The U.S. Securities and Exchange Commission (SEC) has reinforced its strict stance on limiting crypto custody services for banks and regulated financial firms. In a recent talk at a banking conference on September 9, SEC Chief Accountant Paul Munter reaffirmed the agency’s firm position on rules governing the custody of
In a group interview held during Wednesday’s Korea Blockchain Week (KBW) 2024 event in Seoul, Tools for Humanity CEO Alex Blania said that the present goal of Worldcoin is the broad distribution of iris-scanning “Orbs” in order to grow the project and make it more useful. Co-founded by Blania and
Coinbase has re-entered the Hawaiian market after a seven-year interval. This move follows Hawaii’s relaxation of money transmitter licenses and cash reserves rules enabling residents to buy, sell, and manage digital assets. In 2017, Hawaii’s DFI imposed requirements that forced Coinbase to cease operations in the region. The key regulatory
Coinbase has escalated its legal confrontation with the U.S. Securities and Exchange Commission (SEC) by filing a motion for court relief, citing what it perceives as the SEC’s unfair and inconsistent regulatory tactics. The crypto exchange’s Chief Legal Officer, Paul Grewal, pointed out that the SEC’s refusal to produce essential
Space and Time Labs, a Microsoft M12-backed firm developing a verifiable compute layer for blockchain and artificial intelligence, has named Rika Khurdayan as its chief legal officer. The announcement was made today. Khyurdayan is a seasoned legal expert with significant experience in crypto and blockchain. Robinhood Markets, Inc. agreed to purchase Bitstamp in June, where she was
August has been challenging for altcoins, with Ethereum, the leading altcoin, hitting a seven-month low of $2,111. Despite the market downturn, significant whale movements are drawing attention. A prominent ICO-linked whale recently deposited another 5,000 ETH ($13.2 million) to OKX, just 12 hours before Ethereum’s price dropped further. Since July
Notable crypto market activity occurred on August 9 when Ark Invest, run by Cathie Wood, sold off a large chunk of its Ethereum futures exchange-traded funds. The outcome of this judgment can be bad news for Ether ETPs on the market. Also, in light of the increasing withdrawals from spot
Ark Invest, which is headed by Cathie Wood, has sold off a substantial number of Coinbase (COIN) shares just before the cryptocurrency exchange reports its Q2 results. The recent sale of more than 12,000 COIN shares, according to data made public today, has sparked fears of a potential price decline
As the cryptocurrency market recovers from a rocky start to the year, Dogecoin (DOGE) celebrates a major milestone and the Shiba Inu community remains active. Meanwhile, cryptocurrencies like ADA and TON show bullish signs. Amid these events, BlockDAG, a layer-1 blockchain project, has surged in popularity, its presale reaching a
While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments. The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that
