Crypto whale and shark addresses unloaded more than $200 million worth of Binance USD (BUSD) in a single day amid the regulatory uncertainty swirling around the stablecoin, according to the analytics ...
Tag: Regulatory
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments – Altcoins Bitcoin News
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-No...
Binance processes $1B withdrawals amid regulatory scrutiny on BUSD
Ad Binance users are withdrawing their crypto assets following the recent regulatory scrutiny of one of the exchange’s products. In the last 24 hours, the exchange saw outflows of $621 million, accord...
U.S. Regulatory Crackdown on Crypto Market Intensifies Ahead of CPI Data Release
The crypto market is getting tested for its resilience following the heightened regulatory crackdown from key agencies in the United States. With the total crypto market capitalization down approximat...
Crypto stocks struggle under regulatory concerns
Crypto stocks trading in the U.S. market have been underperforming as investors await the release of the Consumer Price Index (CPI) data. The regulatory environment has been causing a stir in the cryp...
Circle Takes on Binance: Regulatory Complaint Filed Over Stablecoin Issuance
The implosion of FTX and Alameda – which has often been described as one of the largest institutional failures in modern American history – has begun a new wave of stablecoin regulatory scrutiny acros...
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...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Silvergate, Coinbase extend losses as regulatory specter hangs over crypto
It’s been a mixed bag today for crypto-related equities as U.S. regulators continued a clampdown that has hit both staking and stablecoins. Silvergate fell 3.7% to $14.46 by 2 p.m. EST, ac...
Coinbase CEO visits Washington, D.C. in push for regulatory clarity, less sugar
Coinbase CEO Brian Armstrong said he was in Washington, D.C. today in a push for clearer rules amid rising uncertainty in the sector following enforcement actions this month against Kraken and Paxos. ...
Bitcoin Unfazed By Regulatory Actions – Trustnodes
Bitcoin is holding out above $21,000 despite unprecedented action by the Securities and Exchanges Commission (SEC), though not directly related to bitcoin. Their decision to stop staking at Kraken, on...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Polkadot mulls research into ‘token morphism’ amid regulatory crackdown
The Polkadot community is looking into conducting a research study centered around “token morphism,” a term used to describe the process that was used to transform the protocol’s native dot toke...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
Global crypto market cap plunges below $1 trillion as regulatory concerns wipeout 2023 gains
The world of cryptocurrency is experiencing a turbulent phase as regulatory fears have rocked the market, leading to a significant loss in overall industry valuation. Major digital assets, such as Bit...
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach – Bitcoin News
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $3...
Ripple CEO Brad Garlinghouse Says US Desperately Missing Crypto Regulatory Leadership Amid SEC Clampdown
The chief executive of payments firm Ripple Labs says that the US badly needs leadership in crypto regulation. According to Brad Garlinghouse, the US is falling behind other nations when it comes to p...
Analyzing Bitcoin miners’ condition in the wake of increased regulatory purview
Some U.S. states implemented soft laws for crypto mining regulation. Miner reserves highlight a lack of incentive for miners to HODL. Regulators in the U.S. are ramping up their efforts in a bid to st...
PayPal Halts Stablecoin Project Amid Regulatory Scrutiny
Fintech giant PayPal has stopped work on its upcoming stablecoin project amid the regulatory scrutiny and crackdown of the crypto sector by United States regulatory bodies. Reports by Bloomberg indica...
Amid Regulatory Hostility Reminder of Old Anti-Crypto Tactics
The crypto market flipped to red. SEC is investigating US-based crypto exchange Kraken. The crypto market once again flipped from green to red amid US financial regulators actions in the industry. The...
PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto
– Advertisement – Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant had partnered with Paxos for its stable...
Ripple CEO Calls Global Regulatory Developments “Energizing”
Alex Dovbnya Ripple CEO Brad Garlinghouse has described the recent global regulatory developments in the crypto market as “energizing” Ripple CEO Brad Garlinghouse took to social media Twi...
The U.S. government’s regulatory strategy towards crypto firms
According to Nic Carter, co-founder of venture firm Castle Island and crypto intelligence firm Coin Metrics, the alleged strategy involves isolating the traditional financial system from the cryptocur...
PayPal pauses Stablecoin development amid regulatory crackdown
Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry. Its stablecoin development partner Paxos is currently facing a pr...
Ripple CEO praises ‘positive global regulatory developments’ happening outside US
Ad Ripple CEO Brad Garlinghouse said the number of positive global regulatory developments happening in the crypto industry is “energizing.” In a Feb. 9 Twitter thread, Garlinghouse praised regulators...
Cardano founder C. Hoskinson proposes contingent staking to meet regulatory needs
As the crypto space comes to terms with the renewed regulatory scrutiny around staking activities, Cardano (ADA) founder Charles Hoskinson has shared a model that could align with legal requirements. ...
Bitcoin, crypto prices slip; Coinbase extends losses as regulatory fears spook market
Cryptocurrency prices nosedived overnight on the back of increased regulatory scrutiny. Coinbase and Silvergate extended losses in the early session. Bitcoin was trading at $21,770, down 4.2% o...
Ripple CEO lauds ‘energizing’ global regulatory progress amid SEC offensive
As fears are mounting over the recent actions of the United States Securities and Exchange Commission (SEC) in the cryptocurrency sector, the CEO of Ripple, Brad Garlinghouse, has tried to put the com...
Ripple CEO Urges Crypto Community To Find Strength in Regulatory Efforts Outside US
Garlinghouse highlights progress in crypto rule-making efforts abroad in the face of continued regulatory pushback in the U.S. Ripple Chief Executive Officer Brad Garlinghouse has opted to show that c...
Twitter to support longer tweets as they seek regulatory license as a payment platform
Twitter has introduced a feature allowing longer tweets, allowing Blue members in the United States to post up to 4,000 characters. Elon Musk, the CEO of Twitter, attempted to obtain permits from gove...
Venture capital expected to see more regulatory scrutiny after FTX
Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission’s Christy Goldsmith Romero spoke about a “trust deficit” am...
Regulatory Reforms Needed For Consistent And Fair Crypto Regulation
Advertisement     As part of its multi-stage reform agenda, the Australian government has undertaken a consultative process to understand the crypto ecosystem better t...