Tag: Firm

DOJ Appoints Consulting Firm for Three-Year Monitoring Role of Crypto Exchange Binance: Report

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The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws. People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic Risk Alliance (FRA) for the three-year monitorship of Binance over the previous frontrunner, New York-based law firm Sullivan & Cromwell, reports Bloomberg. One of the conditions of Binance’s plea deal in November is the appointment…

Crypto Custody Tech Firm Fireblocks Plans NYDFS-Regulated Trust Company

“Our position is not to poke at any regulator, any political party, or the government,” Levine said. “We’re just applying the existing rules and existing framework. We know there’s a business need based on clients, based on the market opportunity. We understand what the current regulatory framework is, and SAB 121, as it is, in the current view of federal regulators and state regulators. We believe that pursuing the trust license in becoming a qualified custodian was the right approach.” Source

Fintech Firm Ventures into Crypto Exchange Arena

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Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset

Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its continued airdrops, and the work developers have undertaken to fix the network’s recent congestion issues. Franklin Templeton: There […] Source CryptoX Portal

Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’

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Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength, citing significant inflows into spot bitcoin exchange-traded funds (ETFs) and encouraging signs for increased corporate […] Original

Paradigm Special Counsel Has Left the Crypto-Focused VC Firm

During his 2 1/2 years at Paradigm, Seira helped create the firm’s Policy Lab to advance crypto innovation and lawmaking in the U.S. Paradigm’s Policy Lab aimed to bring together academics, policy experts, lawyers and technologists to do research on policy issues facing crypto, according to a blog post by the firm. Source

SEC sues Bitcoin mining firm Geosyn over unregistered $5.6m securities offering

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The SEC is suing a Bitcoin mining company Geosyn, alleging that the firm engaged in an unregistered securities offering, raising over $5.6 million through deceptive practices. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining, a Texas-registered Bitcoin mining firm, alongside its founders Caleb Joseph Ward and Jeremy George McNutt, alleging their involvement in an unregistered and fraudulent securities offering. According to the lawsuit, between November 2021 and December 2022, the defendants raised more than $5.6 million from about 64 investors “through the sale of…

Crypto Custody Firm Fireblocks Offers DeFi Threat Detection for Institutions

“We’ve mapped out the user journey of a DeFi and Web3 trader,” Madar said in an interview. “Usually, it starts when you scan with your phone and connect to a dApp and are asked to start signing transactions. We put mitigations and detection mechanisms throughout this journey. For instance, we scan the transaction, we scan the counterparty, we try to make sense of the contract, and also offer transaction simulation, essentially giving you the bottom line of what you should be expecting.” Source