Sberbank, Russia’s largest bank, has announced that it is set to allow customers to trade crypto. The individuals will get access to operating and be able to make transactions using the digital financial assets on the Sberbank platform in June. Popov, deputy chairman of the bank, stated that the citizens
In a surprising twist, Ripple (XRP) stands firm above the $0.50 mark even after the Securities and Exchange Commission (SEC) took legal action against prominent exchanges Binance and Coinbase. While most alternative coins experienced a dip in value, XRP’s resilience in the face of adversity is notable. $XRP remains above
A day after purchasing over $21 million in Coinbase (COIN) shares, Cathie Wood’s Ark Invest acquired millions in shares of Jack Dorsey’s payment business Block Inc (SQ). Cathie Wood, a self-described “crypto bull,” recently discussed the contrasts between the Binance and Coinbase cases and reaffirmed her $1 million Bitcoin price
Over this week, the crypto industry is at risk due to the back-to-back lawsuit from SEC against the major crypto firms. However, the Australian Commonwealth Bank (CBA) is prepared to shut the crypto payments to some of the exchanges or keep them on hold concerning the scams. Following the CBA
Circle Internet Financial, the company behind the USDC stablecoin, has appointed former CFTC chairman Heath Tarbert to serve as the company’s chief legal officer and director of corporate affairs. Tarbert worked in the executive, legislative, and judicial departments of the federal government, as well as the CFTC. Heath Tarbert was
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
Following the disclosure of the SEC’s lawsuit against Coinbase on June 6, there has been a notable increase in users unstaking their staked ether on the exchange. On-chain data compiled by blockchain firm 21 reveals that during this period, a total of 39,550 Coinbase Staked Ether (cbETH) valued at $75
After more than six weeks of sideways trading, cryptocurrency analysts and investors are keenly observing the movements in the crypto market. One token of special interest from holders is Binance Coin (BNB), especially after the United States Securities and Exchange Commission (SEC) called it a security. On the other hand,
Sebastien Borget, co-founder and Chief Operating Officer of The Sandbox, addressed the effect of its SAND token possibly violating U.S. securities laws in response to the sensational lawsuits brought against two top crypto exchanges this week. This week, the United States Securities and Exchange Commission (SEC) increased crypto enforcement. Thus,
Circle Internet Singapore, Circle’s subsidiary in Singapore, has been granted an MPI license by the Monetary Authority of Singapore (MAS). Circle Singapore launched its office in May after receiving in-principle MPI permission from MAS in November last year. Circle, the fintech company behind the USDC and Euro Coin (EUROC) stablecoins,
