Coinbase CEO Reacts To SEC's Warning Over Potential Securities Law Violations
Although many criticized the SEC for its most recent move against a crypto company, others took the chance to gloat and hit Coinbase back.
FTX Bankruptcy Estate Recovers Over $400M From The Hedge Fund Run By SBF's Alleged Former Lover
A filing in the U.S. bankruptcy court in Delaware detailed that Modulo Capital agreed to relinquish any claims to the $56 million in assets held in FTX and FTX US accounts with the remaining $404 million in assets converted into cash at J.P. Morgan.
Telegram Beats Twitter, Microsoft As It Debuts Feature That Allows Users To Send Crypto Via Chat
Edge's beta build uncovered this month revealed that Microsoft is exploring integrating a crypto wallet into its browser.
Crypto Firms Turn To Swiss Banks After Silvergate Capital, Signature Bank Collapse
Industry watchers believe that one of the main reasons behind crypto firms' sudden interest in Swiss banks is because of their clear regulations, something which financial regulators in the U.S. are still arguing about.
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IRS Releases Guidance, Considers Taxing NFTs Like Other Collectibles
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Hackers War: Ronin Bridge Exploiter Tries To Swindle Euler Finance's Attacker
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Sony's NFT Patent Highlights Major Step To Bring PlayStation To Web3
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Coinbase Offers Multi-Billion Dollar Credit Facility To Circle Following SVB Collapse
More news
Musk's US Presidential Bet Urges CBDC Ban, Suggests Its Government's Way To Surveil, Control Citizens
"Today's announcement will protect Florida consumers and businesses from the reckless adoption of a 'centralized digital dollar' which will stifle innovation and promote government-sanctioned surveillance," DeSantis said.
MicroStrategy Now Almost Even On Bitcoin Investment As Crypto Asset Rallies Amid US Banking Crisis
"MicroStrategy has survived a crypto ice age and now has an opportunity to take advantage of growing interest in DeFi and all the other crypto protocols with better growth potential," a senior market analyst said.
Signature Bank Fiasco Forces Major Crypto Trading Platform to Look For New Payment Network Provider
Last week, the NYDFS said that it intervened in the business of Signature bank because regulators lost faith in its management.
FTX Sues Liquidators Of Its Bahamian Affiliate Over Crypto Exchange Ownership
FTX has been at odds with Bahamian officials ever since filing for bankruptcy protection on Nov. 11.
Did Microsoft Beat Twitter To A Pulp? Leaked Beta Build Reveals Plan For Edge Crypto Wallet Integration
Software giant Microsoft could be testing an Ethereum-based cryptocurrency wallet in its Edge browser, according to a software sleuth who goes by the Twitter handle @thebookisclosed.
Bitcoin Hits New High, Records Double-Digit Surge As Fears Of Banking Crisis Spread
Bitcoin investors are now bullish, especially as former Coinbase Chief Technology Officer Balaji Srinivasan predicted that the impending global banking crisis could take the world's largest crypto asset to $1 million in less than 90 days.
Euler Finance Hackers Use Flagged Address Linked To North Korean-Based Cybercriminals
"Euler has always been a security-minded project. The Euler smart contracts, including the vulnerable lines of code, were audited," Eluer Finance CEO said in a tweet following the $197 million hack.
Leaked Emails Reveal Shocking Connection Between SBF, CFTC Commissioner Wetjen And FDIC Chairman Gruenberg
In one of the leaked emails, Wetjen informed the FDIC chair about FTX's risk model, which was about its pending application at the CFTC, seeking to amend regulations that would foster more federally authorized crypto products.
South Korea Pulls All Wires To Arrest And Extradite Do Kwon, 5 Other TFL-Connected Personalities
Financial regulators and law enforcement agencies in the United States have also started investigating the collapse of Terra's so-called algorithm stablecoin.
YouTubers Face $1B Class-Action Lawsuit Over Alleged FTX Crypto Fraud Promotion
"I'm going to roast these Low IQ plebs and their lawyers," tweeted BitBoy Crypto, one of the named "defendants" in the lawsuit.
Bankrupt Crypto Lender Moves 270 Billion SHIB To Coinbase
The crypto lender has already secured court approval to sell its assets to Binance US, which, over the past weeks, has been objected to by financial regulators like the U.S. SEC and the FTC.
Coinbase Alerts Traders About Delisting 6 Ethereum-Based Crypto Assets Following Internal Review
Coinbase said that the decision was the result of its periodic monitoring of assets, which includes assessment and subsequent review to make sure they follow the platform's listing standards.
