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Latest from Kevin Reynolds
US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says
The guidance would apply to U.S.-listed exchanges and other firms providing cryptocurrency services and holding digital assets on behalf of clients.

Ukrainian Government Receives Nearly $10M in Crypto Donations After Russian Invasion
The Ethereum wallet listed by the government has received almost $10 million in crypto so far.

Walmart Preparing a Metaverse Push, Trademark Filings Show
The retail giant may also be planning to create its own cryptocurrency and NFTs.

India Prime Minister Suffers Another Twitter Hack; Fake Tweet Sent Promising Bitcoin to All Indians
The attack followed one in autumn 2020 that was part of a widespread hack used to trick social media users to send cryptocurrency to the attackers.

US Senate Banking Panel Head Seeks More Information About Stablecoins From Issuers, Exchanges
The move comes after a recent report highlighted stablecoins’ potential risks to consumers, investors and the financial system as a whole.

Indian Government Submits Bill to Ban Most Cryptocurrencies, Dashing Hopes for Friendlier Measure
While the bill might be the same as the draft submitted in January, expectations had grown that the government would submit a final version that would be accommodative to crypto.

El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
The issuance of the tokenized bond, which was developed by Blockstream, will be processed by Bitfinex.

Cream Plunges on News That Hack Compensation Will Inflate Token Supply
The price of CREAM has fallen off two cliffs in less than a month.

BlockFi, Neuberger Berman File for Spot Bitcoin ETF
The BlockFi NB Bitcoin ETF would provide direct exposure to bitcoin, if approved.

ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report
If CME doesn’t yield, ProShares’ options include shifting assets into later-dated contracts or potentially investing in crypto-related equities.
