Brian Brooks has worked as Coinbase’s chief legal officer, acting comptroller of the currency, CEO of Binance.US and CEO of Bitfury. Brian Brooks, former acting comptroller of the currency for the United States government, has joined the board of directors for crypto-focused asset manager Hashdex. In a July 20 announcement, Hashdex said Brooks had become…
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The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home. Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm. According to a July 17 report from The Wall Street Journal,…
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From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential…
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Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022. Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research. According to a July 14…
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A look back at the rise and fall of Celsius, starting with the firm’s growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators. On July 13, authorities arrested Alex Mashinsky, the former chief executive officer of Celsius Network. He faces criminal and civil charges stemming from his time…
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The change in leadership came as the platform has been preparing a set of upgrades branded “Polygon 2.0”. Ryan Wyatt will be stepping down as president of Polygon Labs and moving into an advisory role after more than a year at the firm. In a July 7 announcement, Wyatt said he planned to leave Polygon…
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The report contradicts the narrative from many media outlets that Taylor Swift’s team had done its due diligence in considering the FTX deal before pulling out. The sponsorship deal between defunct cryptocurrency exchange FTX and Taylor Swift was reportedly called off at the request of former CEO Sam Bankman-Fried (SBF), and not the singer-songwriter, as…
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A reported “hundreds of thousands” of Binance users based in the Netherlands will have the opportunity to move their assets to Coinmerce for free as the exchange winds down. Global cryptocurrency exchange Binance has reached an agreement with Coinmerce to refer its users as the firm winds down operations in the Netherlands. In a July…
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Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses. An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to the Luna Foundation Guard (LFG), the organization connected to Terraform…
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“Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong’s leadership in the blockchain sector but also propels the progress of the digital Hong Kong dollar,” said the report. Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to…
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