United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing scheduled on Feb. 14. At the time of publication, the U.S. Senate Banking Committee’s hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’ had witnesses including Vanderbilt University law professor Yesha Yadav, Duke Financial Economics Center policy director Lee Reiners, and Linda Jeng, a lecturer at Georgetown University Law Center’s Institute for International Economic Law. The hearing will be one of the first in the 118th session of the U.S. Congress exploring the regulation of cryptocurrencies following a …

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi and FTX. The application of Chapter 11 provisions to the crypto industry raises a series of new issues for courts. Here’s a preview of what creditors can expect, and what casual observers can learn about the implications of a Chapter 11 process for an entity in the crypto industry. The Chapter 11 process is going to threaten “crypto anonymity” Preserving …

Data science plays a critical role in supporting decision-making processes by providing insights and recommendations based on data analysis. In order to create new products, services and procedures, businesses can use data science to gain a deeper understanding of consumer behavior, market trends and corporate performance. By giving businesses a competitive edge in the market through better decision-making, increased consumer involvement and more efficient corporate processes, it enables companies to achieve a competitive advantage. The demand for data science experts is rising quickly, opening up new possibilities for development on both a personal and professional level. Here are five high-paying …

Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when it comes to understanding the underlying technology that powers these new innovations. Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools and colleges that compose New York University — announced a partnership with the NEAR Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry. The course comes out of NYU SPS …

Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project. On Feb. 7 Sirer discussed blockchain venture capital and crypto regulation in a fireside chat with MarketAcross chief operations officer Itai Elizur at the Web3 builder-focused event, Building Blocks 23. During the discussion, the Avalanche founder pointed out the crucial role of “staying power” in the crypto industry, condemning players that run from one project to another or jump into “every single new coin offering” in the hopes that they will go up. …

A former product manager at cryptocurrency exchange Coinbase has moved to dismiss charges of alleged insider trading, with his lawyers arguing the tokens he allegedly traded were not securities. Lawyers representing ex-Coinbase employee, Ishan Wahi, and his brother, Nikhil Wahi, filed a motion on Feb. 6 in the United States District Court for the Western District of Washington to dismiss charges laid b the Securities and Exchange Commission (SEC). In July last year, the SEC charged the brothers and their associate, Sameer Ramani, with insider trading alleging the trio made $1.1 million using Ishan’s tips on the timing and names …

A property linked to Sam Bankman-Fried's political spending was pulled off the market by the seller as a sign of "good faith" after being linked to FTX customer funds, the Wall Street Journal reported. The townhouse - located a few blocks from the United States Capitol, in the Capitol Hill neighborhood - is owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, brother of the bankrupt exchange's former CEO. In court filings from January, FTX's new management claimed that customer funds were misappropriated to purchase the property for $3.3 million. The Guarding Against Pandemics pulled the listing …

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022. Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver lining behind decreasing assets for investors reporting crypto on their taxes. Lisa Greene-Lewis, a certified public accountant at TurboTax, told Cointelegraph that while crypto investors made huge gains in 2021, this changed drastically in 2022. “We have seen a crypto winter occur, and TurboTax wants to help investors cope with their losses,” she said. …

Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing in United States Bankruptcy Court for the District of Delaware. The company was already the target of a lawsuit filed by crypto lending firm BlockFi in November regarding the status of roughly 55 million shares of Robinhood. The Robinhood shares — worth more than $590 million at the time of publication — have been a point of contention among …

Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the agency to regulate non-security tokens. In remarks released for a Feb. 3 American Bar Association event, Behnam pointed to “bankruptcies, failures, and runs” as part of the justification for Congress to give the CFTC the authority to address regulation for cryptocurrencies. According to the CFTC chair, the commission was "well positioned" to address any regulatory gaps but deferred to U.S. lawmakers to pull the trigger on legislation. “Regulation is necessary to protect customers and to prevent failures which …

United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash. In a Feb. 3 announcement, Senate Banking Committee chair Sherrod Brown said senators would convene on Feb. 14 in a hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’. The hearing will come two months after lawmakers met and discussed the collapse of crypto exchange FTX in a Dec. 14 hearing. As the second hearing scheduled for the Senate Banking Committee following the start of the 118th session of Congress, there will be some changes. …

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud. According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal team waived his right to bail at a hearing in U.S. District Court for the Southern District of New York. Federal Judge Richard Betman, who will be presiding over the criminal case, has reportedly set a followup court date for Feb. 14, suggesting that Eisenberg may remain in detention until at …