Circle boss Jeremy Allaire maintains that “payment stablecoins” are payment systems, not securities. The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire. In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its […]
Massachusetts man charged after mining crypto in school crawl space
A Massachusetts man faces charges after mining cryptocurrency in a school crawl space, according to a report from the Washington Post on Feb. 23. That report says that Nadeam Nahas, a Cohasset, MA, municipal employee, was set to be arraigned today for fraudulent electricity use and vandalism. He did not arrive in court, and the […]
Coinbase new blockchain seen as ‘massive confidence vote’ for Ethereum
One Ethereum bull hopes the launch will help onboard a host of other crypto companies and financial institutions onto Ethereum. The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Secured […]
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy […]
ARK’s Cathie Wood Is on a Buying Spree, Hoards $13 Million Worth Coin Shared Amid SEC Scare
The post ARK’s Cathie Wood Is on a Buying Spree, Hoards $13 Million Worth Coin Shared Amid SEC Scare appeared first on Coinpedia Fintech News After Coinbase Global Inc. COIN’s positive quarterly results, it was reported by Coindesk that Cathie Wood-headed ARK Investment Management bought 213,519 shares for an estimated $13 million. Interestingly, as cryptocurrencies […]
South Korean Regulators Express Concerns Over Binance’s GOPAX Acquisition
The post South Korean Regulators Express Concerns Over Binance’s GOPAX Acquisition appeared first on Coinpedia Fintech News The world’s largest cryptocurrency exchange Binance, entered the South Korean market on February 13 for the first time in two years after it purchased the bulk of GOPAX, the fifth-largest cryptocurrency exchange there. However, according to the latest […]
SEC Crackdown on Staking Services Won’t Stop Ethereum Investors – Here’s How to Stake Now!
The post SEC Crackdown on Staking Services Won’t Stop Ethereum Investors – Here’s How to Stake Now! appeared first on Coinpedia Fintech News The Merge, executed by Ethereum last year, was widely recognized as one of the pinnacle accomplishments of the cryptocurrency sector. Ethereum had a proof-of-stake blockchain conversion as part of The Merge, changing […]
Block’s Q4 Bitcoin revenue down 7% on crypto price decline
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines. Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last […]
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from issuing a CBDC directly to anyone.” CBDC Anti-Surveillance State Act Introduced U.S. Congressman Tom Emmer (R-MN) announced […]
Caitlin Long’s Custodia Bank receives second rejection from Federal Reserve
The U.S. Federal Reserve announced on Feb. 23 that it had denied a request through which Custodia Bank sought supervision from the government agency. Custodia asked the Federal Reserve to reconsider a similar rejection from last month. At that time, the bank sought to become a member of the Federal Reserve system. The Federal Reserve […]