Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions
The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service. Original Source
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Halts
Multichain halts operations following CEO arrest in China, lost access to servers
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as
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Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
Following the issuer's decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD).According to on-chain data, an Ethereum user utilized Aave's V2 lending platform by depositing 7.5 million
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US Supreme Court halts Coinbase cases in its first crypto ruling
The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases. Plaintiffs in the class-action lawsuits alleged Coinbase failed to provide proper relief after users lost money and that Coinbase allegedly
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Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.According to a June 15 tweet from
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eToro halts ALGO, MANA, MATIC and DASH purchases for US customers
Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to their labeling as securities in recent SEC lawsuits.The move comes just a few days after competitor Robinhood also halted support for MATIC and two other
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Nigeria regulator halts Binance operations: Report
It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission. "Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," Nigeria's
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Binance.US Halts USD Deposits, Blames SEC’s ‘Witch-hunt’ |
Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US. Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against
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Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuit
Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership. “After careful consideration, Binance.US will remove selected Advanced Trading pairs on June 8, 2023 at 9 a.m. PDT
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Multichain team cannot locate CEO, halts service for affected chains
Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues. “The team has done everything possible to maintain the protocol running, but we are currently unable to
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