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Article by Steven Stradbrooke

Paxos ordered to cut ties with Binance, will stop minting BUSD stablecoin
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14 February, 2023

Paxos ordered to cut ties with Binance, will stop minting BUSD stablecoin

Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while...
Tether claims $700M ‘profit’ in Q4, won’t say how
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13 February, 2023

Tether claims $700M ‘profit’ in Q4, won’t say how

Tether CTO Paolo Ardoino gave an interview in which he celebrated Tether's ability to redeem $7 billion—10% of its alleged...
Kraken fined $30M by SEC, agrees to halt US customer staking programs
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10 February, 2023

Kraken fined $30M by SEC, agrees to halt US customer staking programs

The U.S. securities regulator announced that two Kraken entities had agreed to "cease offering or selling securities through crypto asset...
SEC probes Kraken for unregistered securities, threatens Coinbase staking
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9 February, 2023

SEC probes Kraken for unregistered securities, threatens Coinbase staking

The U.S. Securities and Exchange Commission appears to have the Coinbase and Kraken digital asset exchanges squarely in its sights...
Former Coinbase staffer pleads guilty to insider trading
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8 February, 2023

Former Coinbase staffer pleads guilty to insider trading

Ex-Coinbase staffer Ishan Wahi pleaded guilty to two counts of conspiracy to commit wire fraud. He, together with his brother...
Digital Currency Group’s Genesis bankrupt lending platform seals creditor deal
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7 February, 2023

Digital Currency Group’s Genesis bankrupt lending platform seals creditor deal

Winklevoss twins announced that Gemini had "reached an agreement in principle" with Genesis Global Capital, DCG, "and other creditors on...
Binance ‘unbanks’ itself, crypto customers surprisingly unimpressed
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7 February, 2023

Binance ‘unbanks’ itself, crypto customers surprisingly unimpressed

Binance will ‘temporarily’ halt U.S. dollar bank transfers on February 8, in the latest sign that all is not well...
Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary
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6 February, 2023

Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary

The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and...
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
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2 February, 2023

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page...
Oblivious Sam Bankman-Fried seeks access to FTX assets, execs
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1 February, 2023

Oblivious Sam Bankman-Fried seeks access to FTX assets, execs

Prosecutors claim Sam Bankman-Fried's message to Ryne Miller and former FTX staff is "suggestive of an effort to influence" potential...
Crypto.com scrambles to calm customers after Lithuania banking crackdown
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31 January, 2023

Crypto.com scrambles to calm customers after Lithuania banking crackdown

Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily...
Coinbase fined millions for Dutch delay, CEO Armstrong losing faith in ETH?
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27 January, 2023

Coinbase fined millions for Dutch delay, CEO Armstrong losing faith in ETH?

Coinbase has until March 2 to object to the fine, but the company has already said it believes the fine...

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