Prime Trust Unit Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner.
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is...
BitGo’s Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of...
Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody
Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets.
SEC Clampdown Spurs $4B Deposit Flight From Binance, Coinbase and Binance.US
The exchanges, targeted by the SEC for violating federal securities laws, have suffered a significant wave of user withdrawals...
Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says
Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to...
Jobs Data Offers Faint Hope for Digital Assets Even as Investors Fret Over Binance, Coinbase Suits
Initial jobless claims reached their highest levels since October 2021, ahead of next week’s rate decision
Providing Regulatory Clarity (Binance and Coinbase Edition)
The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks...
Jack Dorsey-backed Nostr Creator Collaborates With Employer Zebedee on New Social Media Layer
Zebedee users will be able to join a waitlist for alpha access to an updated version of the app,...
Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
DeFi Unfazed by SEC’s Classification of Tokens as Securities
These forces will likely only drive “more financial activity to DeFi,” one trader said.
UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new...
BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble
Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.
Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment
Investors remain bullish about crypto in derivatives markets, as the CoinDesk Indices Ether Trend Indicator signals “significant uptrend”
Robinhood Joins Coinbase in Saying It Tried to ‘Come In and Register’ Like SEC Wanted
The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC...
Bitcoin (Somewhat) Takes Binance Accusations in Stride
As the U.S. government’s fight against crypto intensifies, there is some evidence the industry is weathering it better than...