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Latest from Nikhilesh De
Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says
Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.

Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
The financial terms of the deal were not disclosed by the source.

Providing Regulatory Clarity (Binance and Coinbase Edition)
The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.

Binance Says Gensler Once Offered to Be an 'Informal Advisor'
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.

Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted
The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.

Atomic Wallet Was Breached by North Korean Hackers: Elliptic
Wallets that siphoned Atomic users' funds are connected to the known Lazarus group's addresses, crypto tracing firm said.

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets
The filing comes a day after the SEC sued Binance.

One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto
The mystery is over for how the U.S. Securities and Exchange Commission will come after the digital assets sector’s big platforms, though alleged skeletons in Binance’s closet drew more ire.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks
In a new set of experiments, Swift will collaborate with major financial market institutions like the Depository Trust and Clearing Corporation (DTCC), Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.
