More

    Blockchain

    Former SEC Chief Warns, “Get Out Of Crypto Platforms Now” -What’s Going On?

    Former Enforcement Division chief of the U.S. Securities and Exchange Commission (SEC), John Reed Stark, came up with a warning in his Tweet on June 8, 2023. The warning came directly with the label "Get out of crypto platforms now."

    Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff

    Taxbit – a software company that assists cryptocurrency holders with tax compliance issues – has cut nearly half of its staff in an effort to re-expand in the U.K. and EU, the company told employees on Thursday. 

    Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown

    In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges. 

    Russian and Iranian Crypto Sectors in Cooperation Talks

    Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.

    Crypto.com Confirms Arena Name Won’t Change Despite Institutional Exchange Shutdown

    The Las Angeles-based sports and entertainment arena, Crypto.com Arena, will be keeping its name despite the cryptocurrency exchange’s decision to shut down its institutional exchanges in the United States.

    US CFTC Wins Precedent Setting Case Against Ooki DAO, Calling It a ‘Wake-Up Call’

    A US district judge ruled in favor of the US Commodity Futures Trading Commission in its litigation against Ooki DAO — which could have further implications for other decentralized autonomous organizations. 

    US Justice Department Charges Two Russian Nationals With Stealing Thousands of Bitcoin Linked to Mt. Gox

    The US Department of Justice unsealed charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner, for allegedly stealing thousands of bitcoin from the Mt.Gox crypto exchange back in 2011 to 2014. 

    US House Financial Services Committee Republicans Reach Some Compromise With Democrats on Latest Version of a Stablecoin Bill

    The House Financial Services Committee under its Republican leadership has dropped a new version of its stablecoin bill after receiving feedback from its Democratic members. 

    Berenberg Capital Adjusts Coinbase Price Target in Response to SEC Lawsuit

    According to a research report by Berenberg Capital, investment bank analyst Mark Palmer believes that Coinbase shares are currently deemed "uninvestable" in the short term due to the ongoing lawsuit filed by the Securities and Exchange Commission (SEC).

    Lens Protocol Raises $15 Million to Augment Decentralized Social Media – Next Twitter Competitor?

    Aave’s Lens Protocol, a social layer for web3, has raised $15 million in funding to develop decentralized blockchain-backed social media. 

    Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities

    Brokerage firm Robinhood has decided to delist Cardano, Polygon and Solana after the US Securities and Exchange Commission said those three were securities in its charges against two large crypto exchanges this week.

    Circle USDC-Issuer Taps Ex-Regulator as Chief Legal Officer in Regulatory Push

    Circle, the US-based company behind the stablecoin USDC, has tapped former Commodity Futures Trading Commission (CFTC) chair Heath Tarbert as its new Chief Legal Officer as it pushes for more regulatory clarity in the US.

    Ukraine Central Bank Details Crypto Regulation Plans – Will ‘MiCA Move’ Suit Kyiv?

    The Ukrainian central bank has explained its vision of crypto regulations, with the nation looking to move closer to EU models.

    Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?

    Crypto credit card adoption is on the rise in Brazil, issuers have claimed, with more Latin American users than ever reportedly buying and spending tokens.

    US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation

    Long-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.

    US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings

    The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan.