Sun, July 12

Crypto.com Suspends Exchange Services for U.S Institutional Clients

Crypto.com, the Singapore-based crypto exchange, will suspend exchange services for U.S. institutional clients. This suspension will take effect on June 21. The exchange added that the decision would not affect retail investors.  Crypto.com’s decision to suspend the services comes in the same week as the U.S. Securities and Exchange Commission

June 9, 2023 1 min read

Robinhood Delists Solana (SOL), Polygon (MATIC) and Cardano (ADA)

Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that

June 9, 2023 2 mins read

Coinbase’s Credit Rating Lowered by Moody’s From Stable to Negative

Coinbase’s credit rating has been lowered by Moody’s from “stable” to “negative.” As a result of the SEC’s legal action against the cryptocurrency exchange for allegedly acting as an unregistered securities broker. Moody’s explained the cut on June 8 by saying it was worried about how the SEC action would

June 9, 2023 2 mins read

Binance.US Halts USD Deposits Under SEC Pressure

Binance.US, one of the leading cryptocurrency exchanges in the United States, has recently announced the suspension of USD deposits and issued a warning regarding an upcoming withdrawal pause. The decision comes as Binance.US aims to safeguard its customers and the platform from what it describes as “extremely aggressive and intimidating

June 9, 2023 2 mins read

Binance Pay Partners With Credencial Payments in LATAM

Binance Pay has partnered with Credencial Payments, a payment solution provider located in Latin America (LATAM), in a major step toward increasing access to digital currencies in LATAM. CZ, CEO of Binance, also tweeted about the agreement that would streamline crypto payments in the area. Credencial Payments’ current infrastructure will

June 8, 2023 2 mins read

FTX Reportedly Planning To Sell Stake in OpenAI Competitor Anthropic

According to Semafor, FTX is considering selling its interest in OpenAI competitor Anthropic. According to reports from November 2022, the cryptocurrency exchange now owns over $500 million worth of shares in Anthropic. Semafor reports that the bank that might be selling the shares is Perella Weinberg, and that the bank

June 7, 2023 1 min read

Cathie Wood Acquires $21.6M Worth of Coinbase Stock Amid Price Fall

On June 6, when Coinbase Global Inc. shares plunged to over five-month lows owing to the Securities and Exchange Commission’s crackdown on the crypto sector, Cathie Wood’s Ark Invest increased its investment in the company. On June 7, the three funds controlled by Cathie Wood had acquired about 400,000 shares

June 7, 2023 1 min read

Robinhood Evaluating Cryptocurrency Offerings Amidst SEC’s Crackdown

After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,

June 7, 2023 1 min read

Binance Prioritizes Users Safety Over SEC Intense Move

Crypto enthusiasts are on the edge of their seats as the intense battle between the SEC and Binance continues to unfold with each new update. The SEC’s recent move to file an emergency motion with the District of Columbia U.S. District Court, seeking to freeze the assets has sent shockwaves

June 7, 2023 2 mins read