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US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval
15.8.2023
Members of the House Financial Services Committee questioned the “timing and circumstances” of FINRA approving Prometheum’s special purpose broker-dealer license in May
Coinbase earnings show the company is now much more than just an exchange
4.8.2023
The Coinbase earnings report shows that services and subscriptions are the exchanges’ core revenue streams. Is this a positive or a negative?
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...
Binance Obtains Dubai License to Provide Crypto Exchange Services
2.8.2023
The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and qualified retail investors. Dubai Virtual Assets...
Rep. George Santos Tried to Broker Cryptocurrency Deal with Donor During Congressional Campaign
31.7.2023
US Republican Congressman George Santos attempted to set up a crypto-related investment deal with a donor during an election campaign in 2020, according to a recent New York Times report.
The crypto investment scheme was pitched to a loyal Republican donor during Santos’ first Congressional...
Binance to offer crypto broker-dealer services in Dubai with new license
31.7.2023
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai
Crypto Broker Hidden Road Collaborates With Confidential Exchange Enclave Markets
27.7.2023
Enclave’s Fully Encrypted Exchange, or FEX, creates a confidential trading environment rather like a dark pool in traditional markets
US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License
14.7.2023
U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector...
U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
10.7.2023
U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured federal permissions to offer crypto trading services
Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation
2.7.2023
According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval...
Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges
28.6.2023
Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
19.6.2023
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year
Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings
17.6.2023
Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by...
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing
15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...
Crypto Broker FPG Suspends Services After $15 Million Cyberattack
15.6.2023
Floating Point Group (FPG), a crypto prime brokerage, has suspended all withdrawals, deposits and trading on its platform after suffering from a $15 million cyberattack over the weekend.
The firm said in a Twitter thread on Wednesday that although it had managed to limit the overall impact of...
Institutional crypto broker FPG halts withdrawals after $20M cyberattack
15.6.2023
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening
Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack
14.6.2023
FPG told customers via email that it had ceased trading, deposits and withdrawals after experiencing a cyber security incident on Sunday, June 11
Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations
8.6.2023
Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities...
Robinhood ‘Actively Reviewing’ Listed Coins After SEC Sues Binance and Coinbase
7.6.2023
Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities....
Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations
6.6.2023
After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning as an unregistered broker since 2019. SEC Alleges...