Stablecoin issuer Paxos said Monday that it received a Wells Notice from the U.S. Securities and Exchange Commission on Feb. 3, confirming a report by the Wall Street Journal on Sunday.
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It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.
RIT Capital Partners Plc, a £3.6 billion ($4.6 billion) UK investment trust, marked down the value of its investments in several high-profile crypto startups earlier this year.
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Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies.
Binance has suffered its worst day for customer withdrawals since December after US regulators cracked down on a digital coin endorsed by the cryptocurrency exchange.
“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said.
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What does a Bitcoin ETF mean for the evolution of Bitcoin markets? Find out with Dylan LeClair.
According to The Wall Street Journal, the notice relates to Binance USD, which the United States Securities and Exchange Commission is alleging is an unregistered security.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
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Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Mon,01 Apr 2024