— Regulation, Stocks
Bill Pulte’s tweet cost FICO shareholders $4 billion
After Bill Pulte put VantageScore alongside FICO credit scores on Fannie Mae’s mortgage pricing grid, FICO stock crashed by $4B.
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Venture capitalists, not Operation Chokepoint 2.0, blamed for SVB crash
Silicon Valley Bank focused on two risky industries, VC and crypto. Poor diversification, not Operation Chokepoint 2.0, caused its collapse.
Crypto.com fined $3M by Dutch Central Bank over ‘severe’ violations
The Dutch Central Bank fined Crypto.com after the exchange failed to register for two years, breaking money laundering and terrorist financing laws.
Australian police failed to act on HyperVerse scam for two years
The HyperVerse scheme was referred by the Australian Securities and Investments Commission to police in 2020 for “possible fraud offences.”
— Crypto, Regulation
Buying crypto with credit cards may be scrapped in South Korea
New proposals aim to address concerns about illegal outflows of domestic funds, made possible via crypto exchanges and speculative activities.
EU finance watchdogs to probe bank ties to crypto
The EBA and other top finance watchdogs will investigate banks' exposure to non-banks, including hedge funds and crypto.
Crypto pyramid schemes thought to have stolen billions go unchecked
The alleged crypto pyramid schemes, HyperFund and HyperVerse, have been flagged by regulators across the globe but not Australia.
— Mining, Regulation
Russia toys with bill for mined crypto to become export product
Russia is proposing legislation which would give crypto miners benefits similar to gas exports, amid a process of regulating the industry.
US gov’t will probe Binance at least six times in three years
As part of its $4.3B plea deal, Binance and its customers will be probed by the DoJ and other US agencies on an 'unprecedented' scale.
— Regulation, SEC
SEC boasts high-volume crypto enforcement in 2023 report
Despite criticisms of the SEC's 'quantity over quality' approach, its 2023 fiscal report claims it was "highly productive and impactful."