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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…
Circle Internet Financial Ltd., the issuer of the USD Coin, a stablecoin pegged to the US dollar, has confirmed that it has $3.3 billion worth of its reserves at Silicon Valley Bank,…
The New York Attorney General, Letitia James, has filed a lawsuit against KuCoin exchange for failing to register as a securities and commodities broker-dealer and misrepresenting itself as an exchange. In a…
Former BitMEX CEO Arthur Hayes has proposed a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar that is pegged to Bitcoin and inverse perpetual swaps of BTC against USD. Unlike…
US-based Silvergate Bank, a crypto-friendly bank, has announced its “voluntary liquidation” and plans to wind down its operations. The bank faced inquiries from bank regulators, the Department of Justice, and accounting firms…
Coinbase has launched a new product called Wallet-as-a-Service (WaaS), which enables companies to create fully customizable web3 wallets within their own apps. The product aims to simplify wallet onboarding and user experience…
The Indian government has notified crypto companies to comply with the Prevention of Money Laundering Act (PMLA) of 2002. The Gazette of India published a notification from the Ministry of Finance on…
Bankrupt crypto lender, Voyager Digital, has been granted court approval to sell its assets and transfer its customers to Binance.US for $1.3 billion. The restructuring plan, which centers around the acquisition, was…
Brazil’s central bank has announced plans to launch a digital currency pilot project to promote financial services in the country. The project, which will involve buying and selling federal public bonds among…
Alameda Research, the trading branch of FTX, a bankrupt digital-asset exchange, has sued Grayscale Investments. The lawsuit claims “exorbitant management fees” and accuses Grayscale of “improperly preventing redemptions” from the Bitcoin and…
You are all caught up.
