.png)
Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says. U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry...
Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari. Ledger is adding a browser extension on Safari called Ledger Connect that will allow users of Ledger hardwarewalletsto easily connect withWeb 3applications without the need for third party dependencies. Ledger Connect also has a security layer that will flag customers when...
On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. Crypto.com was one of the few crypto exchanges to keep Terra (LUNA) trades open as Terra’s death spiral...
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s...
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings. Coinbase founder and CEO Brian Armstrongsaid in a tweetWednesday that new languagefound in its latest 10-Q filingis simply a new requirement of the U.S. Securities and Exchange Commission and that Coinbase is in no danger of bankruptcy. Armstrong...
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency. Bitcoin (BTC) fell to a three-month low Sunday, days after crypto analysts warned that price charts were sending bearish signals. The bitcoin price was around $34,500 as of press time, down 3.8% over the past 24 hours. BTC price has fallen for four straight...
Early customers of the financial services company's program are providing monthly bitcoin bonuses of between $50 and $100. Swan Bitcoin is targeting small businesses with its bitcoin benefits program. (Warren Little/Getty Images) Wilson Auto Group, Voltage, Compton Magic and Everbowl are trying to convince their workforces to embrace bitcoin through payouts of the cryptocurrency that are part of a unique...
The SEC commissioner has been wary of heavy-handed policing of digital assets. U.S. Securities and Exchange Commission (SEC) member Hester Peirce took to Twitter on Tuesday to voice her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency,” she tweeted...
The announcement follows a vote by the Wikimedia community in which 71.2% voted in favor of a proposal to stop accepting cryptocurrency. Wikimedia, the non-profit foundation that runs Wikipedia, has decided to stop accepting cryptocurrency donations following a three-month debate in which the environmental impact of bitcoin (BTC) was a major discussion point. The decision came in response to a...
Crypto firms eye the Middle East amid regulatory scrutiny from Singaporean officials. 3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk) NASSAU, BAHAMAS — Crypto trading and venture capital firm Three Arrows Capital is moving its headquarters from Singapore to Dubai, United Arab Emirates. The planned move comes as Three Arrows Capital organizes its first-ever fund that would take...
.png)