Circle CEO Jeremy Allaire has attacked the United States Securities and Exchange Commission (SEC) over increasing clampdown on stablecoins, stressing that it is not the duty of the SEC to regulate stablecoin as per a post.
Author: qaasim
qaasim
Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.
In line with an erstwhile acquisition bid, Galaxy Digital has bought institutional crypto custody firm GK8 for $44 million with the primary objective of using the asset in offering a full-service financial platform for digital assets as per a post.
Stablecoin issuer Circle reportedly plans to recruit 135 to 225 staff despite the mass layoff of workers by numerous Web3 firms occasioned by bear market according to Feb. 22 Wall Street Journal’s report.
The New York Attorney General has sued crypto exchange CoinEx seeking court to ban the exchange from operating in New York, United States, and block all internet addresses as per Twitter posts.
Reddit co-founder Alexis Ohanian reportedly bought 50,000 Ethereum (ETH) at pre-sale price for $15,000 in 2014, which was an average of just 30 cents per coin according to Feb. 21 Forbes’ report.
Cryptocurrency exchange Coinbase revealed in its Q.4 report that it surpassed projected earnings for the last quarter despite a 57% year-on-year revenue drop as per a letter to its shareholders.
The largest digital asset by market capitalization Bitcoin (BTC) recorded six-month highs on Feb. 21 hitting $25,248 before facing outright rejection as pre-Wall street volatility returns as per data from CoinMarketCap.
Following the increasing clampdown by the United States Securities and Exchange Commission (SEC) on several crypto firms, institutional investors have hurriedly withdrawn more than $30 million as per CoinShares report.
Hong Kong’s Securities and Futures Commission (SFC) is making public consultation on crypto licensing rules to allow regulated cryptocurrency exchanges to enter the country and serve retail investors.
Despite shedding more than $100 billion due to the FTX collapse, Bitcoin (BTC) has again shown its strength for recovery as its overall market capitalization has surpassed payment processing giant Visa for the third time as per a report.