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Crypto
Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says
The bank’s spot deposits fell by $1.64 billion, driven by outflows in digital asset banking of $4.27 billion.
UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister
Since 2021, Kwarteng has overseen the government’s business, energy and industrial strategy department, which has supported blockchain innovation.
Crypto Investment Slowdown Will Continue Rest of 2022, KPMG Predicts
Investors will move away from NFTs and coins and toward blockchain infrastructure projects, the global audit and consulting firm said.
Indian Police Arrest Two Suspected of Duping 1,400 in Alleged $12M Crypto Scam
So far 24 investors have come forward claiming they've been conned out of $55,000.
Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
The unit was set up after the force's criminal asset confiscation command had seized more than $600 million from the proceeds of crime since its inception in February 2020.
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.
Crypto Custody Firm Copper Appoints Tim Neill as Chief Risk Officer
Neill, who has 20 years of experience in operations and risk management, previously worked at Mastercard.
Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership
Truss has revealed little about her stance on crypto save for two statements that indicate she may be open to innovative-friendly regulation.
