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Coinbase & NYDFS to settle compliance investigation


The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...

US Bankruptcy Court Rules Celsius Deposits Belong to the Firm


A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar...

Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments


A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With...

US Regulators and the Fed Jointly Issue Crypto Warnings


The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...

Crypto Whales Believe These Altcoins Have Huge Potential – Find Out Why


Despite destabilizing economic conditions and FTX contagion possibilities, the crypto market has held relatively steady recently as Bitcoin moves between $16k to $18k. As this period of market consolidation continues, whales are stocking up on select coins in anticipation for a coming bullish surge...

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