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Latest from Nelson Wang
South Africa Classifies Crypto Assets as Financial Products
The move brings digital assets more under the purview of the country’s regulators.
Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans
An internal probe found that risky loans made to 3AC were based on minimal financial disclosures from the hedge fund.
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
The federal agencies are looking into whether Three Arrows misled investors about its balance sheet and whether the hedge fund should have registered with them.
Three Arrows Liquidators Seek to Subpoena Co-Founders Zhu and Davies by Alternate Means
With the co-founders’ locations unknown, the liquidators are applying to serve them subpoenas via their email addresses, Twitter accounts and their attorneys’ email addresses.
SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report
Gary Gensler pointed out that the CFTC doesn't have direct authority to write rules for the firms that issue stablecoins.
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.
Crypto Custodian Copper Raises $196M in Series C Funding Round
The company also reported a loss of $16 million last year, up from $4.1 million in 2020.
SEC Probing Bored Ape Creator Yuga Labs Over Unregistered Offerings: Report
The key legal question at the center of the probe, according to Bloomberg, is whether NFTs are securities.
BNB Chain Halts After 'Potential Exploit' Drained Estimated $100M in Crypto
The chain has now resumed operations after fixing a problem that let someone create $570 million of the token, though they were only able to abscond with a smaller amount.
Coinbase Expands Services in Australia, Calling Country a ‘Priority Market for Us’
The crypto exchange is adding a way for retail customers to easily transfer Australian dollars to their Coinbase accounts, among other improvements.
