Latest from Camomile Shumba
US Justice Department Wants FTX Fraud Allegations to Be Investigated
The collapse was described as the "fastest big corporate failure in American history," in a court filing.
Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says
Lord Cromwell begs the industry to leave its "bad boats" to burn out at sea and ditch the word "crypto" following the FTX collapse.
UK's Crypto Agenda Won't Be Derailed by FTX Collapse, Minister Says
The country has a goal of becoming a crypto hub.
South Africa Adds Crypto Businesses to List of Accountable Institutions
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients.
UK Crypto Fraud Climbs by a Third to Over $270M: Report
The country is in a recession and the cost of living has increased, making some people vulnerable to fraudsters.
UK Lawmakers Support Easy Seizure of Crypto Linked to Terrorist Activity
The lower chamber of the U.K. Parliament had already voted in favor of proposed rules to make it easier for law enforcement to target crypto linked to crime.
US Senators Ask Fidelity to Reconsider Bitcoin 401(k) Offerings Following FTX Collapse
Fidelity now allows companies to offer its digital assets account as part of their 401(k) line up.
UK Lawmakers Vote to Widen Authorities’ Powers in Seizing Crypto-Related Property
The amendment builds upon a bill in Parliament that allows the government to seize cryptocurrencies tied to crime.
Kenya Proposes Bill to Tax Crypto
Roughly 8.5% of the African country's population owns cryptocurrencies, according to a United Nations report.
UK May Need Digital Pound, Bank of England's Jon Cunliffe Says
The deputy governor said FTX's collapse highlights the need for more oversight of digital assets.
