FDIC Sounds Alarm on Crypto in Letter to Banks

The U.S. Federal Deposit Insurance Corporation is concerned about the crypto-related risks facing the various banks it supervises.

You might be interested in …

DecryptCo November 28, 2022

‘Shrimp’ and ‘Crab’ Bitcoin Balances Hit Record Highs Amid FTX Collapse

So-called Bitcoin (BTC) shrimps, a category of addresses holding less than 1 BTC, have added 96,200 BTC to their collective stashes since FTX exchange’s collapse earlier this month. According to the analysts at Glassnode, this […]

DecryptCo July 21, 2022

Finnish Customs Sells Off $47 Million in Seized Bitcoin, Will Donate Proceeds to Ukraine

Finnish customs authorities have announced that they recently sold confiscated Bitcoin worth €46.5 million ($47.35 million). According to a press release issued today, the 1,889.1 in Bitcoin was confiscated mostly in raids before 2018. The […]

DecryptCo March 28, 2022

Crypto Tax Guide: NFTs and DeFi

Innovations like NFTs and DeFi raise questions for crypto taxpayers about how to report them for tax purposes. Here’s our handy guide.