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U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto legislation, sent a letter to several banking agencies on Thursday asking how they’re dealing with a controversial bulletin from the Securities and Exchange Commission that advised financial institutions
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The Safe (Core) development stack incorporates digital solutions from Stripe and Gelato to enhance developer experience. Swiss-based self-custody infrastructure provider Safe partnered with Gelato and Stripe to launch the open-source software stack Core. According to reports, Safe (formerly known as Gnosis Safe) released the new development stack for simplified Smart Contract development on Ethereum. In a blog post,
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The release of Safe{Core} will allow developers to build web3 apps with Account Abstraction in a web2-level user experience, Safe said. As part of the release of Safe{Core}, Safe is teaming up with payment processing giant Stripe, and web3 infrastructure firms Gelato and Web3Auth, to help enhance “fiat on-ramping,” “transactions
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Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws.On Feb. 18, plaintiffs Alec and Artin Ohanian filed a complaint in the U.S. District Court for the central district of California.In it they alleged that Stablegains, a
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Paxos "violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform," a spokesman with the regulator told Reuters, saying the token wasn’t being administered in a “safe and sound” manner. Source
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Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users.On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected users created
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Place/Date: - January 17th, 2023 at 5:13 am UTC · 4 min read Source: Snowfall Protocol The world of cryptocurrency is constantly evolving, with new projects and alliances emerging on a regular basis. In recent news, the Polkadot (DOT) Alliance was formed
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Place/Date: - January 14th, 2023 at 10:36 am UTC · 3 min read Source: HedgeUp The most exciting thing about cryptocurrency investments is that they skyrocket in value when they explode. In 2021, we saw Solana increase in value by more than
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The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings. The decision was reportedly made by Judge John Dorsey in the Delaware-based bankruptcy court on Jan. 11 in response to a 168-page filing
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United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement
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