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Binance, CZ, and Influencers Face $1 Billion Lawsuit
Binance, a cryptocurrency exchange, and its CEO CZ have been facing a lot of scrutiny lately. The US Commodity Futures Trading Commission (CFTC) recently...
Bittrex to Close Down US Operations as Regulatory Pressure Mounts
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...
Binance Converts $1 Billion Industry Recovery Fund to Bitcoin
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...
Circle to Cover Shortfall in USDC Stablecoin Amidst SVB’s Collapse
Circle Internet Financial, the issuer of the USDC stablecoin, has pledged to “cover any shortfall” in the assets backing the stablecoin. This comes as...
Coinbase Adds Euro-Backed Stablecoin EUROC Amidst Controversy
Coinbase, one of the top cryptocurrency exchange platforms, has announced the listing of $EUROC, a stablecoin backed by the Euro and issued by Circle....
Kraken to Pay $30 Million and End Staking Services to US Clients
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...
Central African Republic Sets Up Committee to Draft Cryptocurrency Legislation
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...
Coinbase Fined 3.3 Million Euros by Dutch Central Bank for Regulatory Non-Compliance
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...
Coinbase Stops Operations in Japan Amid a Trading Slump
In Japan, Coinbase Global Inc. will no longer conduct business. Kraken, another significant digital asset exchange, announced its departure from the country less than...
Crypto Exchanges Shouldn’t “Self-Certify” Tokens: CFTC Commissioner
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...
Former SEC Official Warn: The Regulatory Onslaught Is Just Beginning
Former SEC internet enforcement chief John Reed Stark has cautioned that the crypto industry is about to face a "regulatory onslaught." For 11 years,...
Treat Cryptocurrencies Same as Regular Banks: Japan’s Regulators
Following the failure of Sam Bankman-Fried's FTX digital-asset exchange, Japan is calling on regulators worldwide to treat cryptocurrencies with the same strictness as banks....