61 / 85 Relevant items tagged with #CryptoCurrencies

Posts

Stargate foundation advises DAO against reissuing STG tokens

[Mar 14, 2023 2:15 AM] The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay.

Bitcoin surges past $24,000 on CME launch of BTC event contracts

[Mar 13, 2023 2:40 PM] Bitcoin futures on CME have traded 550,000 contracts since inception.

Okcoin suspends USD deposits in wake of Signature Bank closure

[Mar 13, 2023 9:00 AM] U.S. dollar withdrawals on Okcoin are not affected by the suspension.

314M USDC sent to null address as redemptions begin: Report

[Mar 13, 2023 8:15 AM] The token is on the verge of restoring to its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.

Circle taps Cross River as banking partner, expands ties with BNY Mellon

[Mar 13, 2023 5:47 AM] Circle announced a new banking partner after Silicon Valley Bank’s failure, and is expanding ties with BNY Mellon.

Bank of Russia Registers Another Digital Asset Issuer

[Mar 12, 2023 11:30 PM] The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize…

Binance Trains Ukraine’s Cyberpolice and Security Service

[Mar 12, 2023 4:30 PM] Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries…

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

[Mar 12, 2023 2:30 AM] A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of…

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

[Mar 11, 2023 11:30 PM] Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new…

Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

[Mar 11, 2023 2:18 PM] The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.

Breaking: USDC slowly repegs on unconfirmed reports of SVB resolution

[Mar 11, 2023 1:21 PM] According to insiders, 50% of uninsured deposits will be paid out by next week.

Failed tech bank SVB held over $5B for prominent crypto VCs: Report

[Mar 11, 2023 11:50 AM] It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.

Crypto whales suffer huge losses due to USDC depeg, SVB collapse

[Mar 11, 2023 10:48 AM] The depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction.

Aavegotchi bonding curve closes on exact day of DAI depeg

[Mar 11, 2023 8:55 AM] The price of GHST was supported by that of DAI stablecoin for over two years.

Maker DAO files emergency proposal addressing 3.1B USDC exposure

[Mar 11, 2023 7:22 AM] "Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker.

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

[Mar 10, 2023 5:30 PM] Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing…

Binance Bans Russians From P2P Transactions With Dollars and Euros

[Mar 10, 2023 3:30 PM] Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based…

Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined

[Mar 10, 2023 3:30 PM] The majority of the DeFi tokens in the top 100 traded in the red on the weekly charts due to a downturn in the broader financial market.

Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles

[Mar 10, 2023 1:30 PM] Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity…

US senators write to banking regulators about potential crypto discrimination

[Mar 10, 2023 12:30 PM] The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries.

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

[Mar 10, 2023 12:10 PM] After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can…

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

[Mar 10, 2023 11:30 AM] On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion…

Nigerian president-elect aims to use blockchain technology in the banking sector

[Mar 10, 2023 7:04 AM] The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.

17 biggest crypto heists of all time

[Mar 10, 2023 3:45 AM] Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article.

Iran’s Crypto Rial Project Enters Trial Phase

[Mar 10, 2023 3:30 AM] The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s…

SEC of Thailand wants public feedback on crypto lending, staking ban

[Mar 10, 2023 2:50 AM] Thailand’s securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services.

Blockchain.com suspends its asset management subsidiary launched in April: Report

[Mar 9, 2023 3:47 PM] The timing of opening the subsidiary was unfortunate, a spokesperson noted to Bloomberg, although the company held up to the crypto winter for quite a while.

Crypto industry braces for impact with Silvergate exit

[Mar 9, 2023 3:30 PM] Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim.

House Republicans directly criticize Biden administration for digital asset policies

[Mar 9, 2023 12:46 PM] "Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members.

US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

[Mar 9, 2023 10:30 AM] Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes.