Synthetix Creator Believes US Regulators Are No Longer Acting in Good Faith Towards Cryptocurrency

Kain Warwick, the creator of Synthetix (SNX), has expressed his belief that US financial regulators are no longer operating in good faith when it comes to overseeing the cryptocurrency sector. In an interview with Bankless, Warwick mentioned his surprise at the level of "adversarial attacks" on the ...

Synthetix Creator Believes US Regulators Are No Longer Acting in Good Faith Towards Cryptocurrency

Chris Ferraro, the interim CEO of Celsius, has implemented a strategy focused on stability and a more "boring" work culture to revive the bankrupt lender. According to Bloomberg, Ferraro initiated regular staff meetings and emphasized sticking to the budget as part of his efforts to make the company ...

Cryptocurrency Exchange Kraken Diversifies into Traditional Finance with US Stock and ETF Trading

Kraken, a prominent cryptocurrency exchange, is gearing up to diversify its services by entering the realm of traditional finance. The exchange has announced plans to launch US-listed stock and Exchange-Traded Fund (ETF) trading services in 2024, marking its first venture outside of the cryptocurren ...

BIT Dubai Exchange Adds Filecoin (FIL) Options Trading to Meet Growing Demand

Cardano's Project Catalyst, a decentralized fundraising initiative fueled by the ADA cryptocurrency, has completed Fund 10 with notable success. This initiative allows the Cardano community to propose, vote on, and financially support projects that contribute to the platform's growth and innovation. ...

Binance, World’s Largest Crypto Exchange, Plans to Cut 20% of Staff in June

Crypto reporter Wu Blockchain says the world's largest cryptocurrency exchange intends to cut a fifth of its full-time staff in June. Wu Blockchain assures that the fact of staff reduction was confirmed by the people who received the relevant notice of dismissal. Binan ...

Binance CEO Rejects Buying Banks to Solve Cryptocurrency Firms’ Banking Access Issues

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that the company is unlikely to buy any bank to solve problems with cryptocurrency firms' access to banking services. During the Bankless podcast, Changpeng Zhao responded to a question from a Twitter user under ...

Unbanked Crypto Trading Platform Forced to Shut Down Amidst Stringent U.S. Regulations

Crypto trading platform Unbanked announced it is shutting down due to tough industry regulations in the U.S. In an official notice to customers, Unbanked said the decision to close the business was made after numerous but unsuccessful attempts to meet all the requirements ...

World Economic Forum and Digital Currency Management Consortium Present Recommendations for Cryptocurrency Regulation

Participants of the World Economic Forum (WEF) presented recommendations on the regulation of digital assets. The guide was compiled in conjunction with the Digital Currency Management Consortium, part of the WEF. The authors of th ...

Ripple CEO Brad Garlinghouse Optimistic About SEC Lawsuit Outcome at Redefine Tomorrow 2023 Summit

This is the point he made during an interview at the Redefine Tomorrow 2023 Summit Ripple had previously won a very important court victory It's about the Hinman document disclosure Ripple CEO Brad Garlinghouse believes that the legal "epic" of the SE ...

Coinbase Launches ‘Crypto: Moving America Forward’ Campaign to Promote Cryptocurrency’s Vital Role in Global Finance

Cryptocurrency exchange Coinbase announced the launch of the "Crypto: Moving America Forward" advertising and education campaign. Objective: to emphasize the importance of cryptocurrency as a technology. Coinbase intends to first f ...

Green United Founders Seek Dismissal of SEC Lawsuit, Deny Fraud Allegations

The founders of Green United LLC filed a motion to dismiss the SEC lawsuit accusing them of fraudulent activity. The regulator sued Green United, a green mining company, in March, alleging that its founders, Wright Thurston and Kristoffer Krohn, were promising investors too ...

LBRY Faces Regulatory Challenges as SEC Amends Fine in Landmark Lawsuit

The regulator made this decision in light of the organization's insolvency LBRY had previously lost a lawsuit with the SEC and the LBC token was recognized as a security The organization said that the decision in the case puts the platform on the verge of liquidat ...

Gemini to Launch International Cryptocurrency Derivatives Exchange with Perpetual Futures

Gemini, the U.S.-based cryptocurrency exchange, has reportedly set its sights on launching an international derivatives platform that will offer perpetual futures to traders outside the United States. According to sources familiar with the situation, the platform is currently in the works and is ...

Binance Terminates Zero-Fee Bitcoin Trading Pairs, Except TUSD/BTC

Binance, a popular cryptocurrency exchange, recently made changes to its fee structure for Bitcoin trading pairs. Previously, Binance had offered a nine-month promotion that eliminated all commissions for Bitcoin spot trading, which experts say helped the exchange increase its market share signif ...