This comes as Silvergate Bank (SI), once the go-to bank for crypto, faces significant financial headwinds and regulatory scrutiny. Over the past month, the majority of Silvergate’s clients have parted ways with the beleaguered bank […]
Bitcoin markets have been in retreat since mid-February and recent psychological price rejections. However, they remain in a transitional phase according to on-chain analysis. In its “Week On-chain” report on March 6, blockchain analytics provider […]
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, […]
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable. Source link
SEC Senior Trial Attorney William Uptegrove said Friday that SEC staff believed Binance US may be operating an unregistered securities exchange in the U.S., an assertion that Binance US objected to. On Monday, U.S. Bankruptcy […]
Bankrupt proprietary trading firm Alameda Research has sued Grayscale for reducing the value of FTX Debtors’ shares in its Bitcoin and Ethereum Trusts. Alameda alleges that the firm reduced the value of the shares of […]
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Kraken, one of the most popular crypto exchanges in the U.S., reportedly has plans to launch its own bank. The news comes amid a challenging regulatory environment. Kraken’s Chief Legal Officer, Marco Santori, said, “Kraken Bank is on track […]
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges. Source link
BTC has traded in a narrow range since it dropped sharply last Thursday as Silvergate’s woes grew increasingly apparent. Source link
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