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.
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...
Bankruptcy Judge Michael Wiles has rejected the U.S. Justice Department's appeal to put a stay on Voyager Digital's sale to Binance US, a deal valued at $1.3 billion.
Binance is set to suspend deposits and withdrawals via bank transfers for its UK-based customers. The decision comes after the exchange's local banking partner ended ties due to the regulatory environment.
Binance is reportedly looking to acquire CoinDesk for around $75 million. Negotiations for the deal are currently on hold as the exchange is anticipating an exodus of journalists following the acquisition.
