The U.S. Securities and Exchange Commission’s top lawyer, General Counsel Megan Barbero, will step away next week, joining the exodus of top agency officials who had been responsible for the SEC’s legal battles with the crypto industry in recent years. “Her measured advice and judgment have been critical to the decision making of the Commission,” … Read more
A fellow at crypto think tank Coin Center filed suit against U.S. Attorney General Merrick Garland on Thursday, seeking a judge’s guarantee that the Department of Justice (DOJ) will not be able to prosecute his forthcoming crypto project for violating money transmitting laws in the future. The lawsuit, filled by blockchain entrepreneur Michael Lewellen, claims … Read more
Born in 2001 in Argentina just as the country began to experience a devastating economic crisis, Amanu founder Gianluca Minoprio saw firsthand how traditional banking systems can fail their users. This experience shaped his mission to create a new type of crypto wallet, one that aims to bridge the gap between traditional finance and blockchain … Read more
On Wednesday, bitcoin (BTC) briefly exceeded $100,000 for the fourth time, with trader sentiment switching to greed from fear as the price ranges between $90,000 and the six-figure level. The largest cryptocurrency may take several attempts to push through $100,000, as previous CoinDesk research showed. Since touching an all-time high of around $108,000 on Dec. … Read more
Komainu, a crypto custody joint venture between Nomura, Ledger and Coinshares, has raised $75 million in a strategic investment from Blockstream Capital Partners, the company said in a press release on Thursday. The deal is novel in that it is funded with bitcoin (BTC). Komainu will establish its own BTC treasury to manage the crypto … Read more
Malaysia may introduce crypto and blockchain legislation to regulate the sector and keep pace with other jurisdictions, Prime Minister Datuk Seri Anwar Ibrahim said during a visit to Abu Dhabi. “I proposed several months ago how our agencies, including security, treasury and Bank Negara study how Malaysia can explore this so we aren’t left behind,” … Read more
Crypto exchange Upbit may face possible sanctions in South Korea for not complying with the country’s money laundering and know your customer (KYC) obligations, according to a report from local news site Maeil. Upbit which is one of South Korea’s largest exchanges was reportedly notified by the Financial Information Analysis Institute (FIU) under the Financial … Read more
A strategic bitcoin reserve has been a large part of the crypto discussion ahead of Donald Trump’s inauguration, but does the incoming 47th president have other tokens on his mind? Solana’s SOL, Ripple’s XRP and Hedera’s HBAR are among the altcoins outperforming on Thursday, in part thanks to a NYPost report that Trump was “receptive” … Read more
Coinbase (COIN) is adding bitcoin-backed loans to its U.S. product lineup, leaning on Morpho, the largest lending platform on its Base network, to drive eyeballs and wallets to its growing on-chain economy. The lending product isn’t completely new: those familiar with playing on Base have long been able to borrow USDC against their bitcoin on … Read more
With U.S. President-elect Donald Trump only four days away from inauguration and new leadership coming to the Securities and Exchange Commission (SEC), additional cryptocurrencies may soon join bitcoin (BTC) and ether (ETH) and receive their own spot exchange-traded funds (ETFs). Of these, litecoin (LTC) is likely to be the first to receive the nod, according … Read more