The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.
On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund….
Exodus’ donation to the political action committee is to “help support their mission of educating and mobilizing crypto voters around the country.” Source link
In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification on which crypto assets are securities. Source link
Kamala Harris has spoken publicly about crypto for the first time, pledging support for the industry while stressing consumer protections. Source link
The court order demands approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme. Source link
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank. Source link
The crypto exchange BingX reportedly lost over $26 million in various digital assets early Thursday morning. This incident adds to a troubling week for crypto platforms as multiple hacks continue to expose vulnerabilities…
Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers. Source link
According to Colin Butler, financial institutions that don’t embrace blockchain technology will lose their relevancy and competitive edge. Source link
California governor Gavin Newsom signed three bills aimed at battling deepfake election content while on stage at a conference in San Francisco. Source link