Crypto-linked Bank Failures Fuel Regulation Debate
Regulators are increasingly keen for oversight of a sector which boomed during the Covid pandemic when many people were stuck at home.
Regulator Slams Signature Bank BOD's Claim That Takeover Was A 'Strong Anti-Crypto Message'
Signature Bank's closure was due to a "crisis of confidence" in its leadership, the New York State Department of Financial Services said.
U.S. Judge Refuses To Delay Voyager-Binance Sale During DOJ Appeals
A U.S. bankruptcy judge declined to delay the $1.3 billion sale of crypto lender Voyager Digital to Binance.US, saying Voyager customers should not be forced to wait out a challenge by the Department of Justice that is unlikely to succeed.
Sam Bankman-Fried Seeks Court's Approval To Use FTX Insurance To Cover His Legal Expenses
Bankman-Fried's legal counsel requested the court through a motion to permit insurers to advance or reimburse defense costs and fees under directors and officers (D&O) insurance policies held with Beazley and Realm Insurance.
SEC Chairman Gensler Doubles Down On Stand That Proof-Of-Stake Crypto Assets May Be Securities
Gensler's stance on proof-of-stake crypto assets as securities received an unexpected assist when the New York Attorney General's Office filed a lawsuit against the centralized cryptocurrency exchange KuCoin.
Sam Bankman-Fried, Inner Circle Allegedly Received $3.2B From Alameda Research And Other FTX Entities
FTX administrators noted that their efforts are "expected to result in the further identification of assets, liabilities and transfers."
NFT Game Degen Zoo Goes Viral And Takes Logan Paul To School
A month after the first testnet was released to the community, Degen Zoo has become the game on every blockchain players' lips.
OpenAI Unveils GPT-4 AI Model That Outsmarts Humans And Can Easily Identify Exploits In ETH Contracts
"It passes a simulated bar exam with a score around the top 10% of test takers," OpenAI said while describing the new G-4 ChatGPT AI model.
Exclusive: Shiba Inu Team Drops Massive Surprise And Sets New Standard For Web3 Experiences Following Shibarium's Beta
For the lead developer, "SHIB: The Metaverse," which is planned to launch on multi-platforms, including mobile devices, will be the medium available to people from all walks of life.
Bitcoin Skyrockets To A New High As US Inflation Soars 6%
"In February, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 6.0 percent over the last 12 months, not seasonally adjusted," the Bureau of Labor Statistics reported.
Coinbase Opens Local Bank Transfers For Singapore Users At No Cost
Cryptocurrency exchange Coinbase will let customers in Singapore move funds to and from accounts via local banks, smoothing one path to investing in digital assets at a time when markets are on edge over financial stability and crypto banking.
Three Arrows Capital Co-Founder Kyle Davies Denies Pending Lawsuits Or Regulatory Action Against Him
This year, Three Arrows Capital founders announced OPENX, a new crypto trading platform that will serve as a public marketplace for crypto claims and derivatives.
Coinbase Warns Users About Tax After Being Required To Send Some Customers' Info To HMRC
"We would encourage you to consult with your tax or legal advisor with any questions you may have regarding tax matters and your Coinbase account activity," the company said.
Signature Bank Seizure Was 'A Strong Anti-Crypto Message,' Says Dodd-Frank Act Co-Sponsor
"I think that if we'd been allowed to open tomorrow, that we could've continued — we have a solid loan book, we're the biggest lender in New York City under the low-income housing tax credit," former Congressman Barney Frank said.
Binance Announces Suspension Of UK Deposits, Withdrawals After Losing Partner Bank
"We will provide more information on the suspension of withdrawal services at a later date," Binance said, adding that the suspension will not affect users' Binance accounts.
Do Kwon Days As A Free Man May Be Numbered As FBI, DOJ Start Probing TerraUSD Stablecoin Collapse
The FBI and the officials at the Southern District of New York have reportedly started interrogating former members of Terraform Labs and intend to interview several others in the coming days.
US Banks Hold $620 Billion In Unrealized Losses, Sparking Contagion Concerns
The FDIC warned that these unrealized losses have significantly reduced the reported equity capital of the banking industry.
Do Kwon Had 'The Right Idea' About Stablecoins But 'Failed Miserably On Execution,' Says CZ
Binance CEO Changpeng Zhao said that "banks are a risk to fiat-backed stablecoins," which are typically pegged 1:1 with a fiat currency like the U.S. dollar.
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