Coinbase received a Wells Notice by the SEC today The notice is related to services provided by the exchange, which includes its Earn program The United States Securities and Exchanges Commission (SEC) has been actively involved in the crypto market for the past few weeks. The commission that laid securities law violations against Justin SunContinue reading “Coinbase receives Wells Notice from SEC relating to securities law violations”

US SEC has declared TRX and BTT as securities and brought charges against Tron’s founder The commission has also claimed the Sun manipulated the price of TRX in the secondary market The United States Securities and Exchanges Commission (SEC) has taken an action against prominent crypto-entrepreneur – Justin Sun – the founder of Tron (TRX).Continue reading “US SEC claims TRX is security, charges Tron’s Justin Sun and eight others”

US SEC subpoenaed Sushiswap and its head Jared Gary Gary proposed to creation of a legal fund that would be used to defend the DeFi project’s core developers The United States Securities and Exchanges Commission (SEC) has taken a swing at yet another crypto-entity. This time around the commission has issued a subpoena against SushiSwapContinue reading “Breaking: SushiSwap and its CEO served with subpoena by SEC”

Paxos-issued BUSD exists from Binance’s SAFU funds as a move made in users’ interest The stablecoin was previously taken out from Industry Recovery Initiative Funds Binance – the world’s largest cryptocurrency exchange – announced that it has converted the BUSD stablecoin it its SAFU fund. The Secure Asset Fund for Users (SAFU) was launched byContinue reading “Binance converts its BUSD in SAFU funds to other stablecoins”

Coinbase is reportedly planning on setting up a new crypto trading platform overseas The exchange is moving in this direction days after penning its 8-week international expansion drive Coinbase – the leading American-based crypto exchange – is reportedly planning on setting up a new Bitcoin (BTC) and crypto trading firm overseas. According to a reportContinue reading “Coinbase reportedly plans on opening new crypto trading platform overseas”

SVB Financial has decided to move for chapter 11 filing before a Southern New York district court The group reported a liquidity of around $2.2 billion in the filing On one hand, Bitcoin (BTC) and other cryptocurrencies have started to thrive in the market. On the other hand, the picture is quite the opposite asContinue reading “SVB Financial files for Chapter 11 Bankruptcy as Bitcoin, cryptos see green”

Authorities have seized and taken down the website of ChipMixer The crypto mixer was used to launder funds stolen from Binance, Ronin Bridge, and FTX Bitcoin mixer – ChipMixer has been shut down by authorities, as per an announcement by Europol. The operation involved the collaboration of regulatory authorities from various countries. The operation alsoContinue reading “Authorities shut down Bitcoin mixer ChipMixer, seize $46.6M”

FBI and SDNY are probing the collapse of Terra’s algo-stablecoin – UST The agencies investigation is on similar lines as that of the SEC, which charged Do Kwon for committing securities fraud The United States Justice Department is reportedly investigating the collapse of the once-leading algo-stablecoin – TerraUSD (UST). According to a report by WallContinue reading “US Justice Department is reportedly investigating TerraUSD (UST) collapse”

New York authorities have shut down Signature Bank, which closed in the red on Friday Silicon Valley Bank customers will get back their deposits in whole, with withdrawals opening on Monday While the crypto-market is still grappling with the collapse of the crypto-centric bank – Silvergate Bank, another bank has had its shop closed. InContinue reading “Breaking: Crypto-friendly Signature Bank closed by New York authorities”

Ripple revealed exposure to Silicon Valley Bank but did not disclose the amount of cash held by the bank Ripple CEO claims that the company’s operations remain unaffected by the recent developments While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And,Continue reading “Ripple discloses exposure to SVB; not caused business operations disruption”

Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday The stablecoin issuer has claimed it will cover funds shortfall with corporate resources Circle – the company issuing leading stablecoin, USDC – has issued anotherContinue reading “Circle will cover funds shortfall caused by Silicon Valley Bank collapse”

Ethereum (ETH) has been branded as a security by the NYAG alongside two other coins The New York AG wants to stop Kucoin’s operations in the region via the lawsuit The New York Attorney General Letitia James has sued the crypto exchange – Kucoin. The AG claims that Kucoin violated the Martin Act in threeContinue reading “NYAG lists Ethereum (ETH) as security in lawsuit against Kucoin”