Category: crypto
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Court denies SEC, Ripple settlement motion after finding procedural misstep
US District Judge Analisa Torres denied a joint motion by the SEC and Ripple for a proposed settlement regarding the sale of XRP. The denial was based on procedural issues and did not reflect a substantive rejection of the settlement. The parties must now refile their motion correctly to proceed with settlement efforts.
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Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing
The US SEC is investigating Coinbase over alleged misrepresentation of user numbers. The exchange confirmed the probe after a New York Times article. This, combined with a recent scam issue and internal breaches, caused a 6% drop in share price. Coinbase has shifted to reporting “monthly transacting users” and is working with the SEC to…
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Telegram takes down $35 billion black-market networks, but illicit operators plan comeback
Telegram has shut down thousands of accounts associated with black-market networks Xinbi Guarantee and Haowang Guarantee, which facilitated over $35 billion in stablecoin transactions. Despite the crackdown, operators are trying to revive their operations on Telegram. Haowang has ceased operations, while Xinbi is attempting a comeback as “Xinbi 2.0.”
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TRON DAO Upgrades to Chainlink Data Feeds as Official Oracle Solution, Securing $5.5+ Billion in DeFi TVL
TRON DAO in Geneva, Switzerland, has adopted Chainlink Data Feeds as its official data oracle solution for the TRON ecosystem, enhancing security and reliability for DeFi applications. This transition discontinues support for WINkLink and strengthens TRON’s DeFi landscape, with over $5.5 billion TVL secured by Chainlink oracles.
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UK HMRC mandates crypto exchanges must share user data starting 2026
Beginning Jan. 1, 2026, digital asset service providers in the UK must submit customer data to HMRC under the OECD’s Cryptoasset Reporting Framework. Providers must collect details on users who are tax residents in the UK or CARF-adopting countries. Failure to comply could result in penalties of up to £300 per user. The UK Treasury…
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Coinbase resists $20 million Bitcoin ransom demand after insider-led data breach
Coinbase reported a data breach affecting less than 1% of users, with hackers extorting $20 million in Bitcoin. Insiders leaked sensitive data enabling social engineering scams. User credentials and core infrastructure remained secure. Coinbase terminated compromised employees and is working with law enforcement. The company will compensate affected users and establish a $20 million reward…
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Cboe requests to list first US spot TRON ETF offering staking rewards
Cboe BZX Exchange filed a proposed rule change to list and trade shares of the Canary Staked TRX ETF, the first US-based spot Tron ETF offering staking rewards. The ETF plans to stake TRX holdings for yield, tracks the TRX USD CCIX rate, and aims to differentiate itself in the crypto market. Approval is pending…
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Ukraine plans first-of-its-kind Bitcoin reserves with reported support from Binance
Ukraine is preparing legislation to hold Bitcoin in its national reserves, aiming to become one of the first nations to do so. The draft law is being developed by Member of Parliament Yaroslav Zhelezniak. Binance is advising Ukraine on this initiative, as the country looks to regulate digital assets and create a sovereign digital reserve.
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NY Federal Reserve taps tokenized assets not CBDCs as future of finance
The Federal Reserve Bank of New York, in partnership with BIS Innovation Hub Swiss Centre, found that tokenized assets, not central bank digital currencies (CBDCs), could be a future framework for monetary policy. Project Pine tested smart contracts for open market operations, emphasizing programmable platforms and tokenized assets for monetary policy implementation. The report suggests…
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Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak
CryptoSlate Alpha is a membership program that requires the purchase of an NFT using Solana’s native token, SOL. A Solana wallet connection is necessary for the purchase. By buying the membership, users agree to the terms and conditions of their digital wallet provider and the Access Foundation. CryptoSlate is not responsible for the digital wallet’s…