Daily Archives: October 28, 2022, 8:33 am

Removing Sanctions on Crypto Mixer Tornado Cash Won’t Be Easy – WSJ

Cryptocurrency firms including Coinbase Global Inc. and advocacy groups likely face a long journey—and long odds—to win their lawsuits aiming to remove crypto mixer Tornado Cash from the U.S. Treasury Department’s sanctions list, where it landed due to money-laundering allegations. Efforts to be removed from the Treasury’s sanctions list can be costly and time-consuming, and they often fail, sanctions lawyers…

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Debunking the narratives about cryptocurrency and financial inclusion

Before embracing cryptocurrencies or overstating their potential, policymakers should first clarify the problems they are trying to solve, and more importantly, why they are trying to solve them. When it comes to crypto and financial inclusion, there are fluctuating and contested terms and narratives. Thus, it may be difficult to discern what groups, problems, or pain points we are striving…

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Coinbase Says Reddit’s Success Highlights the Potential for NFTs

Reddit non-fungible tokens (NFT) have dominated conversation in cryptocurrency markets this week after they generated $2.5 million in daily trade volume and prompted 3 million people to sign up for NFT wallets on the social media platform, Coinbase (COIN) said in a report Wednesday. *** “Facebook, Instagram and Twitter all have NFT integrations, but those initiatives focus on ‘showing off’…

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Delaware Court Holds D&O Insurance Covers Fraudulent Transfer Claim Settlement | The D&O Diary

In the latest development a long-running D&O insurance coverage dispute, a Delaware Court has held that Verizon’s D&O insurance program covers the company’s $95 million settlement of a bankruptcy Trustee’s fraudulent transfer claim. In reaching this conclusion, the Court held, among other things, that the fraudulent transfer claim was a “Securities Claim” within the meaning of Verizon’s primary D&O insurance…

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Crypto Dominates the Worst ETF Debuts: FT

Cryptocurrency exchange-traded funds (ETFs) account for five for the worst seven debuts in ETF history, according to Morningstar Direct data, the Financial Times reported on Friday. The five funds were all linked to the performance of crypto or blockchain. The worst performer was France-based Melanion BTC Equities Universe fund, which invests in companies such as bitcoin miners Marathon Digital Holdings…

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