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.
By Vincent Ryan | June 28, 2021
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Blockchain Strategies Needed as U.S. Clamps Down on Crypto
Technology

Blockchain Strategies Needed as U.S. Clamps Down on Crypto

Now is the time for CFOs to get a handle on their cryptocurrency exposures and start figuring out a blockchain strategy.
By Lauren Muskett | June 2, 2021
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S&P Launches Bitcoin, Ethereum, Crypto Mega Cap Indexes
Credit & Capital

S&P Launches Bitcoin, Ethereum, Crypto Mega Cap Indexes

The three indexes will measure the performance of digital assets listed on registered open exchanges.
By Lauren Muskett | May 4, 2021
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Holding Bitcoin Still Risky
Risk

Holding Bitcoin Still Risky

The cryptocurrency’s price volatility and the lack of accounting guidance on holding digital assets keep Bitcoin off most companies’ balance sheets.
By Vincent Ryan | March 5, 2021
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Biden’s SEC Pick Warns of Crypto Fraud Risks
Risk & Compliance

Biden’s SEC Pick Warns of Crypto Fraud Risks

The SEC must ensure that crypto markets "are free of fraud and manipulation,” Gary Gensler told the Senate Banking Committee.
By Matthew Heller | March 3, 2021
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SEC Sues Ripple Over Sales of XRP Digital Assets
Risk & Compliance

SEC Sues Ripple Over Sales of XRP Digital Assets

Ripple's CEO says the company will fight the suit, calling it "an attack on the entire crypto industry and American innovation."
By Matthew Heller | December 23, 2020
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