Crypto lending firms on the hot seat: New regulations are coming?
The sheer amount of money invested in the crypto space is causing regulatory dialog to occur at a frenetic pace as regulators struggle to keep pace. Go to Source Powered by WPeMatico
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Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves
Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.” Go to Source Powered by WPeMatico
SEC was the only regulator not willing to meet with Coinbase: Brian Armstrong:
Coinbase CEO Brian Armstrong has stated that SEC won’t meet with the firm, while asserting the 50% of Washington officials are concerned over the risks of crypto. Go to Source Powered by WPeMatico
Coinbase applies to trade crypto futures
If Coinbase gets approval from the National Futures Association, it will then need to register with the Commodity Futures Trading Commission to get the green light. Go to Source Powered by WPeMatico
SEC threatens to sue Coinbase over crypto yield program it considers a security
“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase. Go to Source Powered by WPeMatico
SEC Allegedly Probes Operators Behind World’s Largest Decentralized Exchange, Uniswap: Report
According to a recent report, the U.S. Securities and Exchange Commission (SEC) has allegedly started probing the startup that operates the decentralized exchange (dex) Uniswap. The dex platform Uniswap is the largest dex in terms of trade volume with over $10 billion in crypto tokens swapped in the last seven days. Sources from the report … Read more
Celsius users to receive yield from its $200M Bitcoin mining investment
“There’s nothing better than building a factory that makes Bitcoin,” said Celsius CEO, Alex Mashinsky. Go to Source Powered by WPeMatico
Celsius reports it doubled its crypto holdings to $2.2B in six months
Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management. Go to Source Powered by WPeMatico
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According … Read more
Celsius Network founder gifts wife 15 million CEL tokens
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday Go to Source Powered by WPeMatico
