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” Binance USD market cap falls below $10B amid rising regulatory concerns “ Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange. BUSD’s marketcap has been on…
” Celsius Custody customers finally begin withdrawals 263 days after freeze “ Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing. According to numerous social media posts, as of Mar….
” SEC chair implies crypto exchanges may be ‘qualified custodians’ as new rule is drafted “ United States Securities and Exchange Commission (SEC) chair Gary Gensler spoke at a meeting of the commission’s Investor Advisory Committee on March 2 on the topic of asset custody. The committee has a proposed rule for investment advisers on…
” UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report “ United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets. A Bloomberg report on March 2…
” Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets “ Three United States senators led by Elizabeth Warren have sent a letter to Binance CEO Changpeng “CZ” Zhao and Binance.US CEO Brian Shroder expressing concern over a number of facets of Binance’s activities and requesting information from the companies that includes their…
” US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers “ Two United States senators have penned a letter asking Meta CEO Mark Zuckerberg to halt a plan to allow young adults to access the firm’s metaverse platform, Horizon Worlds. In a March 1 letter, Senators Edward Markey and Richard…
” Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC “ Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDC) would still be considered money under the proposed new…
” Binance custody partner clarifies Singapore licensing plans “ Amid various reports about Binance trying to revive its crypto licensing plans in Singapore, the crypto exchange has come out to set the record straight. Binance told Cointelegraph that Ceffu, its “independent institutional custody partner,” is the one looking to apply for an institutional crypto custody…
” BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor “ An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini. In a Feb. 28 complaint filed in the U.S. District Court for…
” Decentralized finance to be examined at inaugural CFTC tech advisory meeting “ The United States commodities regulator is set to take a close look at the decentralized finance (DeFi) space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present. The Commodities Futures Trading Commission (CFTC)…