The roller coaster continues. Polkadot extends bearishness towards the $5 price zone following the recent sell-off. It shows no signs of significant recovery as the price suffers more loss. Many thing...
Tag: Crackdown
Coinbase reiterates ‘staking services will continue,’ despite SEC’s crackdown
Coinbase reiterated to customers that its staking services will continue, and may actually increase, despite SEC’s crackdown. The exchange explicitly stated that its users earn rewards from decentrali...
Coinbase reassures customers on staking services amid SEC crackdown
In recent years, staking services have become increasingly popular among cryptocurrency investors. Staking refers to the process of holding and locking up a certain amount of cryptocurrency in a walle...
Coinbase updates users on staking amid SEC crackdown – Cryptopolitan
Coinbase has told its users that its staking services will not be suspended despite a crackdown by the Securities and Exchange Commission on the market. According to a statement released by the exchan...
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services w...
Biden’s Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
President Joe Biden’s upcoming budget proposal includes a few surprises for crypto traders and investors, as it seeks to raise around $24 billion through changes to crypto tax treatment. The pro...
SEC’s Crypto Crackdown: Have The Major Crypto Players Been Exposed To “Fallen” Silvergate?
The fall of FTX and Alameda Research in 2022 began a tidal wave that has since severely affected other crypto-related companies, including Digital Capital Group-backed Genesis Trading, which was even ...
FCA, Met Police Continue Bitcoin ATM Crackdown in East London
The United Kingdom Financial Conduct Authority (FCA) continued its crackdown on illegal Bitcoin automated teller machines (ATMs) this week, announcing it had inspected several sites in East London sus...
Netflix password-sharing crackdown puts college students on edge
Netflix sign in page displayed on a laptop sscreen and Netflix logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 2, 2023. Jakub Porzycki | Nurphot...
Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for c...
UK announces second crypto ATM crackdown this month
The UK’s financial watchdog today announced its second crackdown on crypto ATMs in less than a month. The joint operation with the Metropolitan Police will see regulators seize and confiscate unregist...
Kraken To Launch Bank Amid Regulatory Crackdown
Amid the several downturns in the crypto market, including the Silvergate fallout and regulatory crackdown, the U.S.-based cryptocurrency exchange Kraken has unveiled its plans to launch a banking ins...
Binance turns to other stablecoins amid BUSD crackdown
On-chain data released by Lookonchain shows Binance exchange minted 180 million True USD (TUSD) tokens last month and has also added support for other stablecoin projects amid an SEC’s Paxos Binance U...
Lido’s token price drops 15% in a week amid SEC crackdown rumors
The Lido DAO token (LDO) lost around 5% of its price in 24 hours and 15% in one week. The token was affected by rumors claiming the DAO had received a Wells Notice from SEC. Amid an ongoing SEC clampd...
BUSD Active Address Plunges By 60% Following Regulatory Crackdown
Binance USD (BUSD) has suffered a steep decline in active addresses following the regulatory crackdown by U.S. authorities. This development continues a series of dips within the Binance ecosystem in ...
UK Crypto Crackdown: Which British Banks Allow You to Buy Bitcoin?
UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit ...
DCTA Lobbyists Ask Retail Investors to Help Limit SEC Crackdown
The consumer advocacy group, Digital Currency Trader’s Alliance (DCTA), has called on retail crypto investors to lobby their congressional representatives to fight the Security and Exchange Commission...
Gary Gensler Grilling In Hearing On Crypto Crackdown News?
Crypto news today: In the wake of heavy criticism against the U.S. Securities and Exchange Commission (SEC) crackdown on crypto companies, a body of lawmakers are reportedly challenging people like Ga...
Asia’s Former Richest Woman Takes Over From Father Amid China’s Prolonged Real Estate Slump
Country Garden founder Yeung Kwok-keung (Photo by David Wong/South China Morning Post via Getty Images) South China Morning Post via Getty Images Yang Huiyan, who has cochaired property developer Coun...
Coinbase to suspend BUSD trading due to regulatory crackdown
Coinbase, the second-biggest crypto exchange by trading volume, announced the suspension of BUSD trading. The exchange has also delisted the Paxos-backed stablecoin from the platform. Paxos recently r...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown – Bitcoin News
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Fina...
European Union is welcoming crypto amid regulatory crackdown in U.S.
Europe is opening its doors to crypto amid the regulatory crackdown on crypto firms in the United States. European officials are pitching the EU as a friendly place for crypto firms to set up their bu...
Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
4 hours ago | 2 mins read Editors News Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet. As per the crypto w...
SEC Crackdown on Staking Services Won’t Stop Ethereum Investors – Here’s How to Stake Now!
The Merge, executed by Ethereum last year, was widely recognized as one of the pinnacle accomplishments of the cryptocurrency sector. Ethereum had a proof-of-stake blockchain conversion as part of The...
The SEC’s Stablecoin Crackdown May Change The Crypto Industry As A Whole
Join Our Telegram channel to stay up to date on breaking news coverage Stablecoins are now in the SEC’s focus. For failing to register the product as a security, it purportedly intends to sue Paxos, a...
Paxos lands on the front lines of new US crackdown on crypto
Paxos did things by the book. It put former FDIC Chair Sheila Bair and retired Senator Bill Bradley on its board. It went so far as to brag about its buttoned-up nature by labeling itself “the first r...
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the protocol. T...
Coinbase Takes A Stand Against SEC Crackdown! Is XRP Re-Listing Underway?
The cryptocurrency winter that began in 2022 has resulted in the closure of several centralized exchanges due to the significant shrinkage in total traded volume. However, the rise of decentralized ex...
Institutional investors pull back from crypto amid regulatory crackdown
In the aftermath of the regulatory crackdown in the United States, institutional investors may have gotten the jitters on cryptocurrency. As a result, digital asset investment products had the highest...
Crypto Outflows Spike Following U.S. Regulatory Crackdown, Says CoinShares
The crypto space is experiencing increasing tension as United States regulators intensify their regulatory approaches. Some of their recent enforcement actions include a stop order mandate on crypto t...