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The Digital Chamber, a crypto trade association, condemned the SEC for submitting a Wells notice to Robinhood Crypto.
In a statement on May 6, the association expressed “profound disappointment and concern” over the action and called it an example of regulatory overreach.
The Digital Chamber emphasized its ongoing opposition to the SEC extending its reach without authorization from Congress. It...
Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs).
Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain future facing central banks. He...
Grayscale Bitcoin Trust (GBTC) experienced $63.0 million in inflows on May 3, Farside data indicates.
The relevant daily inflows mark the first time since GBTC’s January launch that the fund avoided outflows, breaking its 16-week outflow streak.
However, GBTC’s latest day of inflows is lower than its average daily outflows over the past several weeks of trading. The fund’s total outflows...
The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms.
Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), reportedly revealed this plan during a virtual meeting with the country’s blockchain stakeholders today as part of a wider effort to combat the manipulation of the...
Custodia Bank has hired two solicitors to represent it in its case against the US Federal Reserve, Politico reported on May 26.
Custodia CEO Caitlin Long confirmed the news and said the two solicitors have a “deep understanding of federalism issues” and experience in federal regulation of the crypto industry. She also praised each solicitor’s “stellar appellate track record” in handling...
In the wake of the Securities and Exchange Commission’s (SEC) recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan offered insights suggesting that the regulatory landscape might be inadvertently favoring US crypto exchange Coinbase.
Hougan proposed in a recent social media post that the current regulatory environment creates an “artificial moat” for Coinbase’s operations —...
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4.
According to a filing, the Gary Gensler-led Commission staff has been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it.
Dan Gallagher, the chief legal officer...
With the US SEC’s approval of the spot Bitcoin ETF application, Bitcoin’s price soared to a new historic high of $72,000, bringing cryptocurrencies back into the view of traditional investors. Bitcoin’s market cap has now surpassed Tesla and Visa, ranking as the ninth largest asset class globally. The total market cap of cryptocurrencies has also broken through $2.3 trillion, marking its...
Phishing attacks within the crypto industry decreased 46% to $38 million in April, the lowest amount this year, according to the security firm Scam Sniffer.
Notably, this aligns with CertiK’s finding that crypto-related exploits and scams plummeted to a historic low of $25.7 million in April.
April’s phishing attack
Per Scam Sniffer’s findings, the Coinbase-backed Ethereum layer-2 network Base...
Bitfinex Chief Technology Officer Paolo Ardoino has debunked rumors that the crypto exchange suffered a database exploit recently.
Over the weekend, several reports suggested a potential database leak comprising 22,500 records of emails and passwords allegedly from Bitfinex users.
However, Ardoino opined that the purported breach was likely fake, stating that only a small percentage of the leaked...