Coinbase is seeking a favorable ruling from a federal district court as the U.S. Securities and Exchange Commission (SEC) continues its assault on the cryptocurrency business. Moreover, Coinbase has submitted a response to the commission’s request to extend the deadline for responding to the rulemaking petition by 120 days. Coinbase’s
June 17, 2023 2 mins read
Following the United States Securities and Exchange Commission’s (SEC) designation of several cryptocurrencies as investment contracts earlier this week, digital currency trading platform Bakkt Inc will delist Cardano (ADA), Solana (SOL), and Polygon (MATIC). The crypto exchange based in Georgia, USA, decided to delist three cryptocurrencies due to regulatory uncertainties.
June 16, 2023 2 mins read
Binance, the biggest cryptocurrency exchange in the world, is now experiencing regulatory uncertainties and legal problems on a global scale. Lately, the Paris prosecutor’s office has allegedly opened an inquiry into the cryptocurrency exchange, prompting a response from the exchange. The Paris prosecutor’s office has announced that Binance is being
June 16, 2023 2 mins read
Nearly a year after filing for Chapter 11 bankruptcy, cryptocurrency brokerage Voyager Digital is getting ready to restore its app and enable users to finally withdraw their funds. In a court filing dated June 14, Paul Hage, administrator of Voyager’s bankruptcy plan, stated that the withdrawal period would begin between
June 15, 2023 1 min read
The Colombian Central Bank, Banco de la Republica, and the blockchain payments startup Ripple Labs Inc have signed a strategic cooperation agreement to research the potential applications of blockchain technology in the realm of Central Bank Digital Currency (CBDC). Peersyst Technology, a specialist blockchain technology startup, and the Ministry of
June 15, 2023 2 mins read
Visa cards are being distributed to crypto exchange Lama’s consumers. The physical and digital cards make it possible to instantaneously convert cryptocurrency to fiat and use it everywhere Visa is accepted. The cards come with some unique advantages, such as a 2% BTC reward on all purchases for the Gold plan. Lama, a
June 14, 2023 2 mins read
Sturdy Finance, a decentralized finance (DeFi) platform, has declared a $100,000 bounty to the hacker who discovered the protocol’s vulnerability. If the attacker accepts the offer, the lending platform’s team won’t take any more action. On June 12th, over $800,000 worth of digital assets were stolen from the DeFi platform.
June 13, 2023 2 mins read
As a form of protest against Reddit’s contentious charges against developers of third-party applications, some communities, including major crypto subreddits, have opted to go private for 48 hours. Five of the top 10 communities on the site, with memberships of more than 30 million people each (r/gaming, r/aww, r/Music, r/todayilearned,
June 12, 2023 2 mins read
Kevin O’Leary, a star of “Shark Tank” and stakeholder in FTX, has said that he would dismiss Coinbase CEO Brian Armstrong in light of the recent crackdown by the US Securities and Exchange Commission. For “butting heads” with the US SEC, O’Leary had harsh words for Armstrong. Coinbase CEO Brian
June 12, 2023 2 mins read
When a federal court in Wyoming rejected requests to dismiss filed by the Federal Reserve and the Federal Reserve Bank of Kansas City, Custodia Bank gained ground in its legal struggle against the Fed. In June of 2022, the digital asset bank filed a lawsuit against the Federal Reserve over
June 11, 2023 2 mins read
