Ad Several notable cryptocurrency industry figures have come to the defense of Coinbase following the company’s receipt of a Wells notice. Polygon comes to the defense of Coinbase The Wells notice received by Coinbase indicates that the U.S. Securities and Exchange Commission likely intends to file charges against the exchange. In response, Polygon Labs president…
Ad Coinbase moved forward with a Twitter Space on crypto regulation previously planned for Friday following the Wells Notice served to it by the SEC this week. Chris Lehane, SVP of Policy & Communications at Airbnb, kicked off the Twitter space by giving the ‘forward-looking statement’ disclaimer usually reserved for earnings calls and other official…
Ad Bitcoin reached a new year-to-date high of $28,865 prior to the FOMC meeting this afternoon. However, it then proceeded to lose both the $28,000 and $27,000 psychological support falling 7.2% in two hours. Over $224 million has been liquidated from the crypto markets over the past 24 hours, with $170 million in the past…
Justin Sun Justin Sun is the Ambassador and Permanent Representative of Grenada to the WTO, Founder of TRON, one of the world’s largest blockchain DAO ecosystems, and Advisor to Huobi Global, one of the world’s largest crypto exchanges. More about Justin Sun Info LinkedIn Twitter
Ad U.S.-based crypto exchange Coinbase announced on March 22 that it intends to support Arbitrum’s upcoming native token ARB and list it for trading on the platform. Listing details Coinbase said it will add support for the ERC-20 token and warned users not to send it to networks other than Ethereum. The exchange added that…
Ad The Djed stablecoin would soon be available on Ethereum, Binance Smart Chain (BSC,) and others. COTI CEO Shahaf Bar Geffen said COTI had always planned for Djed to branch out from Cardano into other blockchains, but recent stablecoin turbulence has accelerated the move. Stablecoin turbulence Recent weeks have seen significant rumblings in the stablecoin…
Cryptocurrency exchange OKX intends to shutter operations in Canada by mid-2023, according to an email sent to users in the country. The exchange said withdrawals will remain open until June 22 and users must transfer their crypto and fiat to other crypto wallets or linked banked accounts. OKX said in the email: ” You will…
BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance. The 9,000-word document, published March 16, touches on everything from the geopolitical crisis and the war in Ukraine to strategies for long-term growth and digital assets to…
U.S.-based crypto exchange Coinbase is considering setting up an offshore exchange due to the recent regulatory clampdown on the crypto industry, Bloomberg reported on March 17. Coinbase reportedly contacted some institutional clients to discuss setting up an alternative marketplace for global users. While the location for this exchange is undecided, Bloomberg reported that the firm…
After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved. The company reported that they redeemed $3.8 billion USDC and minted $0.8 billion USDC since Monday, and they have also shifted their banking partner due to the Silicon Valley Bank (SVB)…