The UK’s Financial Conduct Authority has issued a warning to unregistered cryptocurrency firms for their lack of interaction with the regulator in preparation for the new financial promotions regime.
The management of Mt.Gox, a now bankrupt crypto exchange, has announced that the deadline for compensation payments would be postponed from October 31, 2023 to October 31, 2024.
Rashawn Russell, a former employee of Deutsche Bank, has admitted to being involved in a scam to defraud 29 clients of the R3 crypto fund for a total of $1.5 million.
Coinbase’s Base Layer 2 network has recently launched Pessimism, a monitoring system developed to enhance security oversight for networks within the Optimism ecosystem.
Venmo, a peer-to-peer payment platform, will soon introduce PYUSD, the stablecoin offered by PayPal.
In addition to Binance and Coinbase, other centralized exchanges (CEX) and decentralized finance (DeFi) protocols are also under investigation by the Securities and Exchange Commission (SEC).
The Optimism Collective DAO has distributed 19.4 million OP tokens, with a value of $26.9 million, to 31,870 active addresses on their second-level Ethereum network (OP Mainnet).
