Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets
Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers.Source
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Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.Source
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
BlockFi filed for bankruptcy in the wake of FTX’s collapse.Source
Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case
Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore.Source
Regulatory Pressure Did Not Shut Down Privacy Tool, Aztec Founders Say
Despite U.S. efforts to sanction Tornado Cash and other crypto privacy tools, Aztec says it shut down its Ethereum zero-knowledge tools for “commercial” reasons.Source
Matter Labs Has No Plans for zkSync Era Airdrop, But Crypto Twitter Is Speculating
Based on the precedent set by many crypto projects, including this week’s example with Arbitrum’s airdrop of its ARB token, the speculation over a possible zkSync airdrop isn’t totally unfounded.Source
Bank Consolidation Threatens Freedom, Makes Case for Bitcoin
The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.Source
Decentralized Media Via Web3: A Solution to Bias and Trust Issues in News?
Ashley Rindsberg – a speaker at CoinDesk’s Consensus festival – argues that the New York Times has a track-record of dangerous misreporting. Is “DeMe” the answer to what skews to the media?Source
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they’d go for in the markets, according to a change proposed this week by the Financial Accounting Standards Board (FASB).Source