Crypto

A former Georgia banker faces federal charges after allegedly helping steal about $931,500 from customers and route the funds to Coinbase accounts. Prosecutors say she received more than $1,000 for her role. Key Takeaways Six customers’ account details were allegedly used at least six times in 2021. The funds went to Coinbase accounts controlled by alleged co-conspirators. A federal grand jury…

Michael Saylor wants banks to custody bitcoin and lend against it, giving owners more ways to use their holdings. He also calls for an insurance industry path and a review of the capital rules applied to certain crypto exposures. Key Takeaways Saylor wants banks to hold bitcoin for customers and lend against it. He calls for a practical path for insurers to use digital capital. He wants…

Kazakhstan is working to entice crypto miners to take advantage of flared gas opportunities as part of a push to revive mining, which was severely hampered by power limitations imposed by an auction system designed to protect the country’s aging grid. Key Takeaways Kazakhstan allows miners to use flared gas, tapping up to 1.3TWh of cheap power for crypto operations. Oil companies can sell waste…

Institutional crypto demand is developing beyond public disclosures, according to Bitwise’s interviews with 15 major institutions. Existing holders maintained their allocations through a roughly 50% market decline, while several prospective buyers advanced their due diligence. Key Takeaways None of the 15 interviewees reduced its crypto allocation during the market decline. Several investors…