0 Comments
The Commodity Futures Trading Commission (CFTC) has recently uncovered violations of US regulations by crypto lending platform Celsius Network. This investigation has also implicated the firm’s former CEO, Alex Mashinsky, according to a report by Bloomberg. If the CFTC’s commissioners agree with the findings of the investigation, legal action against Celsius and Mashinsky may commence
0 Comments
Bitcoin (BTC) struggled to break through the $31,000 mark as it traded below this level at the July 3 Wall Street open. The cryptocurrency remained in a tight range following the weekly close, with bulls eagerly waiting for a catalyst to drive the price higher. Despite modest attempts to breach the resistance levels, Bitcoin’s price
0 Comments
Delio, a prominent crypto lending firm based in South Korea, is currently facing scrutiny from the country’s Financial Services Commission (FSC) over allegations of fraud, embezzlement, and breach of trust. The investigation was triggered by Delio’s unilateral decision to suspend users’ deposits and withdrawals on June 14, causing concern among investors. The FSC is examining
0 Comments
Coinbase, a leading cryptocurrency exchange, has announced its intention to modernize the direct deposit system by implementing blockchain-based stablecoin settlements instead of the traditional ACH deposits. Yuga Cohler, a senior software engineer at Coinbase, outlined in a blog post that the company aims to update the financial system and promote global adoption of cryptocurrencies, all
0 Comments
Bitget, a prominent crypto derivatives exchange, has recently introduced its innovative Crypto Loans program. This new program provides users with the opportunity to stake their own coins in exchange for loans in another cryptocurrency. The primary objective of the platform is to cater to borrowers who are dissatisfied with traditional lenders, offering them a more
0 Comments
Valkyrie Investments has resubmitted its application for a spot-Bitcoin exchange-traded fund (ETF), making amendments to address the concerns raised by the Securities and Exchange Commission (SEC). The recent applications sent back by the SEC have all been amended and refiled, including Valkyrie Investments’ application. As part of the amendments, Valkyrie Investments has declared Coinbase as