Cryptocurrency
Liquidation of 3AC Ordered in British Virgin Islands
  • A person with knowledge of the matter told Sky News that a BVI court had ordered the liquidation of crypto hedge fund Three Arrows Capital on 27 June.
  • Earlier this week, Voyager Digital issued a notice of default to 3AC for failing to pay its loan of 15,250 BTC and 350 million USDC.
11 hours ago
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WeChat Bans Crypto and NFT Public Accounts
  • WeChat, China’s largest social media platform with over 1.1 billion daily users, has changed its policy and will now ban accounts connected to crypto and NFTs.
  • The platform has placed “engaging in virtual currency or digital collection business” under its illegal operations clause, meaning it will be considered as “violating content”.
June 21, 2022, 10:19 AM
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U.K. Backtracks Controversial Crypto Data Collection Proposal
  • The rule, which was proposed last July, would have required all senders of crypto to collect the personal information of the recipient, even if they were using private wallets.
  • Her Majesty’s Treasury decided to not enforce the rule following the feedback it received on its consultation paper, which was also released last July.
June 20, 2022, 7:02 PM
Big Ben (Elizabeth Tower) stands at the north end of the Palace of Westminster

Big Ben (Elizabeth Tower) stands at the north end of the Palace of Westminster, the meeting place of House of Commons and House of Lords, London, United Kingdom, April 19, 2017. Shutterstock

Musk Hints at Crypto Payments on Twitter
  • During a Twitter virtual all hands on deck meeting, billionaire Elon Musk said “it would make sense to integrate payments into Twitter”, including crypto.
  • The CEO of Tesla and SpaceX also noted that his goal for Twitter was to “maximize the usefulness of the service”, and that enabling convenient payments was one way to do it.
June 17, 2022, 11:53 AM
Tesla CEO Elon Musk in California City

Tesla CEO Elon Musk in California City, California, USA on 14 December 2020. Shutterstock

Jun 8, 2022
Crypto Bank Sues Federal Reserve Over Application Delay
  • Custodia had already received confirmation from the Kansas Fed that its application was complete and had “no showstoppers”, but is yet to receive approval even after 19 months.
  • Custodia’s complaint notes that a master account, which provides institutions with direct access to the Fed’s payment system, is “vital” for its business.

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May 12, 2022
Chainalysis Valued at $8.6B Following $170M Round
  • The Series F round has more than doubled Chainalysis’ valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
May 3, 2022
FIFA Welcomes Algorand as Official Blockchain Sponsor
  • The blockchain has become the regional supporter in North American and Europe for the 2022 World Cup, and also the official sponsor of the Women’s World Cup in 2023.
  • The partnership will see Algorand help FIFA further develop its digital asset strategy, and also provide it with an official wallet solution.
May 2, 2022
Wikipedia Bans Crypto Donations, Closes BitPay Account
  • The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
  • As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.
Apr 27, 2022
Gibraltar to Combat Crypto Market Manipulation With New Rules
  • The legislation will implement new standards for crypto market integrity in Gibraltar, designed to combat insider trading and market manipulation in the sector.
  • DLT providers will now be required to seek out and prevent insider trading, and the publication of misleading information aimed at manipulating the crypto market.
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