The U.S. SEC has issued a Wells notice to Coinbase, signaling its intention to initiate enforcement action against the crypto exchange. Coinbase's share price tanked 11% in after-hours trading.
Popular crypto veteran Arthur Hayes believes that Bitcoin can cross the $1 million mark, thanks to the U.S. Federal Reserve's new Bank Term Funding Program.
Summary: Telegram users can now send and receive USDT transactions within chats on the messaging app, CoinDesk reported citing an email from the social network giant. USDT was added to the platform’s Wallet marketplace, joining other cryptocurrencies like Bitcoin and Toncoin. The messaging app has been linked with crypto adoption...
Summary: The Twitter account of Circle’s CSO and Head of Global Policy Dante Disparte was compromised on Wednesday. CEO Jeremy Allaire confirmed that Disparte was hacked after his account tweeted a fake USDC airdrop link. Phishing scammers have targeted verified Crypto accounts in the past to drain unsuspecting users of...
XRP has gained more than 28% over the past 24 hours thanks to a Notice of Supplemental Authority filed by Ripple. The letter highlighted a recent ruling related to crypto and securities, and is expected to strengthen Ripple's defense in the legal battle against the SEC.
SushiSwap's CEO Jared Grey has proposed a $3 million legal defense fund to cover legal costs for core contributors after Sushi DAO and Grey were subpoenaed by the U.S. SEC.
Summary: Stablecoin issuer Circle plans to set up shop in Paris and expand into other European markets from the French capital. The crypto payments company also applied for an e-money service provider license as part of its growth strategy in Europe. CEO Jeremy Allaire added that the USDC issuer is...
Summary: Some community members of the decentralized crypto exchange backed the early mover proposal to deploy GMX on Coinbase’s L2 blockchain. Concerns were raised over possibly doxxing the protocol’s pseudonymous founders as Base could require KYC verification and AML checks. Coinbase recently launched the L2 blockchain Base using Optimism’s OP...
Coinbase reportedly offered a $3.3 billion credit line to Circle to ensure liquidity for USDC following the FDIC's decision to shut down Silicon Valley Bank.
Summary: Dubai’s crypto regulator approved an MPV Preparatory License for Crypto.com per a Monday update from the exchange. Monday’s announcement marks the second stage of Dubai’s three-stage crypto license regime. The crypto exchange previously bagged the regulatory nod to offer digital asset services in Italy, Singapore, and South Korea to...
