Coinbase says its staking product offerings are different than Kraken’s, which came under SEC scrutiny and resulted in a $30 million fine. Crypto assets made their way onto the United States Securities and Exchange Commission’s list of priorities for 2023. So far, though, we haven’t tasted the “regulatory certainty” many have been calling for. Instead
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation
FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app. Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According to details published by former investment banker
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies,” said the letter. A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3.In a Thursday
“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James. New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market. The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian…
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry.Profits from crypto trading in Thailand are now subject to a 15% capital…
The recent law “On Digital Financial Assets” has not gone far enough in the eyes of Russian crypto industry advocates. Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate.Yury Pripachkin, head of…
XDC price soared to a new all-time high shortly after a round of new partnerships, protocol integrations and exchange listings. Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost…
Bitcoin price trades below $45,000 and analysts say the “almost uninterrupted run-up of the last two weeks” meant BTC was overdue for a slight correction. The high-flying optimism generated earlier this week when Bitcoin and altcoin prices rose was tempered on Aug. 12 as BTC dropped below $43,000. This led some analysts to warn that…
$357 million in ETH options expire on August 6 and bears don’t stand a chance given that every neutral-to-bearish put is underwater. Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO…
Traditional financial institutions like State Street and BNY Mellon continue to get involved in the fast evolving cryptocurrency space. Bank of New York Mellon is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank State Street.According to a Wednesday report by the Financial Times,…
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said. As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange.On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the…
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance’s CEO said. Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange’s commitment to cooperating with regulators.In an open letter on Tuesday, Zhao emphasized that the…
Starting today, the Blockchain.com Exchange will support depositing, trading, and withdrawal of USD Coin (USDC) and Uniswap (UNI).USDC is issued by regulated financial institutions, backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars. With USDC, Exchange users now have a third low volatility cryptocurrency option, in addition to USDT and PAX USD.UNI…
Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.” TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform…
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