U.S. government is arguing that $1 billion transaction made by Binance.US to purchase assets of Voyager should be placed on hold In order to file an appeal, a two-week delay on the court’s approval ha...
Tag: Regulatory
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its d...
Crypto bank Anchorage Digital cuts 20% of staff amid regulatory uncertainty, market volatility
Anchorage Digital, the only federally chartered crypto bank in the U.S., said Tuesday that it would cut about 20% of its staff amid regulatory uncertainty in the U.S., macroeconomic challenges and cry...
USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework
In November 2021, the President’s Working Group on Financial Markets (PWG) produced a comprehensive report outlining a regulatory framework for stablecoins. The report, led by the U.S. Treasury Depart...
Lido Finance Faces Regulatory Uncertainty: Should Investors Be Concerned?
Lido Finance, the largest liquidity staking protocol, has been facing regulatory uncertainty in the United States. Despite making a tremendous market entry in the past few years with over $9.8 billion...
Binance payments partner Paysafe says UK regulatory environment is ‘too challenging’
Paysafe decided to stop offering Binance customers its embedded wallet solution in the UK in a move it blamed on complex regulation. As a result, Binance will suspend GBP deposits and withdrawals for ...
Coinbase CEO discusses new staking service and reactions to regulatory hurdles
Ad Brian Armstrong, the CEO of Coinbase, told a recent episode of the Bankless podcast that cryptocurrency is the key to updating the current financial system. Armstrong said in the podcast that tradi...
Bitcoin soars as Silicon Valley Bank depositors get a regulatory lifeline
BTC’s price jumps by almost 10% in the last 24 hours. This is due to the decision by U.S. regulators to protect all customer deposits at failed Silicon Valley Bank (SIVB). Following the decision by th...
Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter Rules
Topline Democrats placed blame for the collapse of Silicon Valley Bank and Signature Bank over the weekend on looser regulations signed by former President Donald Trump, and called for Congress to rei...
Coinbase suspends BUSD trading amid regulatory concerns
Coinbase has announced to suspend trade for Binance USD (BUSD) due to concerns raised by regulators about Binance’s operations. Coinbase, the leading U.S. cryptocurrency exchange, has announced to sus...
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
(Bloomberg) — Eight years ago, Greg Becker delivered a blunt message to lawmakers in Washington: the bank he ran was not like Wall Street. Most Read from Bloomberg As chief executive officer of ...
Crypto-Friendly Banks Collapse as Regulatory Pressure Mounts
As the crypto industry continues to grow, it has faced increasing scrutiny from regulators around the world. Recent months have seen the collapse of several high-profile crypto-friendly banks, includi...
Kucoin under regulatory pressure, can shorting yield more gains
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The New York attorney general filed a lawsuit agai...
Bitcoin tumbles to 8-week low as bank failures, regulatory pressures weigh on crypto
Bitcoin (BTC-USD) fell more than 9% Friday morning to $19,700, a eight-week low. The largest cryptocurrency lost more than $52 billion in market capitalization value since Tuesday. Ahead of the releas...
Bitcoin tumbles to 7-week low as bank failures, regulatory pressures weigh on crypto
Bitcoin (BTC-USD) fell more than 7.5% late Thursday to $20,300, a seven week low for the largest cryptocurrency. “This remains a tough environment for crypto. Bitcoin could see further selling pressur...
Voltz Labs CEO: DeFi Innovation Is Moving Offshore Because of US Regulatory Severity
Voltz Labs CEO: DeFi Innovation Is Moving Offshore Because of US Regulatory Severity Voltz Labs Co-founder and CEO Simon Jones talks to Decrypt’s Jason Nelson at ETH Denver about using DeFi for ...
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure i...
The battle for regulatory classification in the crypto world
Ad Non-fungible tokens (NFTs) do not qualify as securities, according to a statement released by the German Financial Supervisory Authority (BaFin). BaFin officials argued that NFTs, which only design...
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...
Silvergate Corp., to Liquidate and Wind Down Operations as Regulatory Pressure Mounts
Silvergate Corporation, the parent firm of Silvergate Bank, has announced that it plans to wind down operations and liquidate the bank voluntarily. This decision follows the collapse of the crypto exc...
Regulatory Uncertainty and Fed’s Next Steps Keep Bitcoin Traders Cautious
Investors are still feeling bearish when it comes to Bitcoin. But why? And for how long will it last? The narrative that has taken shape over the last two years is that as a “risk-on” asset, Bitcoin f...
Kraken Continues Foray Into Banking Despite Regulatory Challenges
U.S-based cryptocurrency exchange Kraken, after settling with the SEC for $30 million dollars and ceasing its staking operations, is now back with news of creating its own banking institution. Known a...
Russian crypto advocates urge Putin to stop regulatory hostility
As Russia continues to delay the adoption of cryptocurrency regulations, local advocates have appealed to Russian president Vladimir Putin to change the government’s approach to regulating the market....
Silvergate’s Collapse May Spell Regulatory Trouble for Crypto
Join the most important conversation in crypto and web3! Secure your seat today Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Fe...
Crypto derivatives on the CME reach new milestones amid regulatory uncertainty
Bitcoin and ether derivatives trading volumes in dollar terms continued to climb higher in February. Futures and options trading volume for bitcoin rose by about 13%, and ether’s volumes ...
Tornado Cash dev launches ‘regulatory compliant’ crypto mixer
Former Tornado Cash developer, Ameen Soleimani, has now developed a new mixing service called Privacy Pools to address a critical flaw of the sanctioned crypto mixer. In cryptocurrency, privacy is a t...
Kraken to establish a new bank despite regulatory scrutiny – Cryptopolitan
US-based cryptocurrency exchange Kraken is establishing a fresh crypto bank despite the recent staking service prohibition by the U.S. Securities and Exchange Commission (SEC). While responding to a t...
Texas Proposal Could Become A National Model For Reining In Regulatory Costs
Texas State Capitol Building in Austin. getty Texas, when it comes to governance, outperforms most states across a number of key metrics. Today, for example, Texas is home to the nation’s sixth lowest...
$17M Digital Asset Outflow Recorded Amid US Regulatory Concerns: CoinShares
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated, “The p...
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...
Crypto Exchange Kraken To Launch New Crypto Bank in US Amid Regulatory Issue
US-based crypto exchange Kraken is still launching a new Wyoming-based crypto bank despite the U.S. Securities and Exchange Commission’s (SEC) recent banning of the exchange’s staking service. Kraken ...
Binance pivots to stablecoins after SEC regulatory action
Binance, the world’s largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins following regulatory action by the US Securities and Exchange Commission (SEC) again...