Industry
FCA Says All Crypto ATM Firms in UK Are Illegal
It’s been less than two months since blockchain analytics firm Elliptic published a report detailing its predictions for this year’s crypto regulations.Martha GrizzardDogecoin, Shiba Inu Soar After Elon Musk Announces New Twitter CEO
Elon Musk, still on the hunt for a new Twitter CEO, jokingly introduced a dog as Twitter's new CEO, causing the prices of Dogecoin, Shiba Inu, and Floki to skyrocket. As of press time, the three emoticons have all experienced a sharp appreciation, with DOGE up 6.1%, Shiba Inu up 4.3%, and FLOKI up 39%.Wayne IngramBinance and Huobi freeze $1.4 million in cryptocurrencies linked to North Korean hackers
The North Korea-based hacking group Lazarus Group resorted to different privacy mixers in an attempt to anonymize the stolen funds, but it didn’t work.Hallie GillConflux Partners with China Telecom to Develop Blockchain SIM Cards
According to Conflux, BSIM will have a secure place to store digital private keys and will support the transfer and exchange of NFTs.Jerry McNeillSEC to target crypto firms operating as ‘qualified custodians’
The U.S. Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could affect the services crypto firms can offer their clients.Martha GrizzardBinance CEO predicts the crypto industry will move away from US Dollar-backed stablecoins
Binance CEO Changpeng Zhao (also known as "CZ") said in a statement on Twitter Spaces that over time, the cryptocurrency industry may start to move to stablecoins based on the euro, yen or Singapore dollar , and reduce reliance on dollar-based stablecoins.Christopher SmithHuobi Cloud Wallet will be shut down permanently in three months
Huobi, one of the world's leading cryptocurrency exchanges, has quietly announced the closure of its cloud wallet Huobi Cloud Wallet, formerly known as iToken.James DeanCoinbase Will Defend Staking in Court if Needed
Executives at cryptocurrency exchange Coinbase are backing its cryptocurrency staking service, claiming they cannot be classified as securities and threatening to take the matter to U.S. courts.Christopher SmithPaxos 'categorically disagrees' with SEC's claim that BUSD is a security
According to a press release on Monday, stablecoin issuer Paxos acknowledged that it had received Wells’ notice from the SEC indicating that enforcement action may be taken based on its allegations that Binance USD constitutes an unregistered security.Cornell RachelDBS wants to boost cryptocurrency trading in Hong Kong
Singapore's largest bank, DBS, is planning to apply for a license that will allow it to offer cryptocurrency services to Hong Kong residents, as part of the Chinese territory's push to become a hub for digital assets.Wayne IngramCrypto and Forex Platform CEO Eddy Alexandre Pleads Guilty to $248 Million Fraud Scheme
Eddy Alexandre, the purported CEO of cryptocurrency trading platform EminiFX, faces up to 10 years in prison for his involvement in a fraudulent venture.Hallie GillPaxos Faces SEC Lawsuit Over Binance USD
The SEC has reportedly informed Paxos Trust Co. that it plans to sue the stablecoin issuer for violating investor protection laws related to its Binance USD token.James DeanCoinbase to List BLUR as NFT Marketplace to Unlock Tokens from Care Packs
Coinbase stated that when BLUR liquidity is sufficient, they will launch the BLUR-USD trading pair.Craig GreenCrypto Firm Paxos to Face SEC Charges, Ordered to Stop Minting Binance Stablecoin
Blockchain infrastructure platform Paxos Trust Company will stop issuing new Binance Dollar (BUSD) stablecoins amid an ongoing investigation by New York regulators.Cornell RachelFriends With Benefits DAO Launches Social Networking App
The popular decentralized autonomous organization (DAO) Friends With Benefits (FWB) is launching a social networking app, the group announced Thursday on Twitter.Martha GrizzardNFT traders show off their Blur airdrop
The Blur airdrop clearly benefited wash traders the most, with the top three wallets each claiming at least $1.5 million worth of tokens.Sherry CantwellIris Energy Estimates 44,000 New BTC Miners Nearly Tripling Hash Rate
Australia Bitcoin Mining company Iris Energy has revealed that it will nearly triple its mining capacity by adding thousands of mining rigs.James DeanCathie Wood's ARK Invest Owned Nearly $16M in Coinbase Stock in February
Cathie Wood's investment management firm, ARK Invest, continues to add to its holdings of Coinbase (COIN) stock amid the recent cryptocurrency market decline.Barry StidhamStablecoins are not the target of the BUSD crackdown
A recent review of Paxos and its Binance USD, The token is not a direct attack on the stablecoin itself.Craig GreenCBDC Rising in the UAE: Why the UAE Central Bank Is Interested in Issuing a Digital Currency
Initiatives around central bank digital currencies (CBDCs) have gained attention in recent months as banking authorities attempt to simplify cross-border transactions and spur innovation in the payments industry.Cornell Rachel
