Category: crypto

Coinbase filed a legal objection against the FDIC’s request to delay the release of documents related to the alleged debanking of crypto firms. The exchange accused the FDIC of stalling and failing to meet its obligations under FOIA. Coinbase is pushing for more transparency in understanding the FDIC’s role in crypto debanking.

The US SEC’s Division of Corporation Finance released new staff views on how federal securities laws apply to crypto-related securities. The guidance covers topics such as business operations, token design, governance, and financial reporting. It outlines expectations for disclosures on investment risks, token behavior, ownership tracking, and leadership information.

The Human Rights Foundation launched the Bitcoin Humanitarian Alliance to support civil liberties and aid in financially repressive environments by leveraging Bitcoin. The Alliance aims to provide a platform for organizations to exchange knowledge on using Bitcoin as a financial tool, deepen collaboration, and build a global network of practitioners. The initiative has 13 founding…

Bitcoin experienced a significant drop to $76k, resulting in unrealized losses reaching their highest level since October 2023. This information was reported in a research study conducted 29 seconds ago.

Bitcoin fell over 3% to $78,416 following President Trump’s tariff pause announcement, sparking investor skepticism and fear of trade tensions with China. Ethereum and XRP also dropped. Traditional markets saw losses, with technology stocks hit hardest. Despite positive inflation data, investors are cautious due to geopolitical concerns. Bitcoin remains up 40% YTD.

As Bitcoin becomes more popular as a treasury asset, Casa co-founder Jameson Lopp warns against concentrating BTC with a few custody providers, posing systemic risk. Concerns over custody have been raised, with companies holding over 1 million BTC. Some suggest self-custody, but others believe a balance is needed for usability and sovereignty.

New York Attorney General Letitia James urged congressional leaders to pass federal legislation for regulating crypto, citing risks of fraud and market instability. She highlighted the prevalence of crypto scams and called for oversight on stablecoins, platforms, and retirement accounts. James emphasized the need for uniform standards to protect investors and prevent fraudulent practices.

The SEC and Ripple Labs have filed a motion to pause their appeals in order to finalize a settlement agreement in their long-standing case. The proposed settlement includes Ripple paying a $50 million penalty and withdrawing its cross-appeal. The parties are awaiting formal approval from the SEC and may seek a ruling from the US…

House of Doge, the corporate arm of the Dogecoin Foundation, has partnered with 21Shares to launch Dogecoin exchange-traded products (ETPs) endorsed by the Foundation. 21Shares filed a registration statement with the SEC to create a Dogecoin ETF in the US, marking a milestone in Dogecoin’s evolution into a legitimate financial asset.

Block Inc., the company behind Cash App, led by Jack Dorsey, has been fined $40 million by NYDFS for AML and compliance system lapses. Block must pay within 10 days, have an independent monitor for 12 months, and improve AML controls. NYDFS found issues with monitoring Bitcoin transactions and engaging with high-risk wallets and mixers.