tl;dr
1. Binance CEO Slams SEC for Chat Leak, Urges Employees to Stay Strong. Binance CEO, Changpeng Zhao, strongly condemns the Securities and Exchange Commission (SEC) for releasing private chat logs of Binance employees. Zhao calls it a violation of privacy and an attempt to intimidate the company. Bin...
1. Binance CEO Slams SEC for Chat Leak, Urges Employees to Stay Strong. Binance CEO, Changpeng Zhao, strongly condemns the Securities and Exchange Commission (SEC) for releasing private chat logs of Binance employees. Zhao calls it a violation of privacy and an attempt to intimidate the company. Binance US temporarily suspends USD deposits and works with banking partners to pause fiat withdrawals, dealing a significant blow to its operations in the US.
2. House Republicans Draft New Stablecoin Bill as Bipartisan Compromise. In a bipartisan effort, House Republicans draft a new stablecoin bill, aiming to establish a regulatory framework for stablecoins. The move reflects growing support across party lines for regulating these digital assets.
3. Paradigm Challenges SEC's Crypto Regulations, Files Lawsuit. Cryptocurrency investment firm, Paradigm, files a lawsuit challenging the SEC's cryptocurrency regulations, arguing that they stifle innovation. The lawsuit adds to a series of legal challenges against the SEC's regulatory approach in the crypto industry.
4. Animoca Brands Prepares for Global Pursuit Despite SEC Setback. Animoca Brands, a Hong Kong-based gaming company, gears up for a global expansion following its recent encounter with the SEC. The company, known for its blockchain gaming investments, plans to bolster its legal team and push back against the SEC's cryptocurrency regulations.
5. US Senator Elizabeth Warren Accuses Binance of Lying to Congress. Senator Elizabeth Warren accuses Binance, a prominent cryptocurrency exchange, of misleading Congress with false information about its business practices. Warren calls for an investigation into Binance's conduct.
6. Shiba Inu Unveils Trailer for Rocket Pond Metaverse, Takes on Dogecoin. Shiba Inu, a popular memecoin, releases an exciting trailer for its anticipated Rocket Pond metaverse. The metaverse will offer various games, including racing, fishing, and battle royale. Additionally, Shiba Inu plans to launch its own cryptocurrency exchange within the metaverse.
7. Kraken's NFT Marketplace Exits Beta with 250 Collections, Boosting NFT Popularity. Kraken, a major cryptocurrency exchange, officially launches its NFT marketplace after the beta phase, featuring 250 collections. This move demonstrates the increasing interest in NFTs and further solidifies Kraken's position in the cryptocurrency market.
8. Bitgo Acquires 100% Equity in Prime Trust Parent, Expanding Custody Services. Digital asset custody company Bitgo announces the acquisition of 100% equity in Prime Trust, a fintech company, valued at $500 million. This strategic move allows Bitgo to expand its custody services and provide customers with a broader range of financial products and services.
9. Australia's largest bank, Commonwealth Bank of Australia (CBA), announces a temporary cessation of specific payments to cryptocurrency exchanges due to concerns over associated risks. CBA joins a growing list of major banks imposing restrictions on customer access to cryptocurrency exchanges.