Summary: Market maker Cumberland withdrew nearly 25,000 ETH from Binance and Coinbase. The market maker seems to have bought the...
SEC Chair Gary Gensler stated in a recent interview that the United States doesn't need more digital currency. Chair Gensler added that digital currency already existed, in the form of the U.S. dollar and other fiat currencies.
The U.S. SEC has agreed to settle the insider trading charges filed against former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi.
Arrington Capital led Fahrenheit LLC, which counts Coinbase and US Bitcoin Corp among its backers, has emerged as the top bidder for Celsius' assets.
Coinbase's layer 2 network Base recently published a roadmap detailing the milestones to be achieved on the way to mainnet launch. Base also stated that there are no plans to issue a network token.
A lawyer representing Celsius Network has revealed that the crypto lender plans to conclude its bankruptcy auction within a week.
In response to Coinbase's mandamus petition, the U.S. Securities and Exchange Commission has indicated that it will continue using enforcement actions as a substitute for rulemaking for the crypto industry.
Former Coinbase product manager Ishan Wahi has been handed a two year prison sentence for his role in an insider trading scheme involving crypto tokens. Wahi has been ordered to surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey.