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Latest from Nelson Wang
86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ
Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.
Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.
Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities
The customers also accused Coinbase of failing to register as a broker-dealer.
Shuttered Crypto Exchange Bitzlato Says It Plans to Resume Operations: Report
The exchange has been charged by U.S. and European authorities with laundering $700 million in funds tied to Russian criminals.
US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
The lawmakers said in a letter that Silvergate’s previous responses to queries were “evasive and incomplete.”
Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250M Bond Can Be Revealed
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond.
Moody’s Developing Scoring System for Stablecoins: Bloomberg
The move comes as the quality of stablecoin reserves continues to receive scrutiny.
Tesla Did Not Buy or Sell Any Bitcoin in the Fourth Quarter
The company reported $34 million in impairment charges to its bitcoin holdings, however.
Crypto Exchange Gemini Cutting Another 10% of Staff: Report
Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with which it partnered on an interest-earning product.
New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal
John J. Ray III made the comment in his first interview since taking over FTX in November.
