Robinhood Will Acquire Fintech Startup X1
Online brokerage firm Robinhood has made a deal to purchase the X1 platform.
Coinbase CEO: US Election is a Key Moment for Regulation of Crypto Industry
Brian Armstrong, CEO of US crypto exchange Coinbase, believes that the upcoming 2024 US presidential election could drastically change the legal status of the crypto industry.
Prime Trust Halts Withdrawals Following Nevada Regulator’s Order
Crypto custodian Prime Trust has been issued a directive from the Nevada Department of Business and Industry that requires it to suspend fiat and digital asset deposits and withdrawals.
US Will Vote on Crypto and Stablecoin Legislation Next Month
The House Financial Services Committee is due to start debating two proposed laws in the second week of July that seek to create a distinct path for digital assets to transition from security investments to commodities with lower reporting and regulatory requirements.
Fed Chairman Believes Agency Should Regulate Stablecoins
Federal Reserve Chairman Jerome Powell expressed support for a strong federal role in regulating the stablecoin sector on Wednesday.
Valkyrie Files Application to Launch a Spot Bitcoin ETF
Valkyrie Funds yesterday submitted a filing to the US Securities and Exchange Commission (SEC) for its Valkyrie Bitcoin Fund ETF.
The Trading Volume of Grayscale’s Bitcoin Trust Increases 4-fold
Grayscale Investments’ GBTC has seen a remarkable 400% increase in trading volume, jumping from $16.1 million to $80 million.
France Seeks a Global Regulation of DeFi Industry
The Financial Markets Authority (AMF) has released a statement arguing that a regulation framework is needed to manage decentralized exchanges (DEXs) both nationally and internationally.
OKX Limits Services for Russian Citizens
Due to the requirements of Russian regulators, OKX cryptocurrency exchange amended on June 19 the service for Russian citizens by restricting their access to a number of products.
Coinbase: The SEC Has Ignored a Court Order
Paul Grewal, Coinbase’s General Counsel, has commented on the SEC’s response to the platform’s debate about regulatory clarity in the July 2022 case.
Ethereum Developers Pre-build the Deneb Update Package
Ethereum developers have discussed the details of the upcoming Deneb consensus level update, slated for inclusion in the Dencun hard fork.
FTX Reportedly Pays $120M in Consulting Fees
Between February 1 and April 30, the collapsed FTX exchange spent a total of $121.8 million on consulting and financial services.
Wyre Announces it is Closing its Business
After ten years of operation, US crypto payment company Wyre has announced it is shutting down due to harsh bear market conditions.
FDIC Accuses Crypto Exchange OKCoin of Misleading its Customers
The FDIC has accused OKCoin of making misleading statements about deposit insurance.
Binance Leaves the Netherlands
Binance is leaving the jurisdiction of the Netherlands as the exchange is unable to obtain a virtual asset service provider (VASP) license from the local regulator.
