Search
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...
Tesla’s Elon Musk Denies Dogecoin Whale Allegations, Attorney Challenges Wallet Associations
17.6.2023
According to a recent letter viewed by the press, Elon Musk denies being a dogecoin (DOGE) whale in the lawsuit that accuses the Tesla executive of engaging in pump-and-dump activities with the meme coin token, which allegedly harmed retail investors. Musk’s attorney, Alex Spiro, stated in...
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...
SEC asks for more time to respond to Coinbase call for crypto clarity
14.6.2023
The securities regulator said it would make a recommendation within 120 days on Coinbase’s rulemaking request, but says the action has “no merit.”
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation
9.6.2023
Long-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.
The Democrat from Massuchesetts and Sen. Chris Van Hollen, D-Md. said Binance may have violated the law when it told lawmakers...
US Congressmen blame crypto firms for 'tax gap' in letter to Treasury
6.6.2023
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto
Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway
31.5.2023
Eric Horvitz penned a blog post lauding the transformative nature of AI on the same day he cosigned a document warning it could kill us all
US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas
30.5.2023
The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
18.5.2023
Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned...
US SEC Says Filecoin Is a Security in Comment Letter to Grayscale
17.5.2023
The US Securities and Exchange Commission determined that Filecoin is a security, according to a statement released by asset manager Grayscale Investments.
In a press release sent on Wednesday afternoon, the digital currency asset manager said it had received a comment letter from SEC staff...
The Super Mario Bros. Movie’s Jack Black Made An Incredible Love Letter To Gaming
12.5.2023
You probably know Jack Black from his long career as the enthusiastic star of films like School of Rock and Kung Fu Panda, and most recently as the actor who was the perfect amount of excited to voice Bowser for The Super Mario Bros. Movie. While Chris Pratt convinced me that he’s never touched...
Coinbase legal chief sends letter to SEC on RIA rulemaking
9.5.2023
Coinbase's chief legal officer requests revisions to SEC's RIA custody rule to safeguard all asset classes, including cryptocurrencies, criticizing the rule for unfairly targeting crypto
Coinbase share price spikes 7.9% as Q1 results beat expectations
5.5.2023
Coinbase CEO Brian Armstrong called the quarter a "turning point" for the company as it worked towards a more "financially disciplined" firm
Binance US Pulls the Plug: Voyager Purchase Deal Falls Through
25.4.2023
According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash...
Voyager Says Binance.US Sent Letter Terminating $1B Asset Buy Deal
25.4.2023
The crypto lender said it will return value to customers via direct distribution
Polygon Labs refers to Article 30 in an open letter to the EU
18.4.2023
Polygon Labs, a global software development company, has written to the members of the European Parliament, the Council of the European Union, and the European Commission to call their attention to Article 30. An open letter was used to carry this out. This was done in order to get more information...
Ripple files response to SEC’s Letter of Supplemental Authority
14.4.2023
The lawsuit between Ripple and the SEC has taken a new turn. A couple of days ago, the SEC filed a Letter of Supplemental Authority to support its notion of summary judgment. Regarding Commonwealth Equity Services’ support for the SEC, the US regulatory authority cited the District...
SEC vs. Ripple: SEC files Letter of Supplemental Authority
12.4.2023
The legal clash between the SEC and Ripple has a new update. The US Securities and Exchange Commission has now filed a Letter of Supplemental Authority. The US agency aims to offer an extra-legal precedent to boost its motion for a summary judgment. A few days ago, a District of Massachusetts court...
Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees
1.4.2023
This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to...