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Coinbase Receives Cease and Desist Notices from 11 US States
7.6.2023
Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states.
The Alabama Securities and Exchange Commission (ASC), alongside ten other US states, filed charges against Coinbase for violating securities...
Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities
6.6.2023
After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state....
Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
31.5.2023
In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents....
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
31.5.2023
Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have been redeemed thus far. Within the span of...
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
23.5.2023
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution,...
Malaysia Says Crypto Exchange Huobi Global Isn't Registered, Must Cease Operations
22.5.2023
The country's regulator told CEO Leon Li to ensure the website and mobile apps are disabled
Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service
4.5.2023
Global crypto giant Coinbase has announced plans to shutter its loan services.
Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers.
The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous...
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
4.5.2023
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
15.4.2023
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from...
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
5.4.2023
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could
DeFi Platform Lido to Cease Staking on Polkadot, Kusama in August
29.3.2023
Decentralized finance staking service Lido has passed a governance vote to sunset its staking program with Polkadot and Kusama
CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein
28.3.2023
The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said
OKX to cease operations in Canada by June 22 2023
20.3.2023
"Withdrawals from OKX will continue to be available," wrote the OKX team in an email to users. ͏ ͏ ͏ ͏
FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
15.2.2023
The agency issued a cease-and-desist letter on Wednesday
New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers
5.2.2023
These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes
Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
27.1.2023
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
Nexo agrees to $45M settlement with SEC and NASAA over earn product
19.1.2023
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement
Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
19.1.2023
Nexo began offering its Earn Interest Product to U.S. customers in June 2020
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
9.1.2023
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...