BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated Jan. 27.The filing…
New York introduces bill to legalize crypto payments for state purposes
Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment.If the bill…
Vehicle Titles On Chain? California To Tap Tezos For New Pilot Project
State Department of Motor Vehicles divisions aren’t exactly known for efficiency. However, a new pilot project from California’s state DMV could look to change…
U.S. Representative French Hill offers insights into digital asset regulations
To guarantee that "America remains the home for innovation in fintech and blockchain," the chairman of a recently established congressional subcommittee on digital…
Custodia, a crypto bank in Wyoming, denied membership in Federal Reserve System
At a time when regulators are scrutinizing the crypto industry like never before, digital assets bank Custodia hoped the U.S. government would welcome its…
Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’…
The SSR measures the ratio between the supplies of bitcoin and stablecoins. As stablecoins represent buying power, a reduction in the SSR implies that investors are…
White House Blames Congress for Failure to Enact Crypto Regulations
The White House pointed the finger at Congress Friday for stalling on a comprehensive, national crypto regulatory framework, outlining numerous actions lawmakers…
Azuki’s Twitter account used to promote fake virtual land mint
Azuki’s head of community, Dem, said malicious players compromised the official Twitter handle of the bluechip NFT project on Jan. 27.Several project officials…
Coinbase stock surged 90% in January
The value of Coinbase’s stock (COIN) rose nearly 90% over the past month.As of Jan. 27, 2023, COIN’s market value was $61.47. That represents an 88.27% price…
Federal Reserve denies membership to crypto adjacent bank Custodia
The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing…