Legal
Adoption
Ledger partners with PayPal to provide crypto access for U.S. customers
The collaboration aims to provide users with a seamless, secure platform to access digital currencies.
Regulation
Republican members of Congress demand information on Prometheum approval from FINRA, SEC
Lawmakers are petitioning two major financial regulators for information concerning the relative upstart's ability to secure its registration status.
Investments
Institutional investors have switched gears on Salvadoran bonds
Names like J.P. Morgan, Eaton Vance, and PGIM are either investing in or recommending the nation's debt.
Adoption
Binance Connect to shut down effective Aug. 15
Binance's institutional crypto payments solution for business is calling it quits as its parent company's woes continue.
Exchanges
Sei token to launch Aug 15. on Bitfinex, Binance, and more
The Cosmos SDK-based blockchain will launch its native token on several exchanges tomorrow.
Crypto
CoinDesk to lay off 45% of editorial staff amid restructuring: Report
Digital Currency Group's legacy crypto publication is downsizing amid rumors of restructuring and new investors, according to reporting from The Block.
Exchanges
Coinbase’s Ethereum layer-2 chain Base is live to the public
Coinbase has hyped its new blockchain as a path to mass adoption.
Regulation
Federal Reserve creates ‘Novel Activities Supervision Program’ to oversee new financial technologies
The new regulatory board will oversee innovations in banking technologies, including crypto-assets and blockchain.
Regulation
Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonment
Hong Kong's Securities and Futures Commission is not mincing words about crypto compliance in the region.
Regulation
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”
The SEC chair called AI the "most transformative technology of this generation" and stressed the need to prepare for its influence on financial markets.
Crime
Ilya Lichtenstein admits to 2016 Bitfinex hack while entering guilty plea to money laundering charges
He and his wife, Heather Morgan, had been charged with money laundering in connection with the hack but were not known to be directly responsible for it until Lichtenstein's admission in court.
Legal
U.S. Department of Justice weighing Binance criminal charges against risk of market panic: Report
The DOJ is deliberating criminal charges against the exchange but officials worry over sparking panic in the markets.