USD Coin (USDC) issuer Circle has denied rumors that it received a “Wells Notice” over its United States dollar-pegged stablecoin. On Feb. 14, a now-deleted tweet from Fox Business reporter Eleanor Te...
Tag: Action
Largest Ethereum Staker Warns of Consequences of SEC Regulation After ‘Dissapointing’ Enforcement Action: Report
An executive at the largest Ethereum (ETH) staking service is reportedly outlining the possible consequences of upcoming US regulatory decisions on the heels of recent crackdowns on the crypto industr...
USDC Issuer Circle Refutes SEC Enforcement Action FUD
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded ...
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs). The FCA and the cyber team at West Yorkshir...
USDC’s Circle Not Behind Action On BUSD News
In the wake of the regulatory action against the issue of BUSD and the involvement of Binance and Paxos in it, Binance CEO CZ spoke to the audience in an Ask Me Anything event on Tuesday. He said Bina...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
CoinW Takes Action to Fulfill Public Welfare Responsibilities with First Batch of Disaster Relief Supplies Arrived in Turkey
DUBAI–(BUSINESS WIRE)–CoinW, a world-class cryptocurrency exchange has taken immediate action in fulfilling its public welfare responsibilities in the wake of the recent earthquake in Turkey, which ha...
Ripple Price Analysis: Bears In Action Below $0.40
Ripple price started a fresh decline below the $0.4000 zone against the US dollar. The price is now trading below $0.4000 and the 55 simple moving average (4-hours). There is a key bearish trend line ...
Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls
Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin traded under US$22,000 after the U.S.-b...
Kraken Action Not a Condemnation of ‘Staking Writ Large’
The Securities and Exchange Commission’s (SEC) shutdown of crypto exchange Kraken’s U.S. staking-as-a-service business may certainly lead to a wider industry crackdown. However, “this is not a condemn...
Coinbase Stock Plunges After SEC’s Action Against Kraken
Kraken trading volume slipped more than 35% in the last 24 hours Analysts say that the market may mirror the impacts of the SEC ruling Bitcoin trading volume slipped by 22% in last 24 hours Krake...
SEC Chair Gary Gensler Issues Stern Warning To Crypto Firms, Demands Compliance Following Action on Kraken Staking
In the world of cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) is considered the watchdog. The SEC ensures that investors are protected from fraudulent and illegal activities in t...
SEC chair issues warning to crypto firms after action on Kraken staking
United States Securities and Exchange Commission Chair Gary Gensler issued a warning to crypto companies to “come in and follow the law” after the agency announced a settlement with crypto exchange Kr...
SEC Commissioner Peirce: Kraken Staking Action Not a ‘Fair Way of Regulating’
Yesterday, the Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. ...
‘Kraken Down’ — SEC commissioner rebukes own agency over recent action
United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has publicly rebuked her own agency over the shutdown of crypto exchange Kraken’s crypto staking program in the United...
WazirX Declares The Allegations From Binance “False And Misleading,” And Plans To Take Legal Action
Join Our Telegram channel to stay up to date on breaking news coverage According to a Tuesday blog post by WazirX, an Indian cryptocurrency exchange, “accusations made by Binance on their blog are unt...
SEC under fire for regulation by enforcement in Kraken staking action
Ad The post-mortum on Kraken’s staking enforcement by the SEC has begun. On Feb. 9, Kraken said it would end its staking service in the U.S. and disclosed paying a $30 million fine to settle allegatio...
Hester Peirce Lashes Out At SEC Over Strong Action on Kraken
It’s been all drama in the crypto space over the last two days with the U.S. Securities and Exchange Commission (SEC) cracking down on crypto exchange Kraken. On Thursday, February 9, the SEC asked cr...
WazirX’s Comeback on Denial of Wallet Services Threatens Binance with Legal Action
The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again c...
Coinbase shares fall as SEC takes crypto staking action against Kraken
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty I...
Jim Cramer warns that crypto’s recent price action is a ‘manipulation higher’ you should ignore — he likes this 1 shockproof asset for protection instead
‘Truly a sham market’: Jim Cramer warns that crypto’s recent price action is a ‘manipulation higher’ you should ignore — he likes this 1 shockproof asset for protection i...
A Plea For Empathy, Imagination, And Meaningful Action During The Climate Crisis
Tragedy struck Turkey and Syria this week, as a massive earthquake struck the region. More than 11,000 people have died, and countless others displaced. This devastation hits especially hard since man...
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?
Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business. Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the g...
Can Chainlink (LINK) Bulls Reignite Price Action This Month?
Chainlink’s (LINK) price has increased by 27% to reach its 2023 peak of $7.44. But compared to the 40% growth in the global cryptocurrency market, the altcoin’s year-to-date performance has been disma...
Santiment: Increased Whale Action Pushes ADA Up by 59% in 2023
Cardano’s ADA has climbed by 59% since the beginning of January 2023. ADA price rally is influenced by increased whale activity on the Cardano network. Up to 36 new addresses with 1 million to 100 mil...
All Eyes on $0.40 as XRP Choppy Price Action Takes Hold (Ripple Price Analysis)
Ripple’s price has struggled to break the significant descending trendline at $0.42 and is consolidating. However, it now faces the critical support level of the 200-day moving average. Technical Anal...
Self-Interested Premier League Action Against Manchester City Proves Need For Regulation
MANCHESTER, ENGLAND – JANUARY 27: Erling Haaland of Manchester City in action during the FA Cup … [+] fourth round match between Manchester City an Arsenal at Etihad Stadium on January 27,...
FTX threatens legal action against political recipients of donations
The bankrupt crypto exchange FTX is demanding the return of funds from politicians and members of the U.S. Congress. FTX members had donated more than $84 million to political candidates and organizat...
Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman
The new Chairman of the Commodities Trading Futures Commission (CTFC) says that crypto assets that are not considered securities need comprehensive legislation. In a new government press release, Chai...
The world must take a ‘collective action’ approach to regulations — India’s finance minister
In a recent television interview, India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country; it requires an international effort. Speaking to Rahul J...
AI is dominating the action in the stock market right now
OpenAI, the developer of ChatGPT, is receiving billions of dollars in funding from Microsoft Corp. MSFT, -0.20%. The rollout of this new technology has been followed by similar efforts by Alphabet Inc...