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Crypto exchange Kraken has filed a motion to dismiss the SEC’s lawsuit alleging an unregistered exchange operation and mishandling of customer assets.

Kraken joins crypto exchanges battling SEC lawsuit, denies wrongdoing

In a blog post on Feb. 22, crypto exchange Kraken said it had filed a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it in a U.S....

6 months ago

More Users Interested in Cash App Cards

Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App

Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the fi...

6 months ago

Grayscale Privacy ETF to Allocate 10% to Privacy-Preserving Protocols

Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering

Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission on Tuesday. The Grayscale Privacy ETF seeks...

6 months ago

Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading currency on the Binance platform.

Binance faces scrutiny as presidential adviser calls for Nigerian ban

An adviser to Nigeria's president has called for a ban on Binance, KuCoin, and other trading platforms in the country. Bayo Onanuga — President Bola Tinubu adviser's...

6 months ago

DOJ Seeks Protective Order in Lawsuit Against CZ

US DOJ Requests New Order In Case Against Ex-Binance CEO Changpeng 'CZ' Zhao

In the latest update in the United States vs former Binance CEO Changpeng Zhao lawsuit, the U.S. Department of Justice (DOJ) attorneys requested the court for a new proposed order. The move come...

6 months ago

The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.”

Circle to cease minting USDC on Tron network effective immediately

Circle, the issuer of the United States dollar-pegged stablecoin USD Coin, says it will discontinue support for the token on the Tron blockchain, saying the decision aligns with “efforts t...

6 months ago

The price of ether briefly reached $3,000 earlier on Tuesday for the first time since April 2022.

Ether hits $3,000 for the first time since 2022 amid spot ETF speculation

Following the recent spot bitcoin ETFs launch, attention is turning toward the prospect of a spot ether ETF in the U.S. Ether's price reached $3,000 earlier on Tuesday for the firs...

6 months ago

Fairshake, a political action committee supported by Coinbase and a16z, has a $73 million war chest to oppose anti-crypto candidates and support those in favor of digital assets.

Winklevoss twins donate $4.9M to crypto super PAC Fairshake

Tyler and Cameron Winklevoss have donated $4.9 million to the crypto-focused Fairshake super political action committee (PAC) to support crypto-friendly candidates in the upcoming United States ...

6 months ago

Optimism Rewards NFT Artists

Optimism Gives $41 Million in OP Tokens to NFT Artists in Fourth Airdrop

Optimism has launched its fourth airdrop, allocating $41 million in OP tokens specifically prioritizing digital artists. According to a blog post by Optimism, over 22,998 addresse...

6 months ago

Digital Turkish Lira Enters Phase 2

Turkish Central Bank Releases First Phase of its CBDC Evaluation Report

The Central Bank of the Republic of Türkiye (CBRT) has completed the phase 1 of its digital Turkish lira. It is now planning to move on to advanced phases to carry out “more widesprea...

6 months ago