crypto assets

FTX (CRYPTO: FTT) has suddenly put a stop to the sale of a coveted asset, which was previously believed to be on the auction block after the crypto exchange declared bankruptcy in November. What Happened: Perella Weinberg Partners, the investment bank advising the FTX sale process, informed bidders...

Digital asset investment products have experienced their largest single-week inflows since July 2022, amounting to $199 million, according to a report. This surge has nearly offset the outflows observed in the previous nine consecutive weeks, Coinshares stated in a blog post. The report...

Attorneys for Binance.US, Binance Holdings Ltd., and CEO Changpeng Zhao are blasting the U.S. Securities and Exchange Commission (SEC) for putting out “misleading” information and not adhering to the “applicable rules of conduct.” A court filing, dated June 21, shows the...

EDX Markets, a crypto exchange exclusively for institutional investors, has launched with the backing of big financial players like Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp (NYSE: SCHW). This development has the potential to transform the cryptocurrency sector,...

The Federal Deposit Insurance Corporation (FDIC) has accused cryptocurrency exchange OKCoin of making false and misleading claims regarding its insured status. This week, the FDIC sent a cease-and-desist letter to OKCoin, demanding the immediate correction of the claims. Allegations...

Binance and Binance.US, along with the Securities and Exchange Commission (SEC), have come to a preliminary agreement to ensure that only employees of Binance.US can have access to customer funds in the near future. The tentative agreement is awaiting approval from the federal judge...

Bittrex's U.S. subsidiary will enable customer withdrawals this Thursday, per a directive by a Delaware bankruptcy court. The company's attempt to allow customers to regain access to their holdings was met with resistance from the U.S. government. The exchange still owes a substantial...

Cryptocurrency exchange OKX has executed a monumental move by burning more than $258 million worth of its native tokens, OKB, in a three-month period between March and May. This strategized action sent the OKB tokens on an upward trajectory, while the broader cryptocurrency market showed...

Utility claims cannot be used as a shield for crypto assets or exchanges to escape the purview of securities regulations. That's according to U.S. Securities and Exchange Commission (SEC) chief Gary Gensler who recently spoke at the Piper Sandler Global Exchange and FinTech Conference...

Coinbase CEO (NASDAQ: COIN) Brian Armstrong has asserted that the lawsuit filed against his company by the U.S. Securities and Exchange Commission (SEC) is vastly different from the one filed against rival cryptocurrency exchange Binance (CRYPTO: BNB). Speaking to CNBC,...

Cryptocurrency insurance firm Evertas has been granted authorization to provide coverage of up to $420 million per policy, a dramatic increase from its previous cap of $5 million. Arch Insurance International, a syndicate of the renowned Lloyd's of London, sanctioned Evertas to...

First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U....

The crypto sector, as it currently is, has been described as a “Wild West” filled with "fraudsters and thieves." To maintain control, European Parliament suggests crypto assets should be classified as securities by default. This recommendation also pushes for the provision of...

The Reserve Bank of India (RBI) has expressed its intent to broaden the global discourse on cryptocurrencies, aiming to go beyond just "financial stability and integrity" and delve into the "macro-financial and cross-sectoral implications and risks of crypto-assets." This...

The European Securities and Markets Authority (ESMA) is expressing concerns over the potential misrepresentation of risk in the crypto investment sector by EU-based firms offering digital assets alongside traditional financial instruments. According to the EU regulatory agency, these firms...