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Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...
MetaMask Partners with Robinhood to Simplify Crypto Transactions
7.2.2024
MetaMask has collaborated with Robinhood to enable direct crypto purchases for users, according to a press release shared with Cryptonews on Feb.7. MetaMask’s developer Consensys and Robinhood Markets, Inc. have jointly facilitated the integration of Robinhood Connect with the MetaMask wallet. This...
US and UK Financial Regulators Discuss Effective Crypto Oversight
7.2.2024
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation...
US SEC Delays Decision on Invesco and Galaxy Digital’s Joint Ethereum ETF
7.2.2024
The U.S. Securities and Exchange Commission (SEC) has extended the decision period for Invesco and Galaxy’s spot Ethereum ETF, as expected by analysts. This extension pertains to a proposed rule change from Cboe BZX that would enable the listing and trading of shares of the fund....
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
7.2.2024
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs)....
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
7.2.2024
A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds...
U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi
6.2.2024
The U.S. Securities and Exchange Commission (SEC) widened its definition of a dealer today to pull many more financial operations into its jurisdiction – including, as it warned in a footnote of its original proposal – those dealing in crypto securities
Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
6.2.2024
"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday
A Quick Look at Last Month's U.S. Crypto Crime Log
6.2.2024
While our attention was focused on exchange-traded funds earlier this month, federal regulators in the U.S. announced charges or sentences for various crypto parties
Janet Yellen Calls for Crypto Regulation in Congressional Testimony, Citing Financial System Risks
6.2.2024
Treasury Secretary Janet Yellen, in her forthcoming appearance before the House Financial Services Committee, is set to emphasize the potential dangers the cryptocurrency industry presents to financial stability, advocating for legislative action to regulate digital assets effectively. Treasury...
US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation
6.2.2024
U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...
Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path
6.2.2024
Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence....
First U.S. Bank to Introduce Crypto Checking Accounts Reverses Course, Closes Crypto Banking Mobile App
5.2.2024
A bank claiming to be the first U.S. banking institution to allow its customers to buy, sell, and hold cryptocurrencies “alongside a traditional checking account,” closed its mobile crypto app last week. In a FAQ posted on its website, Vast Bank said it was exiting the crypto industry and would...
Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX
5.2.2024
In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor...
Hashnote's U.S. Treasuries Token Now Available Through Crypto Custodian Copper
5.2.2024
Not all the so-called “on-chain treasuries” in the market are created equal, warns Hashnote CEO Leo Mizuhara
South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
5.2.2024
In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting with the U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation
South Korean Financial Authority Director Plans Talks on Spot Bitcoin ETFs with US SEC Chair
5.2.2024
Head of the Financial Supervisory Service, Lee Bok-hyun, is set to visit the United States later this year, intending to engage in discussions with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. The agenda of the meeting is expected to encompass various aspects of the crypto...
Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement
4.2.2024
After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets...
Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
4.2.2024
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held...
Bitcoin’s Fourth Halving, Nigerian Currency Plunges, Canadian Court Rebukes Trudeau, and More — Week in Review
4.2.2024
Anticipation is high for Bitcoin’s fourth network halving. Meanwhile, the Nigerian currency has hit a new low against the U.S. dollar, while in Canada, the Federal Court declared the freezing of crypto donations during the 2022 “Freedom Convoy” protests unconstitutional. Renowned...