In response to concerns raised by a bank that specializes in digital assets over the long-term viability of the Silvergate Exchange Network (SEN), Silvergate Capital has decided to shut down the Platform. One of the bank’s most popular services is SEN, a platform for making crypto payments. The program allowed investors and cryptocurrency exchanges to … Read more
It is anticipated that the ongoing legal conflict between the United States SEC and Ripple will ultimately come to a conclusion in the year 2023. The investigation into the case started in December 2020, and it concerned the payment procedure as well as two of its executives named, Christian Larsen and Bradley Garlinghouse. According to … Read more
After delaying its file with the US Securities and Exchange Commission for an extended period, cryptocurrency-focused bank Silvergate Capital (NYSE: SI) has come under intense scrutiny and pressure. Because of the failure of FTX, the bank’s health has worsened more quickly, and there are rumors circulating about the possibility of the bank going bankrupt. MicroStrategy, … Read more
Following the failure of Terra Luna UST and FTX in 2022, there has been a growing chorus of voices in the United States advocating for regulating crypto asset markets. Already, authorities in the United States are investigating the FTX and Alameda case, and key personnel, including former Chief executive Sam Bankman-Fried (SBF) and ex-FTX head … Read more
The company Robinhood Markets Inc has stated that its Robinhood Wallet is now available worldwide to all iOS users worldwide through the Apple App store. After the beta introduction in September, the app has been subjected to many enhancements, as stated (1) by the General Manager of Robinhood Crypto, Johann Kerbrat. #RobinhoodWallet is now available … Read more
The cryptocurrency exchange known as Binance has responded to a report published by Forbes that asserts it secretly moved $1.8 billion in customer collateral. As AcyptoAnnals reported earlier, the leading cryptocurrency exchange reportedly shifted the assets that backed stablecoins without telling its consumers of the move. According to the report published by Forbes, Binance shifted … Read more
Yuzo Kano, one of the co-founders of the bitcoin exchange bitFlyer based in Japan, intends to reassess his position as CEO during a stakeholder meeting that will take place the following month. Kano intends to revive the cryptocurrency company and accelerate its expansion in the direction of an initial public offering (IPO) within the next … Read more
Another cryptocurrency company in India is now the target of an investigation by India’s financial crimes unit. According to recent reports, India’s Enforcement Directorate (ED) has leveled allegations of illegal forex activity against one of India’s top cryptocurrency exchanges, CoinSwitch Kuber. Additionally, on Thursday, the agency conducted investigations at five other CoinSwitch locations. Reuters was … Read more
Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more
The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more