Binance seeks Singapore license for institutional crypto services Binance is seeking a license to offer cryptocurrency services in Singapore once more, focusing on institutional clients rather than retail investors. According to reports, the world’s largest crypto exchange is planning for its custodial arm, Ceffu, to apply for a permit to provide custodial and other digital asset services to professional investors. The spinoff was […]
Former co-lead engineer of FTX charged by SEC The Securities and Exchange Commission (SEC) has taken action against Nishad Singh, the former co-lead engineer of FTX, for his involvement in a multiyear scheme to defraud equity investors. Singh, who co-founded the FTX crypto trading platform with Samuel Bankman-Fried and Gary Wang, has been charged with securities fraud. The SEC’s ongoing investigation includes probing […]
Coinbase launches Crypto435 to push US crypto policy Coinbase just announced a mass action committee called Crypto435 with the role of helping shape regulatory policies in the U.S. Coinbase’s Crypto435 Regulators in the U.S. have been increasing threats towards crypto assets, with rumors of banning some crypto activities like staking surfacing a few weeks ago. In a valid effort to challenge the policymakers, […]
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance. In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors […]
Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities. In a Feb. 17 blog post titled “Shame On Washington, DC For Shooting A Messenger Who Warned of […]
Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency Regulation The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), […]
Hester Peirce Calls for Immediate Crypto Regulation Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce – who’s often dubbed the “crypto mom” thanks to her open-minded nature towards bitcoin and crypto – is calling for strict regulation of the space and says this will provide more clarity for traders and help to keep investors shielded from bad actors. Hester Peirce Says […]
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate crypto products to protect consumers and our financial system,” said the senator. US Lawmaker Wants Comprehensive Regulatory […]
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’ U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.” Gary Gensler Proposes Including Crypto in Expanded Custody Rules The […]
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.” Ambassador Milena Mayorga Fosters Growing Relationship Between […]
3 reasons why Binance's BNB token risks sliding further by March On Feb. 13, BNB (BNB) recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB’s price has since recovered to over $298, but its possibility of facing another sell-off remains high. Let’s take a look at a few reasons why. BNB price rising wedge breakdown The ongoing decline in BNB’s price came […]
Stablecoins not the target in BUSD crackdown: Matrixport head of research Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves. In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its […]
Republicans Creating New Committee to Monitor Crypto Republicans currently serving on the House Financial Services Committee recently stated that they are going to be starting a new subcommittee devoted to crypto following the debacle that was 2022. Republicans Are Looking to Fix Crypto During that time, not only were prices of various assets (bitcoin in particular) reaching new lows, but there were […]
Ethereum price risks 20% correction amid SEC's crackdown on crypto staking Ethereum's native token, Ether (ETH), saw its worst daily performance of the year as the U.S. Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services. On Feb. 9, Kraken agreed to pay $30 million to settle the SEC's allegation that it broke securities rules by offering crypto staking services […]
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined on potentia incoming United States crypto regulation after the bankruptcy of FTX, saying: “The crypto […]
Crypto.news weekly recap: a roller coaster for bitcoin amid more regulatory efforts, fresh allegations on ex-FTX boss
Top darknet resource likely served a subpoena: the canary stopped singing Darknetlive — recognized as one of the top resources for darknet users by the FBI, Europol and the Australian Institute of Criminology — has most likely been served a subpoena. Darknetlive — a website with a presence on both the deep web and clear net that serves valuable information to those using darknet black markets […]
Charlie Munger knocks crypto, wants US ban Charlie Munger, a 99-year-old billionaire and strong crypto critic, has elicited virile reactions from the online crypto community for being unnecessarily critical with his request to have the U.S. replicate the Chinese crypto ban. A handful of comments on Munger’s Wall Street Journal opinion piece stated that his anti-crypto comments and his reference to China […]
BlockFi’s assets auctioning proposal approved The court permitted the bankrupt cryptocurrency lender BlockFi to auction off its cryptocurrency mining equipment as part of the company’s continuous attempts to repay its debtors. BlockFi aims to maximize its profits by submitting its bids as early as possible to take advantage of the present market circumstances. BlockFi was granted permission to sell its […]
Justin Sun claims China will implement crypto regulations through tax policies According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head of crypto exchange Huobi and Tron founder, announced that China was taking […]
Tron co-founder wants TRX adopted as legal tender in at least five countries within a year Justin Sun, a Grenada diplomat, wants TRX, the native of Tron, a smart contracting platform he co-founded, adopted as legal tender in at least five countries within a year. Sun hopes TRX adoption will trigger global acceptance of crypto as legal tender In a series of tweets posted on his official account, Sun expressed that […]
