Coinbase Responds To SEC’s Wells Notice, Rejects Rule Breaking Allegation
Coinbase has formally responded to the Wells Notice issued by the SEC last month. CEO Brian Armstrong has urged the regulator to not choose litigation and find a path forward…
Crypto Phishers Lift $4 Million From Unsuspecting Users’ Pockets Using Google Ads
Summary: Ad data and on-chain analytics show that crypto phishers use websites promoted on Google to steal value for unsuspecting users. A report from analytics firm ScamSniffer said over $4…
Belgium’s First And Only Crypto Lender Bit4you Is Suspending Its Activities
Bit4you has announced the suspension of its activities following the insolvency of a major service provider. The Brussels-based firm was Belgium’s first and only crypto lending platform. The insolvent service…
PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions
Summary: CAKE token declined on the week as the PancakeSwap community voted for an “aggressive reduction” in staking rewards. The DAO proposed slashing the number of tokens stakers earn as…
Celsius Creditors Want To Subpoena FTX Over Suspicious CEL Trades
Celsius’ creditors are seeking a judge’s help to get info on FTX users involved in a series of suspicious trades. The Unsecured Creditors Committee believes that the trades manipulated the…
Polygon Now Supports Franklin Templeton’s OnChain U.S. Govt Fund
Franklin Templeton has expanded its OnChain U.S. Government Fund On Polygon. The expansion is part of the investment firm’s effort to increase operational efficiency through blockchain-integrated systems. The fund’s debut…
Bittrex Global Plans To Fight The SEC’s Charges In Court
The CEO of Bittrex Global has revealed his company’s plans to fight the charges filed by the U.S. SEC. CEO Oliver Linch believes that the securities regulator is mistaken in…
Circle To Allow Users Move USDC Between Avalanche And Ethereum
Summary: Circle announced its Cross-Chain Transfer Protocol or CCTP to allow asset transfers between Ethereum’s blockchain and the Avalanche network. USDC users will be able to move stablecoins across Ethereum…
Bahamas Readies Stricter DARE Crypto Regulations After FTX Saga
Summary: Authorities in the Bahamas are working on drafting and implementing improved laws to govern crypto businesses in the country. The move comes months after FTX, a major crypto exchange…
Avalanche (AVAX) Up 5% After Cortina Mainnet Rollout
Summary: Avalanche L1 network shipped a key upgrade to better the network for developers and blockchain builders. The upgrade called Cortina migrated the X-chain on Avalanche so that the whole…
Pepe & Other Memecoin Hype Sends Ethereum Gas Fees Through The Roof
Ethereum gas fees soared in the past few days due to the frenzy surrounding meme-inspired cryptocurrencies. The popularity of these coins has led to the growing demand for transactions on…
FTX Announces LedgerX’s Sale For $50 Million
FTX debtors have reached an agreement with an affiliate of Miami International Holdings to sell LedgerX. LedgerX will be sold to M7 Holdings for $50 million after it emerged as…
Binance US Terminates $1 Billion Deal To Acquire Voyager
Binance US has sent a letter to Voyager informing it of the termination of the purchase deal. The $1 billion deal to acquire Voyager Digital has faced multiple hurdles including…
CFTC Commissioner Hasn’t Ruled Out A Settlement In Binance Lawsuit
The CFTC is reportedly in communication with Binance over the ongoing lawsuit regarding the exchange’s conduct. Commissioner Kristin Johnson revealed that the regulator hopes to find a path forward with…
Globix $43 Million Recovery Receives Boon From Gibraltar Court
Summary: A Gibraltar court ruled for crypto exchanges to work with liquidators from beleaguered crypto trader Globix as the platform hopes to recover $43 million in digital assets. The court…