Summary: On Thursday, Crypto’s largest stablecoin USDT from Tether slightly depegged as a token imbalance rocked Curve’s popular 3pool. Tether balances on Curve’s stablecoin pool peaked at 76% at press time as traders sold millions of USDT for DAI and USDC. “We are ready to redeem any amount” CTO Paolo...
Summary: The investment provider will delist four cryptocurrencies for U.S. customers in response to the SEC’s lawsuits against Binance and Coinbase. Customers will not have the option to open new ALGO, MANA, DASH, and MATIC positions from July 12. Users can still hold and sell their positions until further notice....
Summary: The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token. Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday. SOL, ADA, and MATIC market values initially dropped after the...
Summary: Venture Capital behemoth Andreessen Horowitz announced its first office outside the U.S. set to open later this year. The A16z office led by General Partner, Sriram Krishnan will be stationed in London as a strategic investment point for growing the UK’s web3 ecosystem. Prime Minister Rishi Sunak praised the...
Robinhood will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27, 2023 in light of the recent enforcement actions initiated by the SEC over offering of alleged crypto securities.
SEC Chairman Gary Gensler has accused crypto firms of willingly flouting rules and risking enforcement actions as the cost of doing business in the United States.
The Financial Conduct Authority of UK has unveiled stricter rules for crypto marketing in the country. The new rules will prevent crypto firms from offering "refer a friend" schemes and will require new crypto investors to have a 24 cooling off period.
Summary: Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS). The license allows USDC’s issuer to provide local and cross-border payments and digital payment token facilities in the city-state. Singapore is a springboard for Circle’s international expansion and operations in the greater Asia...
Summary: Market maker Cumberland withdrew nearly 25,000 ETH from Binance and Coinbase. The market maker seems to have bought the dip after crypto prices slumped on the back of SEC lawsuits. Binance and Coinbase are accused of operating unregistered security exchanges in violation of U.S. laws. Both platforms deny the...
Summary: The financial watchdog said 16 cryptocurrencies count as securities according to documents filed at a federal court. Tokens like SOL, MATIC, and ADA were named in lawsuits against Binance and Coinbase alleging violation of U.S. law. Chair Gary Gensler told CNBC that there’s no need for additional digital currencies...
Summary: The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange. Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit against Binance. CEO Zhao replied “4” calling the lawsuit FUD and the...
