Binance.US gets green light to buy Voyager Digital assets 

Binance.US can buy failed crypto lender Voyager Digital’s assets, a federal judge confirmed after a four-day marathon hearing that stretched from last week to this one.  Judge Michael Wiles conf...

Markets trade down after Fed chair’s comments, Grayscale recovers amid hearing

Crypto markets whipsawed throughout the day after U.S. Federal Reserve Chair Jerome Powell’s delivered testimony to Congress. Bitcoin was trading around $22,070 by 4:55 p.m. EST, down abou...

Ripple’s Policy Chief Co-Signs New Pro-Crypto US Legal Act, Here’s What It’s About

Gamza Khanzadaev Ripple executive is for this legal act as it will limit regulator overreach The head of public policy at Ripple, Susan Friedman, has expressed her support for the Keep Innovation in A...

Grayscale products buoyed following oral arguments in case against the SEC

Grayscale had its day in court, and now the asset manager — and investors in its Grayscale Bitcoin Trust — must await the ruling, which could take three to six months.  The asset manager brought...

Crypto prices whipsaw on Fed Chair Powell’s Congressional testimony

Markets • March 7, 2023, 11:21AM EST Markets sank initially on the release of U.S. Federal Reserve Chair Jerome Powell’s testimony to Congress before rebounding slightly. Bitcoin was tradi...

Coinflex says restructuring plan is approved by Seychelles court

Courts in the Seychelles, where crypto exchange Coinflex is based, approved its restructuring plans on Monday, according to a statement from the company. The court may publish the written order ...

Grayscale’s day in court is nearly here, but a major decision could take time

Grayscale is set to present oral arguments in its case against the U.S. Securities and Exchange Commission on Tuesday. The asset manager brought the case against the regulator for rejecting its ...

Crypto prices flat, Silvergate declines ahead of Powell testimony

Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...

FTX sues Grayscale and DCG, citing ‘exorbitant’ fees

Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...

US FED policy may tank bitcoin recovery 

Federal Reserve chairman Jerome H. Powell is scheduled to participate in the open session, which is set to take place on March 7. As the market awaits the FED’s announcement on their plan for interest...

Kraken is on track to launch bank ‘very soon’ despite regulatory ‘weird place’

Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment and the recent shuttering of its on-chain staking services for U.S. clients to settle U.S. Securit...

Monetary policy of cryptocurrencies, explained

The design choices, such as the level of privacy — i.e., anonymous or fully traceable transactions — implemented in the creation of a CBDC can have significant implications for mon...

Binance once sought to hire Gensler as an adviser: WSJ

Crypto exchange giant Binance wanted to hire Gary Gensler as an adviser years before he became head of the Securities and Exchange Commission, according to the Wall Street Journal. Gensler decli...

Prosecutors say SBF should only access approved websites. He wants Door Dash and the New York Post

Policy • March 4, 2023, 2:23PM EST Federal prosecutors are seeking to severely limit former FTX CEO Sam Bankman-Fried’s connection to the internet and technological access to a “flip phone...

SEC staff believe Binance.US is operating an unregistered securities exchange

Securities and Exchange Commission staff believe Binance.US is operating an unregistered securities exchange in the United States, a lawyer said during a Voyager Digital bankruptcy hearing on Friday e...

Moody’s sees ‘significant governance deficiencies’ in Silvergate

Moody’s downgraded Silvergate for the second time in less than two weeks, citing a lack of capitalization as well as “governance deficiencies,” after the company Wednesday told the U...

Silvergate Bank to release nearly $9.9 million to BlockFi

A bankruptcy judge has ordered Silvergate Bank to release nearly $9.9 million to crypto lender BlockFi, days after the bank said it was “reevaluating its business” and could be “less than well-c...

Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely — Says ‘Inflation Remains Too High’ – Economics Bitcoin News

Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Not...

US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head

Yaya Fanusie, a cryptocurrency researcher and former CIA analyst, believes the United States government’s relatively slow start on central bank digital currency (CBDC) development may result in it los...

Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’

Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...

Celsius creditors tout NovaWulf deal as ‘best’ option

Legal • March 1, 2023, 5:57PM EST The Official Committee of Unsecured Creditors in the Celsius bankruptcy case said a proposed sale to NovaWulf Digital Management is “the best” option, according to a ...

Sam Bankman-Fried’s inner circle turns on him

A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to criminal charges, significantly upping the legal peril for the embattled former CEO. Former FTX Director of...

U.S. Treasury convening regular Biden administration discussions on CBDC

Policy • March 1, 2023, 2:38PM EST The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang...

Coinbase CEO defends staking, calls for US to create ‘clear rule book’

The U.S. is behind on getting its regulatory act together while the rest of the world embraces crypto, according to Coinbase CEO Brian Armstrong. The executive, in an interview on Bloomberg TV, ...

Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

Coinbase has launched a grassroots political campaign to promote pro-crypto policies, according to a Feb. 28 Twitter thread from the company. The company said that the #Crypto435 campaign is intended ...

Treasury bills continue to soar as fed swaps price in peak policy rate of 5.5% in December

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Nexo user sues crypto lender, alleging millions in asset losses

Policy • March 1, 2023, 11:06AM EST A California resident filed a complaint against crypto lender Nexo citing harm from the firm’s “fraudulent inducement” to take out loans.   John Cress had a N...

Coinbase Launches Nationwide Pro Crypto Policy Campaign

America’s largest cryptocurrency exchange is pulling out all the stops to ensure U.S. policymakers get things right with how they treat the crypto industry. The company has announced Crypto435 – a gra...

Coinbase launches grassroots campaign to influence US lawmakers and regulators

Coinbase is taking the crypto gospel on the road with plans to make inroads all across the United States. On Twitter, the crypto exchange operator announced an initiative aimed at advancing “pro-crypt...

SEC served subpoena to Robinhood shortly after FTX debacle

The U.S. Securities and Exchange Commission subpoenaed trading app and brokerage Robinhood over its cryptocurrency services, the company disclosed in an annual financial filing posted on Monday.  ...

Voyager agrees to reserve $445m after suit from Alameda Research

Legal • February 27, 2023, 6:06PM EST Published 1 hour and 30 minutes earlier on Defunct crypto lender Voyager Digital agreed to reserve $445 million after the firm was sued by bankrupt trading firm A...

Coinbase to halt trading of Binance’s BUSD for not meeting listing standards

Coinbase will suspend trading of Binance USD (BUSD) on March 13 at around noon EST. The crypto exchange said the decision was based on its most recent review of the stablecoin, which Paxos recen...