Elon Musk, who is still looking for a new CEO of Twitter, jokingly introduced a dog as the new CEO of Twitter, sending the price of Dogecoin, Shiba Inu and Floki soaring. At press time, all three meme coins saw…
Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multi-billion dollar fraud scheme orchestrated by Sam Bankman-Fried (SBF)” and two entities, FTX and Alameda Research, in a newly proposed class action. lawsuit. A proposed…
While the crypto market is currently in a state of confusion following regulatory scrutiny, updates on upcoming catalysts are still ongoing. Before today, Shiba Inu main developer Shytoshi Kusama provides potential clues about the launch of the Shibarium layer-2 block.…
The official committee of Celsius creditors proposed to sue Celsius founder Alex Mashinsky and other executives for “fraud, negligence, mismanagement and acts of self-interest” that ultimately led to the collapse of the crypto lender. In the proposed complaint filed in…
It hasn’t even been two months since Elliptic, a blockchain analytics company, published it report details predictions for this year’s crypto regulations. The company says that 2023 will see increased sanctions in the crypto space as global regulators tighten regulations…
Despite efforts to police cryptocurrency through enforcement actions, the financial regulator of the United States is “bound by legal reality” and Congress will finally decide to rule crypto policy experts for the crypto advocacy group Blockchain Association has suggested. The…
Market-making firm Citadel Securities, owned by Ken Griffin, recently made a big bet on crypto-friendly Silvergate Bank, worth $25 million, according to a filed released by the Securities Exchange Commission (SEC) on February 14. According to SEC filings, the market-making…
USD Coin (USDC) issuer Circle has denied rumors that it has received a “Wells Notice” regarding its stablecoin pegged to the United States dollar. On February 14, a now-deleted tweet from Fox Business reporter Eleanor Terrett claimed Circle had been…
A new link between the Central American country and Texas has been created from Bitcoin. After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening its second in Texas. According to a tweet from the Ambassador of…
While the cryptocurrency industry has been under the radar of regulators over the past few years, including major exchanges like Binance, the most targeted aspect is stablecoins. After the recent saga between Paxos, the issuer of securities from Binance branded…