Coinbase's share price tanked more than 9% after state regulators from California, New Jersey, South Carolina, and Wisconsin directed the crypto exchange to pause its staking services.
Coinbase CEO Brian Armstrong has revealed that the crypto exchange will not shut down its staking program. Chief Legal Officer Paul Grewal added that the exchange had no plans to delist the tokens named in the SEC's lawsuit.
The SEC's crackdown on staking services in the U.S had led to traders turning to DeFi staking protocols. Governance tokens of liquid staking services were very volatile over the past 24 hours.
Summary: SEC Commissioner Hester Pierce disagreed with the regulator’s move to shut down Kraken’s staking service. Pierce noted that the...
Luna stakers unable to withdraw tokens as UST depeg continues.
Quick take: Terra (LUNA) opened the day at $80.5 and went on to hit a local peak of $99.55 The...
Quick take: The staking feature on the Zilliqa (ZIL) is soon to go live. The team at Zilliqa has announced...