Friction between crypto proponents and the regulator have been brewing under Gensler’s leadership, with both sides growing increasingly loud in their criticisms. The escalating tension exploded into public view on Wednesday when Coinbase CEO Brian Armstrong and the company’s chief legal officer Paul Grewal posted online that the firm had been told that SEC staff inten…
Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry
Bitcoin, Ethereum and Most Cryptocurrencies Rebound Despite Regulatory Crackdown
The overall crypto market valuation rose by over three percent in the last 24 hours. Bitcoin and Ether, along with maximum other cryptocurrencies recorded gains on Friday, March 24. These even include Dogecoin and Shiba Inu among Solana, Polkadot, and Polygon.
Terraform Founder Do Kwan Arrested in Montenegro, South Korea to Seek Extradition of Crypto Fugitive
South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.
What is the Hyperbitcoinization Theory: Explained
The hyperbitcoinization theory suggests that there could come a point in the future where fiat currencies would be deemed unsustainable, and Bitcoin would become the hardest form of money. The theory was coined by veteran Bitcoin supporter, Daniel Krawisz in 2014.
Telegram Enables Users to Send, Receive Tether Stablecoin Within Chats: Details
Telegram users will now be able to send and receive payments in the form of Tether (USDT), within the app. Users will be able to select the USDT altcoin within their Telegram chat boxes to instantly transfer money to their peers.
FTX Crypto Exchange Reaches Deal to Recover Over $400 Million from Hedge Fund Modulo Capital
Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97 percent of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday.
Bitcoin Hovers Around $27,000 as Most Altcoins Record Losses Amid Volatile Market: Details
The overall crypto market cap tumbled by 3.19 percent in the last 24 hours, while Bitcoin and Ether, along with maximum other cryptocurrencies, recorded small but significant losses on Thursday, March 23. Only a small number of underdog altcoins managed to reel in gains.
US SEC Threatens to Sue Coinbase Over Crypto Products, Shares Drop 13 Percent
The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange’s products, turning up the heat on the largely unregulated sector.
USDC Issuer Circle Says Executive’s Twitter Giveaway Offer Was Scam, Account Was Hacked
Stablecoin USDC’s issuer Circle said its chief strategy officer’s Twitter account was hacked on Wednesday, after the account posted a link appearing to offer holders of the stablecoin USDC a “one-time bonus” of free cryptocurrency. The Twitter account of Dante Disparte, Circle’s chief strategy officer, sent a series of tweets appearing to address the stablecoin’s rece…
Suspicious Transactions Worth $390 Million Scanned by Law Enforcement Agencies in Last 5 Months: WazirX
WazirX received 431 requests from law enforcement agencies on transactions worth $390 million (roughly Rs. 3,222 crore) in the last five months. In its fourth transparency report, the exchange claimed that it has blocked over 2,431 accounts after they were red-flagged by its internal transaction monitoring process or by law enforcement agencies.