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Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.The guidelines came from the United States Securities and Exchange Commission (SEC), which became effective in April last year. The guidelines ask financial companies holding crypto for
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Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing.According to numerous social media posts, as of Mar. 2, certain customers who held funds in Celsius’
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Customers who receive the loyalty tokens will be able to decide how they want them to be used, with several options available. Brazilian neobank Nubank has unveiled plans to roll out its token, Nucoin, to its Brazilian customers. The bank, which has over 70 million customers in Brazil alone, first
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A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers.A Feb. 28 court filing shows an overwhelming majority of Voyager Digital account holders are in favor of the buyout from the United States-based arm of
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A majority of the company's creditors also voted to opt their claims into a "wind-down entity," according to a breakdown of votes included in a declaration by Stretto director Leticia Sanchez. In that tabulation, 65% of Class 3 Ballots, referring to account holder claims, voted to opt-in, while 85% of
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The announcement meets a promise made in December by the ring-fenced exchange. Source
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The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries. Source
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Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase
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"I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Brian Armstrong tweeted Wednesday. Source
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