Circle USDC Deployed On Arbitrum Network
Circle, the leading stablecoin issuer, has announced its plan to deploy its native token USD Coin (USDC) on the Arbitrum network. The Arbitrum Foundation also confirmed this deployment in a…
SEC Chair Gary Gensler Accuses Crypto Firms Of Willingly Flouting Rules
SEC Chairman Gary Gensler has alleged that crypto firms made a calculated decision to evade rules. Gensler also denied the allegations of crushing the crypto industry through enforcement actions. The…
Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit
Coinbase CEO Brian Armstrong sold nearly 30,000 shares of his company worth over $1.7 million. Armstrong sold the company’s shares two days before the SEC initiated enforcement action against his…
USDC Issuer Circle Recruits Former CFTC Chair For Legal Chief Role
Circle has tapped former CFTC Chairman Heath Tarbert to serve as its Chief Legal Officer and Head of Corporate Affairs. Tarbert boasts an impressive career that includes stints at the…
Commonwealth Bank Australia To Tackle Crypto Scams With New Risk Measures
Summary: The measures introduced by the CBA include holds, declines, and limits on outgoing transfers to crypto exchanges. CBA will also introduce a monthly $10,000 limit on these transactions in…
Do Kwon May Be Sentenced To 40 Years In South Korean Prison
Do Kwon may be sentenced to over 40 years in prison in South Korea. A senior South Korean prosecutor Dan Sunghan stated that the Terra founder may spend most of…
UK FCA Unveils Stricter Rules For Crypto Marketing
The United Kingdom’s Financial Conduct Authority has unveiled new marketing rules for crypto firms. First-time crypto investors will get a 24-hour cooling period to prevent impulse buys. The FCA’s new…
Coinbase Has No Plans To Shut Down Staking Or Delist Tokens
Coinbase CEO Brian Armstrong has confirmed that the exchange will not shut down staking services. Chief Legal Officer Paul Grewal revealed that the company had no plans to delist any…
Binance CEO Changpeng Zhao Summoned By D.C District Court
Binance CEO Changpeng Zhao has been summoned by the D.C. District Court. The summons requires Zhao to respond to the lawsuit filed by the Securities and Exchange Commission within 21…
Cathie Wood’s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount
Summary: Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit. Cathie Wood’s company filled their coffers as the second largest COIN holders…
Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen
Summary: Data from blockchain intelligence startup Nansen showed negative netflow from Coinbase and Binance after the U.S. SEC sued both crypto exchanges. Binance and Binance US recorded a combined negative…
Circle’s Singapore Affiliate Bags License For DPT Services
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…
Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations
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…
U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets
The United States SEC has filed a motion to freeze the assets of Binance US. The securities regulator is seeking a temporary restraining order from the D.C. District Court. The…
Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court
Coinbase CEO Brian Armstrong has highlighted the SEC’s harmful regulation by enforcement approach in light of the recent lawsuit. Armstrong reminded everyone that the SEC reviewed his company before allowing…