MetaMask developer Consensys has formally requested that the U.S. Securities and Exchange Commission (SEC) exempt self-custody wallet providers from broker-dealer registration requirements, …
Citing
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Regulation
US prosecutors ask for leniency for ex-Celsius exec, citing cooperation
by shayaanby shayaanFederal prosecutors are recommending a light sentence for Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius. In …
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Regulation
South Korea court cancels Upbit suspension, citing regulatory gaps: Report
by shayaanby shayaanA South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange …
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Regulation
US Banking Group Slams Coinbase Conditional Trust Approval, Citing Risks in Crypto Banking Expansion
by shayaanby shayaanRegulatory tensions rise as Coinbase’s banking ambitions draw sharp opposition, highlighting risks tied to oversight gaps and institutional integration within U.S. financial …
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The city council of Haverhill, Massachusetts is set to consider a ban on cryptocurrency ATMs following a proposal for an ordinance introduced …
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DeFi
ZeroLend winds down operations, citing revenue collapse and inactive chains
by shayaanby shayaanZeroLend, a multi-chain decentralized lending protocol, announced it is permanently winding down operations after three years of activity. Founder Ryker said sustained …
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DeFi
Aave Delegate Platform Proposes Pausing Three L2 Deployments Citing Weak Revenue
by shayaanby shayaanA governance delegation platform for Aave, the largest decentralized lending platform, with more than $29 billion in total value locked (TVL), has …
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Regulation
Sam Bankman-Fried Seeks New Trial Citing Judicial Bias On Fraud Conviction
by shayaanby shayaanFTX founder Sam Bankman-Fried (SBF) has intensified efforts to overturn his fraud conviction by responding to the US government’s dismissal of his …
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Finance
Saudi Prince’s Investment Firm Shuns Crypto Investments, Citing Lack of Utility: Reuters
by shayaanby shayaanKingdom Holding, the investment firm of Saudi Arabian Prince Alwaleed Bin Talal, won’t invest in cryptocurrency in the near future because it …
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Crypto exchange Bybit said it will temporarily suspend its services for its users in India in response to regulation in the country. …