Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities. According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced […]
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Deutsche Bank’s asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter. Per a Bloomberg report on Feb. 8, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in Deutsche Digital Assets, a crypto exchange-traded products provider. It’s also in talks with Tradias, a market maker firm […]
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Alex McCurry, the CEO of Solidity.io — a blockchain-based platform for smart contract audit and token development — has taken a potshot at Dogecoin, Shiba Inu, and other meme-inspired cryptocurrencies. According to McCurry, these canine-themed cryptos are all “garbage”. His comment was in response to a tweet that observed that Dogecoin (DOGE), Shiba Inu (SHIB), Baby Doge, Floki Inu, and […]
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The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 users, and 5,000 merchants since the Reserve Bank of India (RBI) launched the digital rupee pilot last year, local news agency The Economic Times reported on Feb. 8. […]
Read moreThe global cryptocurrency community has been eagerly awaiting the public disclosure of individuals, aside from SBF’s parents, who helped secure his $250 million bail bond. However, former FTX CEO SBF has filed an appeal with the United States Court of Appeals for the Second Circuit against the ruling made by U.S. District Judge Lewis Kaplan. This has caused the media […]
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Major cryptocurrency data aggregator CoinGecko and crypto investment firm 21Shares have joined forces to launch a global standard for classifying various types of cryptocurrencies. On Feb. 8, CoinGecko and 21Shares released The Global Crypto Classification Standard report, proposing a uniform method to categorize crypto assets. The effort aims to help investors and regulators better understand the specifics of each asset […]
Read moreThe legal status of cryptocurrencies continues to be a hot topic in the financial world, with two major cases taking center stage. Here’s what’s happening. Defense attorney James K. Filan has shared that in the ongoing LBRY case, the court has issued an order to set a date for further discovery on remedies. The Securities and Exchange Commission (SEC) has […]
Read moreIn spite of a stellar start to the year, Bitcoin has been on a downward spiral since the beginning of the second week of February, which a speech by Federal Reserve Chair Jerome Powell hastened. Many analysts have forecasted that Bitcoin’s price will tumble back to $20,000 again. But as of this writing, the king currency has done a U-turn […]
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