▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The gangly 27-year old Ethereum founder has a vision for humanity’s future that goes far beyond making a quick buck on … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Crypto exchange Coinbase said it received a ‘Wells Notice’ from the United States Securities and Exchange Commission recommending the regulator take enforcement action. In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking program Coinbase Earn, listed digital assets, its wallet, or Coinbase Prime services. A Wells Notice letter typically warns a company that the SEC may follow with an enforcement action, but Coinbase provided no details other than “possible violations of securities laws.” “We asked the SEC specifically to identify which assets…
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia Expresses Support for Using Chinese Yuan in International Settlements President Vladimir Putin of Russia has made statements supporting substituting the U.S. dollar as a settlement currency for settling international payments. As part of the visit…
Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger. Participants in the round include ION Group, SoftBank Vision Fund 2, Velvet Sea Ventures and some existing investors. According to eToro, the funding stems from an Advance Investment Agreement (AIA) entered in early 2021 as part of its proposed SPAC transaction. The AIA is…
Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms. We are pleased to be the first bank in the world to fully integrate with USDC, enabling our members to send and receive USDC from their US Dollar accounts,…
“As of March 27, 2023, Kraken clients will no longer be able to use ACH deposits and withdrawals through Silvergate,” the company told CryptoX in an email. “We are working to make ACH funding options available through alternative funding providers as soon as possible and will communicate details with clients as soon as we can.” Source ACHDepositsKrakenShutdownSilvergateSuspendWithdrawals CryptoX Portal
“If needed, we welcome a legal process to provide the clarity we have been advocating for and to demonstrate that the SEC simply has not been fair or reasonable when it comes to its engagement on digital assets,” said Paul Grewal, Coinbase’s chief legal officer, in a statement. “Until then, it’s business as usual.” Source
Popular crypto veteran Arthur Hayes says it’s possible for Bitcoin to cross the $1 million threshold. Hayes believes that the Federal Reserve’s new Bank Term Funding Program will pump BTC massively. The $1 million projection became popular after former Coinbase executive Balaji Srinivasan made a public bet on the same. Arthur Hayes, the popular crypto veteran who founded crypto exchange BitMEX, believes that Bitcoin has the potential to cross the million-dollar threshold. In a recent podcast with Bankless, Hayes shared his thoughts on the United States Federal Reserve’s new banking…
Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies could be “significant” in times of stress, it found. The Office of Financial Research study considered a theoretical “stable state” in the financial sector, after stablecoin or CBDC had been successfully introduced. This contrasts with studies that looked at the risks of bank runs and disintermediation caused by the introduction…
The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron Founder Justin Sun Charged for Selling Unregistered Securities and Market Manipulation The U.S. SEC announced today a series of charges against Tron founder Justin Sun, and the Tron Foundation, declaring that the foundation…