• A vice president of Vident, a division of the virtual currency exchange Bithumb, was found dead in front of his residence in Seoul, South Korea. • South Korean investigators are looking into the management of Bithumb for alleged fraud and stock price manipulation. • The cause of death is currently unknown and authorities are…
• Bitfarms, a bitcoin mining firm, has confirmed hiring a new CEO, Geoff Morphy. • The former CEO, Emiliano Grodzki, resigned as the CEO but will remain as a director on its board. • Nicolas Bonta, the new chairman of the board of directors, praised Geoff’s appointment, saying that the new CEO helped remake Bifarms…
• Venezuelan banks have frozen over 75 accounts for enabling crypto-to-fiat and fiat-to-crypto transactions since the end of 2021. • Ana Ojeda, CEO of Legalrocks, claims that shutting these accounts for collecting fiat money in exchange for cryptocurrencies can’t be justified. • Financial authorities may deem transactions made via cryptocurrency exchanges which aren’t properly regulated…
• Paxos announced on Dec. 28th that it is the sole issuer of BUSD, a US dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS) on Ethereum. • BUSD is built on Ethereum and pegged to the US dollar, with reserve monies maintained in a bank account wholly segregated in the…