Binance, the world’s largest cryptocurrency exchange, has been facing a difficult year in the US. The SEC filed a lawsuit against it in June, while the US Commodity Futures Trading Commission charged Binance and CEO Changpeng Zhao with ”willful evasion of federal law” in March. In response to the regulatory storm, Binance.US has appointed a […]
Citigroup has launched the pilot of its Citi Token Services, a new platform that uses blockchain and smart contract technologies to provide digital asset solutions for institutional clients. The services are designed to meet the need for ‘always-on’ programmable financial services and will provide cross-border payments, liquidity, and automated trade finance solutions. Citi has been […]
The United States House Financial Services Committee is moving forward with legislation to prevent the issuance of a central bank digital currency (CBDC). On Sep. 20, the Committee will mark up two bills related to a potential digital dollar. The first bill, the Digital Dollar Pilot Prevention Act, or H.R. 3712, prohibits the Federal Reserve […]
Sam Bankman-Fried, the former CEO of FTX, is facing multiple criminal charges related to alleged misuse of user funds. Documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest and his thoughts on the legal team handling FTX’s bankruptcy case. Bankman-Fried reportedly drafted a 15,000-word Twitter thread but never […]
BitGo and Swan Bitcoin have announced plans to create a Bitcoin-only trust company in the United States, pending regulatory approval. The company will offer Bitcoin custody, administration and management services to institutional investors, such as asset managers, pension plans, and family offices, as well as governments and company treasuries. It will also provide cold storage, […]
Binance.US, the American arm of the leading crypto exchange Binance, has recently lost two key executives amid increased scrutiny from regulators. Krishna Juvvadi, the head of legal, and Sidney Majalya, the chief risk officer, are the latest in a series of high-level departures from the exchange. Juvvadi was reportedly one of Binance.US’s main points of […]
Bitwave, a cryptocurrency solutions provider, has acquired Gilded, a payments and accounting platform. Gilded was established in 2018 and has over 130 enterprise clients, including mining companies, non-fungible token exchanges, decentralized autonomous organizations, and accountancy firms. Ken Gaulter, chief technology officer of Gilded, will join Bitwave’s technical team as a result of the acquisition. The […]
Minnesota congressman Tom Emmer has reintroduced a bill that seeks to protect U.S. citizens from any possible surveillance through a Central Bank Digital Currency (CBDC). The CBDC Anti-Surveillance State Act aims to protect users from monitoring and tracking by government authorities and uphold financial privacy rights. The bill does not prevent the federal government from […]
The Securities and Exchange Commission (SEC) is likely to target crypto wallets and trading firms in its enforcement regime, according to lawyers from Troutman Pepper. The SEC has been increasingly active in the cryptocurrency space, with the agency recently filing charges against Ripple Labs and its executives for allegedly selling unregistered securities.The SEC has also […]
Binance.US, the American arm of the crypto giant, has recently experienced a significant reduction in its workforce. This downsizing comes shortly after the main company experienced the departures of its top executives due to layoffs and resignations. The company’s president, Brian Shroder, resigned and laid off over 100 employees, constituting one-third of the company’s staff. […]
