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Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase
28.3.2023
The crypto revolution was supposed to make finance more decentralized, but much of the industry is centralized. Regulatory pressure could change that
Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdown
28.3.2023
Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees
The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here
22.3.2023
Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
21.3.2023
Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Coinbase Crypto Exchange Considers Overseas Trading Platform Amid U.S. Crypto Crackdown – Here's What You Need to Know
18.3.2023
Coinbase is considering setting up a digital asset exchange outside the United States amid increasing regulatory pressure and a souring banking climate for crypto firms.
The largest cryptocurrency exchange in the U.S. has contacted its institutional clients about plans to establish a new crypto...
Coinbase reiterates that staking services will continue, despite SEC crackdown
11.3.2023
Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue
UK Widens Crackdown on Unauthorized Crypto ATMs
9.3.2023
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks...
Coinbase to suspend BUSD trading due to regulatory crackdown
28.2.2023
Coinbase, the second-biggest crypto exchange by trading volume, announced the suspension of BUSD trading. The exchange has also delisted the Paxos-backed stablecoin from the platform. Paxos recently received an ultimatum from the NYDFS (New York State Department of Financial Services.)...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
28.2.2023
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...
The SEC’s Crackdown on Ethereum Staking Has a Silver Lining
23.2.2023
The SEC’s recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore crypto’s original mission
Frax Finance to retire algorithmic backing amid stablecoin crackdown
23.2.2023
The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing
US regulatory crackdown leads to $32M digital asset outflows: CoinShares
21.2.2023
Institutional investors are feeling the heat as the SEC targets all aspects of the crypto industry in the United States
FTX poked the bear and the bear is pissed — O'Leary on the crypto crackdown
21.2.2023
Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another
Digital Asset Funds See $32M Outflows Amid U.S. Crypto Crackdown
20.2.2023
Digital asset investment funds saw $32 million in net outflows last week amid a flurry of aggressive regulatory actions from U.S. authorities.
According to a recent report by CoinShares, the $32 million in outflows marks the largest withdrawal from crypto funds since late December 2022.
It...
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...
Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto
18.2.2023
Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt
SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined
17.2.2023
The DeFi market’s total value locked surpassed $50 billion for the first time in six months thanks to the bullish burst in the crypto market over the past week
Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
17.2.2023
The crypto exchange has been investigated by a host of U.S. regulators and government agencies
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin