Quote of the week: “It’s not going to be just a one-agency solution… we probably need to work a little more closely with the [Securities and Exchange Commission]… We can’t just look at it through the lens of Washington D.C..” – Summer K. Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC). Source: Coindesk.com
CoinAgenda Announces its Top Speakers for This Year’s Annual Conference:
CoinAgenda, the premier global conference series connecting blockchain and cryptocurrency investors with startups since 2014, and BitAngels, the leading network of bitcoin and blockchain investors have released and announced their top speakers for CoinAgenda Caribbean. The conference will be held in Puerto Rico on December 5-7. Some of the speakers at this year’s event feature: Enzo Villani, Founder & CEO, Alpha Sigma Capital; Dan Morehead, Founder of Pantera Capital; James Haft, Chairman of DLTx; Anthony Di Iorio, Founder & CEO of Decentral; David Johnston, COO at DLTx; Trevor Koverko, Co-Founder of Polymath,; and Raquel Buscaino, Emerging Technology Lead, and Lucas Erb, NExT Sensing Lead at Deloitte Consulting among many others. Here’s the full agenda for CoinAgenda Caribbean. Source: Finance.yahoo.com
BlockFi Files for Bankruptcy: BlockFi, a United States cryptocurrency lender, has filed for Chapter 11 this week, along with eight of its affiliates. Monsur Hussain, senior director at Fitch Ratings stated, “BlockFi’s Chapter 11 restructuring underscores significant asset contagion risks associated with the crypto ecosystem.”
Source: FXempire.com
International Regulation Featuring Belgium: After an increase in demands for answers as to how Belgium will choose to regulate digital assets in relation to its existing financial laws and regulations, it has responded and confirmed its position that Bitcoin and Ether, among other cryptocurrencies, are issued solely by computer code do not constitute securities. Source: Cointelegraph
Crypto Winter Continues: As Crypto Winter Ensues, companies continue to lay off employees. This week, Kraken cut 1,100 employees, or 30% of its workforce in an effort to “adapt to market conditions.” Source: TheStreet.com
Binance Plans to Commit $1 Billion to its Cryptocurrency Recovery Initiative:
After the collapse of FTX, Binance, a cryptocurrency exchange, is aiming to create a $1 billion fund for the potential purchase of distressed assets in the digital space. The company is committed to putting $1 billion towards establishing an industry recovery initiative. In the future, the company hopes to ramp up its commitment to $2 billion. FXempire.com
And, that’s a wrap!