Ad Cryptocurrency exchange CEX.IO has received a cease-and-desist order from the FDIC, as seen in a letter published by the U.S. regulator on Feb. 15. The Federal Deposit Insurance Corporation’s legal division said that CEX.IO has made false or misleading statements suggesting that the FDIC insures it. CEX.IO’s official website claims that “U.S. dollars held…
Ad Coinbase and other crypto custody providers asserted on Feb. 15 that they will be able to operate under proposed changes to custodial rules. Coinbase endorses SEC’s efforts Today, the U.S. SEC voted to propose a regulatory change that could require exchanges to store user assets with qualified custodians. This would also update rules for…
Ad Last week, in advance of Rihanna’s hotly anticipated Super Bowl halftime show, an NFT collection featuring royalty rights from her 2014 song “Bitch Better Have My Money” was taken down and delisted from OpenSea. One of the song’s original producers, Jamil “Deputy” Pierre, offered his rights to the song to an NFT marketplace specializing…
Ad The biggest news in the cryptoverse for Feb. 15 saw Celsius announce that it plans to begin paying back eligible users. Elsewhere, the SEC has proposed expanding federal custody rules to the crypto sector. Plus, Charles Hoskinson on staking regulation, and finally, someone has uploaded a recording of a fart onto Bitcoin’s Ordinal Network….
Ad Alexey Pertsev, the developer of Tornado Cash, an open-source crypto-mixing protocol, will continue to be detained until his next hearing on April 21, according to a ruling by a Dutch court. The court of East Brabant in Holland has also scheduled a pre-trial review for May 24, as reported by The Block. In August,…
Ad Bitcoin (BTC) has surpassed $24,100 for the second time this month. As of 10:00 p.m. UTC on Feb. 15, Bitcoin was valued at $24,103. That price means that the cryptocurrency now has a market cap above $465 billion. The asset’s price briefly reached this level during another rally earlier this month. On Feb. 1 and…
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Ad Push Protocol (formerly EPNS,) the blockchain messaging and communications protocol, launched on BNB Chain on Feb. 15, as its PUSH token jumped 41% over the past 24 hours. The goal is to “expand its reach and appeal across an ever-diverse list of ecosystems” following its prior launches on Ethereum and Polygon. “Launching on BNB Chain…
Ad Two notable developments concerning the bankrupt crypto firm FTX and its former CEO, Sam Bankman-Fried, occurred in court on Feb. 15. Stanford members signed SBF bail bond Previously, Judge Lewis Kaplan allowed two individuals who signed Sam Bankman-Fried’s bail bonds to be publicly identified during his criminal trial. Court documents today revealed that those…
Ad A charity founded by Ruairi Donnelly, a former FTX executive, is attempting to get back $30 million in locked funds from a frozen account held on the bankrupt exchange, The Wall Street Journal reported. According to the WSJ report, Polaris Ventures served as a charitable venture founded with profits from the FTT token, backed…