Payward, the parent company of cryptocurrency exchange Kraken, has finalized its acquisition of Bitnomial, a move that strategically positions the company to offer regulated cryptocurrency derivatives within the United States. This acquisition grants Payward a comprehensive suite of derivatives licenses…
New York Attorney General Letitia James has finalized a $5 million settlement with cryptocurrency platform Uphold HQ Inc. The agreement resolves claims that Uphold improperly promoted CredEarn, a yield-generating product operated by a third party, Cred LLC. This marks the…
April 2024 marked a concerning milestone for the cryptocurrency sector, recording the highest number of security incidents with nearly 30 reported cases. The total financial losses surpassed $630 million, predominantly driven by two significant decentralized finance (DeFi) exploits: Drift Protocol…
Strategy, a prominent entity in the digital asset space, has announced a temporary halt to its regular Bitcoin acquisitions this week. This pause precedes the company’s scheduled release of its first-quarter financial results. The decision was communicated by Strategy Founder…
New York Attorney General Letitia James has reached a settlement with cryptocurrency platform Uphold, requiring the company to pay over $5 million to customers who incurred losses from the CredEarn product. The agreement, finalized on April 29, stems from Uphold’s…
A recent legal development involving frozen cryptocurrency assets on the Arbitrum network has introduced significant complexity to the planned distribution of funds recovered from a DeFi exploit. Lawyers representing victims of past North Korean terrorism-related judgments have served Arbitrum DAO…
onerror=”this.setAttribute('data-error', 1)” alt=”BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter” loading=”eager” data-nuxt-img sizes=”33vw” srcset=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2022/10/20221005_Blackrock2-1200×675.jpg 0w” image-component=”optimized-image” class=”absolute inset-0 h-full w-full object-cover” priority fetchpriority=”high” src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2022/10/20221005_Blackrock2-1200×675.jpg”> BlackRock has submitted a formal comment letter…
onerror=”this.setAttribute(‘data-error’, 1)” alt=”BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter” loading=”eager” data-nuxt-img sizes=”33vw” srcset=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2022/10/20221005_Blackrock2-1200×675.jpg 0w” image-component=”optimized-image” class=”absolute inset-0 h-full w-full object-cover” priority fetchpriority=”high” src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2022/10/20221005_Blackrock2-1200×675.jpg”> BlackRock has formally submitted a comment letter…
JPMorgan analysts have suggested that the rapid increase in stablecoin transaction volume may not translate into a proportional rise in their overall market capitalization. The core factor influencing this outlook is the concept of “velocity,” which refers to the frequency…
A recent investigation by Reuters has brought to light significant connections between Nobitex, a prominent cryptocurrency exchange in Iran, and a family deeply embedded within the country’s political elite. The founders of Nobitex have been identified as Ali and Mohammad…