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Binance, a cryptocurrency exchange, and its CEO CZ have been facing a lot of scrutiny lately. The US Commodity Futures Trading Commission (CFTC) recently filed charges against the company, and a report…
Seattle-based cryptocurrency exchange Bittrex has announced that it will close down its operations in the US. The exchange’s CEO, Richie Lai, cited an uncertain regulatory environment as the reason behind the move.…
In response to the controversy surrounding the USDC stablecoin, Binance, the world’s largest cryptocurrency exchange, has converted its $1 billion Industry Recovery Initiative funds into Bitcoin (BTC), Ethereum (ETH), and BNB (Binance…
Circle Internet Financial, the issuer of the USDC stablecoin, has pledged to “cover any shortfall” in the assets backing the stablecoin. This comes as the company did not receive the entirety of…
Coinbase, one of the top cryptocurrency exchange platforms, has announced the listing of $EUROC, a stablecoin backed by the Euro and issued by Circle. The listing comes amidst some controversy regarding stablecoin…
San Francisco-based cryptocurrency exchange, Kraken, has reached a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Kraken will pay $30 million in penalties and shut down…
According to CAR leader Faustin-Archange Touadéra, the Central African Republic (CAR) has set up a committee to draft a bill on the use of cryptocurrencies. The committee, comprising of 15 experts from…
The Dutch central bank, De Nederlandsche Bank (DNB), has imposed a fine of 3.3 million euros ($3.6 million) on cryptocurrency exchange Coinbase for non-compliance with local regulations for financial service providers. According…
In Japan, Coinbase Global Inc. will no longer conduct business. Kraken, another significant digital asset exchange, announced its departure from the country less than a month prior. Even though Bitcoin’s price has…
A US Commodity Futures Trading Commission (CFTC) commissioner has asked Congress to stop letting cryptocurrency exchanges “self-certify” and list tokens without supervision. The head of the CFTC, Christy Goldsmith Romero, said, “I’m…
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