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Coinbase Introduces 4% USDC Rewards Amidst SEC Dispute
16.6.2023
On June 15, the San Francisco-based cryptocurrency exchange Coinbase announced that customers can now earn 4% rewards on the stablecoin USDC. The news follows Coinbase’s current dispute with the U.S. Securities and Exchange Commission (SEC) over the firm’s staking-as-a-service product....
Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns
16.6.2023
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.”...
Bitcoin Price Outlook for June
16.6.2023
Halfway through June, crypto markets have been rocked by several macro factors, which have brought bears to return to action. Bitcoin has moved below $25,000 for the first time since March, as the Security and Exchange Commission (SEC) sued both Binance and Coinbase. The Federal Reserve has also...
Self-custody Bitcoin amount unmeasurable so far, says Santiment exec
16.6.2023
One of the most notable results of self-custody is that it tends to decrease circulation, which in turn reduces the market cap
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...
Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown
16.6.2023
crypto traders flock to OTC
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
16.6.2023
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions...
Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator
16.6.2023
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets...
BlackRock applies for bitcoin exchange-traded fund
16.6.2023
BlackRock, which is undoubtedly the largest asset manager globally, has gone ahead and applied for a Bitcoin exchange-traded fund (ETF). This will provide investors the opportunity of being able to connect with cryptocurrency. This is with regard to the fact that it is being watched very closely...
Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’
16.6.2023
Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech...
SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit
16.6.2023
Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit
Binance is leaving the Dutch market: Here's when
16.6.2023
Crypto exchange Binance announced its departure from the Netherlands, with users asked to withdraw their funds as soon as possible
Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials
16.6.2023
A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S
Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express
16.6.2023
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China’s Ethereum debt note
House Financial Services Republicans Blast SEC’s Proposed Rule, State Gensler Is Pushing ‘His Own Personal Views Regarding Digital Assets’
15.6.2023
Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent to the SEC, republicans push back against the new proposed...
Every CEX Needs a DEX
15.6.2023
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing
15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...
Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously
15.6.2023
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy
Dubai's VARA approves OKX 'preparatory' license as part of exchange's expansion plans
15.6.2023
The middle eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people
Bittrex withdrawals set to resume after bankruptcy court gives green light
15.6.2023
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC