Tag: Report

The CFP Board’s Latest Report on Crypto Sets High Standards for Advisors

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Digital euro settlement, distribution options detailed in latest progress report

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Progress continues on the creation of a digital euro, and the European Central Bank (ECB) has documented it in a second progress report that described design and distribution options recently approved by its governing council. The report considered four crucial issues, roughly in keeping with the timeline the ECB set for itself that tentatively culminates in a decision on whether to transition from the investigation to the realization phase of work in Q3 2023. The report outlined the roles of the Eurosystem and intermediaries and established that supervised intermediaries would…

Sam Bankman-Fried is on the way to airport for extradition: Report

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Former FTX CEO Sam “SBF” Bankman-Fried, who has been in the custody of Bahamian authorities, is reportedly on the way to the airport where he will be handed over to U.S. authorities and flown to New York.  It comes after Bankman-Fried reportedly appeared in a hearing of the Bahamas Magistrate Court on Dec. 21 — the third since his arrest — where he waived his right to a formal extradition process that could have taken weeks. Officials from the U.S. Embassy, Federal Bureau of Investigation and U.S. Marshals Service were reportedly…

BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also in the green, as it neared a key resistance level. Bitcoin Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report. Following a low of $16,763.66 on Tuesday, BTC/USD…

Current infrastructure can’t support the Metaverse, says Huawei report

Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might. The comments came from Huawei’s Middle East region’s Chief Expert on Business & Strategy Consulting, Abhinav Purohit, who published a three-part blog series on Dec. 20 focused on the potential of the Metaverse sector and where telecom companies will fit into the picture. Describing what the Metaverse is, or what its actualization will look like, Purohit outlined that a “metaverse is a collective…

Wanted Russian Parliament Member May Own a Crypto Broker in Moscow: Report

According to Dossier, an OTC called Bankoff is operating from an office owned by a company directed by Lugovoi’s wife, Ksenia. Bankoff appears to be the most active trader on Binance’s peer-to-peer marketplace for deals with Russian ruble, with the highest daily trading volumes, according to Dossier’s research. The almost non-existent know-your-customer/anti-money laundering (KYC/AML) procedures allow users to buy and sell crypto via Bankoff without revealing their identity, Dossier said. (An OTC is a broker-dealer as opposed to a centralized exchange.) Source BrokerCryptoMemberMoscowParliamentReportRussianWanted CryptoX Portal

Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report

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Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be extradited to the United States to face charges. According to a Dec. 19 report from Reuters, Bankman-Fried’s legal team said it planned to prepare documents to have him reappear before the Bahamas Magistrate Court sometime this week. The former FTX CEO attended an emergency hearing of the court just hours earlier without any seeming adjudication or ruling — he returned to prison following the event. “Mr. Bankman-Fried wishes to put the customers right,…

Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report

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Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph.  According to the report, Jo Johnson had been advising Binance during the exchange’s efforts to expand into the United Kingdom. The former British prime minister’s brother, also known as Lord Johnson of Marylebone, reportedly took up a role on the U.K. advisory board of one of Binance’s subsidiaries, Bitfinity, in September.  The Telegraph reports that he resigned last week…

Sam Bankman-Fried wants to see indictment before extradition to US: Report

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Former FTX chief executive officer Sam Bankman-Fried, who is currently facing multiple charges related to wire fraud and securities fraud, reportedly said he wanted to see the indictment against him before agreeing to extradition to the United States. Appearing in an emergency hearing of the Bahamas Magistrate Court on Dec. 19 for the first time since his bail was denied, Bankman-Fried reportedly said he was willing to not fight the process required for extradition to the United States but wanted to see all the charges against him. He spent the last…