Circle, the US-based company behind the stablecoin USDC, has appointed Heath Tarbert, the former Commodity Futures Trading Commission (CFTC) chair, as its new Chief Legal Officer. Tarbert will officially join Circle in July, and his role will involve building a bridge between traditional finance (TradFi) and web3. Pushing for Regulatory Clarity Circle aims to push
According to Kaiko data, Bitcoin (BTC) is trading at a discount on Binance.US after the exchange announced that its banking partners have halted USD payment channels on June 13 due to ongoing regulatory troubles. Kaiko reported that BTC had been trading at a premium on Binance.US between June 6 and 8 when rumors emerged that
According to the latest market update from trading firm QCP Capital, crypto investors should brace themselves for macro-fueled price action involving Bitcoin (BTC) and Ether (ETH), but not due to toothless US regulators. Even if the US Securities and Exchange Commission (SEC) continues to go after crypto, it will not cause the mass price depreciation
Brian Armstrong, the CEO of Coinbase, sold $1.8 million worth of company shares on June 5th, according to data from Dataroma. This was just before the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against the company, which caused its shares to drop by over 15% on June 6th. The SEC alleges that Coinbase
The US Department of Justice has unsealed charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner for allegedly stealing thousands of bitcoins from the Mt. Gox crypto exchange between 2011 and 2014. The two individuals were charged in the Southern District of New York “with conspiring to launder approximately 647,000 bitcoins,” which the department claimed
The House Financial Services Committee has released a new version of its stablecoin bill, aimed at regulating payment stablecoins. The bill is a discussion draft that would allow state regulators to supervise stablecoin issuers, with federal regulators playing a primary role by issuing capital and liquidity requirements. The new version includes additional parts such as
Lens Protocol, the social layer for web3 developed by Aave, has raised $15 million in funding. The funding round was led by IDEO CoLab Ventures, with other venture capital firms including General Catalyst, Variant, Blockchain Capital, and Palm Tree also participating. Angel investors such as Hayden Adams, Alex Atallah, and Balaji Srinivasa also funded the
In a landmark ruling, a US district judge has favored the US Commodity Futures Trading Commission (CFTC) in its litigation against Ooki DAO for running an illegal trading platform and failing to comply with the Bank Secrecy Act. The CFTC charged Ooki DAO in late 2022 with operating an illegal trading platform, registration violations and
The freelancing industry has witnessed significant changes in the past few decades, driven by globalization and increased digitization. These changes have been facilitated by various technological advancements, including the emergence of blockchain technology. This new technology has created new opportunities for increased transparency, reduced costs, and improved efficiency in many industries. However, despite these technological
On June 10, Bitcoin (BTC) reached its lowest point in three months, with BTC/USD hitting $25,483, down over $1,200 from the previous day’s high. This occurred as altcoins were hit particularly hard by United States regulatory pressure. The delisting of several cryptocurrencies that accompanied U.S. legal action against major exchanges caused major altcoins to react