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The bankrupt exchange faced charges of offering U.S. investors access to unregistered securities. Bittrex (Shutterstock) Crypto exchange Bittrex settled charges of offering U.S. investors access to unregistered securities on Thursday, agreeing to pay a $24 million fine within two months of filing a liquidation plan for the exchange. The SEC sued Bittrex,which filed for bankruptcy in May,earlier this year, saying...
Yields fell across the globe on Tuesday after soft Chinese economic data overnight. Bitcoin retakes $30K (CoinDesk) Crypto markets are posted on Tuesday as long-dated government bond yields headed sharply lower across the globe following far weaker-than-expected Chinese trade numbers for July. The move also comes one day after payments giant PayPal (PYPL)announced plansto issue a stablecoin in the coming...
The move is part of a "process of developing technologies that are going to create democratizing opportunities for wealth creation," Suarez said in an interview on CoinDesk TV on Friday. Bitcoin-friendly Miami Mayor Francis Suarez will be accepting donations to his presidential campaign in bitcoin (BTC) , he announced on CoinDesk TV on Friday. "Officially, my campaign is accepting bitcoin,"...
Paul Grewal said Coinbase would seek to dismiss the Securities and Exchange Commission’s suit, arguing that the crypto exchange never sold securities as the regulator alleged. Paul Grewal said Coinbase would seek to dismiss the Securities and Exchange Commission’s suit, arguing that the crypto exchange never sold securities as the regulator alleged. Coinbase plans to file an order seeking dismissal...
Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD? On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days. The hype around BALD token pushed prices 4,000,000% from issuance and attracted over $68 million from traders. Crypto sleuths have found connections between Sam Bankman-Fried's Alameda Research...
Armstrong said the SEC recommendation left them no choice but to head to court. The SEC asked Coinbase to delist every cryptocurrency except bitcoin before suing the exchange. Armstrong told the Financial Times the SEC recommendation left us no choice but to head to court. The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in...
A bipartisan agreement on stablecoin legislation was in reach, according to the chair of the House Financial Services Committee, but the ranking Democrat said McHenry halted talks. The U.S. Capitol (buschap/Flickr) House lawmakers have failed to reach a bipartisan deal on stablecoins legislation, with Financial Services Committee Chair Patrick McHenry (R-N.C.) blaming White House intransigence for the stalemate while the...
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week. SEC Chair Gary Gensler at a U.S. Treasury council hearing in October 2022 (Anna Moneymaker/Getty Images) You may be surprised to learn that the SEC’s ongoing efforts torein in the...
One pitch from Axie Infinity’s co-founder said to keep Twitter but have a crypto wallet named X for spending and creator tipping. Twitter users, along with the avid crypto community, may soon see a very different version of the social media app — which is set to ditch its iconic blue bird logo for an “X” as part of a...
The revised bill excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi. (Mark Van Scyoc/Shutterstock) U.S. House Republicans introduced a new digital assets oversightbillon Thursday that aims to establish a regulatory framework to protect investors in the crypto sector. “Today's introduction of the Financial Innovation and Technology for the 21st Century...