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Article by Steve Kaaru

Metropolitan Bank announces exit from digital asset business
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18 January, 2023

Metropolitan Bank announces exit from digital asset business

The New York-based Metropolitan Bank says it only had four active institutional digital asset clients who accounted for 1.5% of...
BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network
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11 January, 2023

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8...
US Fed, OCC urge banks to be cautious with digital assets
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10 January, 2023

US Fed, OCC urge banks to be cautious with digital assets

The two joined the FDIC in issuing a statement saying 2022’s events exposed the vulnerabilities of the sector, urging banks...
Celsius owned the assets in Earn accounts, not the users, judge rules
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10 January, 2023

Celsius owned the assets in Earn accounts, not the users, judge rules

Pre-bankruptcy, Celsius held $4.2 billion for 600,000 users in Earn accounts, digital assets which the judge ruled it legally owns...
SEC charges former SPAC CFO over $5M digital asset-related scam
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10 January, 2023

SEC charges former SPAC CFO over $5M digital asset-related scam

SEC claims that Cooper J. Morgenthau stole over $5 million from African Gold Acquisition Corp., which he used to purchase...
ECB seeking stakeholder input on the digital euro rulebook
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10 January, 2023

ECB seeking stakeholder input on the digital euro rulebook

The European Central Bank officially opened the application for those interested in joining the Rulebook Development Group, with the application...

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