The United States Securities and Exchange Commission (SEC) has been critical of the cryptocurrency industry, leading many experts to believe that crypto is under attack. The SEC argues that many digital assets may be securities subject to federal securities laws, causing increased uncertainty and fear in the industry. Crypto experts believe the SEC’s approach is misguided and motivated by a desire to protect the traditional financial system.
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Open Exchange, a leading fintech provider, has partnered with blockchain platform 3AC to launch a new platform designed for financial institutions. With a focus on security, scalability, and transparency, 3AC’s platform will revolutionize the way financial institutions operate and offer better services to their customers.
Binance, a leading cryptocurrency exchange, has announced the deployment of zk-SNARKs technology to its Proof of Reserves system in order to increase transparency and secure the assets of its users. This move demonstrates Binance’s commitment to maintaining high standards of security and trust, setting a positive example for the rest of the industry
Stablecoin issuer Paxos is currently under investigation by the New York State Department of Financial Services (NYDFS), according to sources close to the matter. The regulator is looking into whether or not the company has been adhering to state-level regulations governing the operation of cryptocurrency firms.
Kraken, one of the largest cryptocurrency exchanges, will shut down its staking services as part of a settlement with the US Securities and Exchange Commission (SEC). The SEC had accused the exchange of offering unregistered securities through its staking services, which allowed customers to earn rewards for participating in a blockchain network. The discontinuation of staking services has caused mixed reactions in the cryptocurrency community, with some expressing disappointment and others seeing it as a step towards greater regulation.
The crypto world was stunned by the recent news that the once high-flying cryptocurrency exchange, FTX, has declared bankruptcy. The news has sent shockwaves through the crypto community, and many are left wondering what went wrong. FTX was founded in 2019 and quickly became one of the most popular cryptocurrency exchanges. The exchange was known …
A former Coinbase employee has agreed to a plea deal in connection with a case of insider trading. The individual, who worked in the compliance department of the cryptocurrency exchange, has been accused of using non-public information to trade in cryptocurrencies on the platform. The plea deal marks a significant development in the ongoing investigation …