Lawmakers approve legislation that overturns a recent SEC decision on how banks work with crypto A joint resolution recently passed by the US Senate calls for the US Securities and Exchange Commission (SEC) to overturn restrictions on financial institutions conducting business with cryptocurrency firms. US Senators passed H.J. Res. 109 by a 60-38 vote on
The solution is another way decentralized finance is gaining momentum Liquid staking protocol pStAKE Finance has disclosed its staking solution for Bitcoin in the latest evolution of Bitcoin-based decentralized finance (DeFi). pSTAKE Finance’s Binance Labs-backed solution, constructed using Babylon’s Bitcoin staking protocol, seeks to simplify the Bitcoin staking process and offer more earnings opportunities for Bitcoin investors.
The firm’s outgoing boss was opposed to cryptocurrency, but his replacement could change the game Former Blackrock executive Salim Ramji has been announced as the new CEO of asset management firm Vanguard. Ramji was the Global Head of iShares and Index Investments at Blackrock and a member of the firm’s Global Executive Committee. Ramji supervised BlackRock’s recent launch
The cryptocurrency exchange hasn’t yet explained why the platform suddenly went down The Coinbase cryptocurrency exchange suffered a major outage on May 14. No reason has been given for the system-wide shutdown that lasted over three hours, and many users are still unable to transfer funds on the exchange. Coinbase said it’s continuing its investigation into the incident. Coinbase announced
Binance will be closely monitored to ensure it complies with financial regulations The Department of Justice (DOJ) has mandated that Binance, the world’s largest cryptocurrency exchange, remain under regulatory review by the Forensic Risk Alliance (FRA) for a period of three years. This directive follows a series of investigations that revealed Binance’s involvement in anti-money
BlockFi will completely shut down, but users could be able to make claims through Coinbase BlockFi recently announced a new partnership with Coinbase to allow customers to make withdrawals from their accounts. The bankrupt crypto lender is in the process of shutting down its online platform, which will be completed in May. BlockFi was forced to file for bankruptcy
The Blockchain Integrity Act would prevent all crypto mixers for two years Cryptocurrency mixers, services that anonymize crypto transactions by pooling funds and then distributing them to different addresses, could soon be a thing of the past in the US. A recently introduced bill, the Blockchain Integrity Act, proposes a two-year ban on these services,
The long-running legal dispute is entering its final lap Ripple Labs and the US Securities and Exchange Commission (SEC) recently moved forward in their ongoing legal dispute. The SEC has recently filed its final reply in the remedy stage, marking a critical milestone in the case’s progression. The lawsuit centers on the SEC’s allegations that
The exchange gives UK users a new look at the cryptocurrency markets Global neobank and Fintech firm Revolut recently entered the cryptocurrency space after introducing their new crypto trading platform to retail consumers in the UK. The company announced the launch of its Revolut X platform in a press release on May 7. This platform
March and April have witnessed staggering amounts of investments in the crypto space For the second straight month this year, crypto venture capital funding has exceeded $1 billion. This achievement is the first time it’s happened in consecutive months since October and November 2022. There were 161 investment rounds in April, with a total funding of $1.02
The cryptocurrency exchange reports it earned as much in Q1 as it did for all of 2023 Coinbase is reporting a significant resurgence in the first quarter of 2024. An upswing in market activity and the highly-anticipated launch of Bitcoin exchange-traded funds (ETFs) largely fueled the crypto exchange’s recent performance. In the first quarter, Coinbase
Idin Dalpour used false promises of huge returns on crypto trading to fill his pockets A New York man is facing federal charges after being arrested for allegedly being the mastermind behind an elaborate Ponzi scheme that robbed $43 million from investors. The scam focused on cryptocurrencies and Las Vegas, and the fraudster is now
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