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Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure
9.6.2023
Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S....
After Binance, Coinbase comes under the scrutiny of the SEC
7.6.2023
The US Securities & Exchange Commission has charged Coinbase with the allegations of failing to register the offering of staking-as-a-service. This is on top of not registering the buying and selling of securities. Coinbase, here, seems to be on the path of Binance, which was recently charged...
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...
Binance entities and Changpeng Zhao come under SEC scrutiny
6.6.2023
The US Securities & Exchange Commission, also known as SEC, has announced that they have filed Section 13 charges against Binance, BAM Trading Services, and Changpeng Zhao for violating several security laws. A brief summary mentioned by the SEC states that the charges are related...
Are Web3 apps under scrutiny?
5.6.2023
One of the biggest challenges Web3 apps are facing is the difficulty of reaching a wider audience
Binance plans new round of layoffs amid increased regulatory scrutiny
31.5.2023
Binance's chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space
Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers
31.5.2023
Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement
American Crypto Exchange Bittrex Declares Bankruptcy Amid SEC Scrutiny – is Binance US Next?
9.5.2023
Bittrex US has filed for bankruptcy in a federal court in Delaware less than a month after the US Securities and Exchange Commission accused the crypto platform of running an unregistered securities exchange.
On Monday, the US arm of cryptocurrency exchange Bittrex Global filed for Chapter...
Coinbase Faces Existential Risk as SEC Increases Scrutiny on Crypto
5.5.2023
The US-based crypto exchange Coinbase is facing an “existential risk” as the Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry, a financial analyst has warned.
The warning from the analyst followed renewed concerns among Coinbase investors that tokens listed...
Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
3.5.2023
Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX.
On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai's Virtual Assets Regulatory Authority (VARA) for promoting...
Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say
27.4.2023
A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will...
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
1.4.2023
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
25.3.2023
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice...
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements
21.3.2023
The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part...
Blur achieves a grand sales vol., lands under scrutiny for manipulation
20.3.2023
The NFT marketplace is fierce, with every platform trying to outperform the other platform in terms of sales volume. Blur NFT marketplace was able to surpass OpenSea in the last 30 days by delivering a sales volume of $1.88 billion in comparison to $474.58 million by OpenSea. This has come under...
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
17.3.2023
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank
Binance Faces Scrutiny as Senators Request Information on Business Operations – Crypto Clampdown Incoming?
3.3.2023
Three US senators have asked Binance and its US partner Binance.US to provide detailed information regarding their business operations amid accusations of illegal practices.
In a letter dated Wednesday, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Roger Marshall (R-Kansas)...
In Creating Better Web3 Experiences, Developers Must Anticipate Regulatory Scrutiny
27.2.2023
Web3 developers will need to integrate the solutions to both technical and regulatory hurdles as they continue to build accessible and streamlined Web3 dapps