According to Coinbase, BitGo, and Anchorage, they adhere to SEC custody guidelines.
On February 15, Coinbase and other cryptocurrency custody providers argued that they would be able to function under the suggested revisions to custodial standards.
Reasons Behind Bitcoin 12% And Ethereum Price 10% Rally Today, More Upside Ahead?
Today, the prices of Bitcoin and Ethereum saw a significant increase, and experts are examining on-chain data to determine if there is further potential for growth.
Sam Bankman-Fried, Family, Former Executives Receive Subpoenas
FTX has issued subpoenas to Sam Bankman-Fried, the former CEO of FTX, as well as his family and previous executives of both FTX and Alameda, requesting them to provide documents this week.
Certain FTX assets, tokens, and equity shares are allowed to be sold by the court.
The court has approved FTX's sale of a few subsidiaries and financial holdings. The Block Research found that through subsidiary companies, FTX and Alameda made 473 investments worth a combined $5.3 billion.
$480,000 in CEL token sales from the previous CEO of Celsius's wallet
A wallet connected to former Celsius CEO Alex Mashinsky allegedly sold 90,000 Celsius tokens (CEL) for $480,000 on February 14, according to blockchain research company Peckshield.
Under pressure from regulators, issuer Paxos burns $700 million USD on Binance in 27 hours
Blockchain data reveals that Paxos, the company responsible for the $16 billion Binance USD (BUSD) stablecoin, has destroyed more than $700 million worth of BUSD tokens after announcing on Monday that it would cease releasing the cryptocurrency due to increasing legal pressure.
Another $61 million in ETH is moved by Solana's Wormhole Exploiter
$213 million was already moved out of the $320 million that the attacker stole from Wormhole last year. the attacker who, a year ago, used Solana's cross-chain connection Wormhole to shift an additional $61 million in ether (ETH) from the stolen funds.
US regulatory agencies start taking action against BUSD
According to numerous sources, US financial regulators are reportedly taking aggressive measures last week to force financial institutions to refuse bank accounts to cryptocurrency businesses, severing the link between the two industries. It has been reported today that they are aiming for BUSD, the most popular stablecoin in the cryptocurrency market.
VISA will introduce cryptocurrency and Bitcoin cards in the UK and 40 APAC nations
In order to increase its presence in the UK and the Asia-Pacific (APAC) region, leading cryptocurrency payment platform Wirex has established a long-term strategic agreement with payment behemoth Visa (NYSE: V).
Withdrawal effects from Binance Increase as Paxos-BUSD Drama Impacts the Exchange
Statistics from blockchain intelligence firm Nansen show that during the past day, net withdrawals totaling $831 million have occurred at Binance, the biggest cryptocurrency exchange in the world by trading activity. A regulatory crackdown on the Paxos-issued Binance USD (BUSD) stablecoin is apparently causing traders to sell a larger portion of their holdings on the market.
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