Stablecoins
Kraken introduces support for PayPal’s stablecoin, PYUSD
The company will begin trading on Aug. 21 and has already opened deposits.
Mike Dalton 2 min read
North America Crypto News
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Trading
Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain?
SEC set to approve first-ever ETFs based on Ethereum futures, signaling a new era for cryptocurrency integration into mainstream finance.
Bankruptcy
Federal Reserve shuts down Farmington Bank over unapproved stablecoin project
The bank worked with Fluent Finance on its US+ stablecoin in 2022 but did not seek Fed approval before beginning the project.
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Legal
SEC permitted to move for interlocutory appeal against Ripple
The SEC will need to file its motion for appeal by Aug. 18, while Ripple will need to file its opposition papers by Sept. 1. The SEC will need to file any reply by Sept. 8.
Stablecoins
Tether stops minting USDT on three blockchains, including Bitcoin’s Omni Layer
The Bitcoin version of USDT will soon be available on a new network called RGB.
Regulation
Coinbase to suspend trading for USDT, DAI, and RAI for Canadian customers
While the exchange recently emphasized renewed focus on the Canadian market, those plans will not include a few flagship stablecoins.
Adoption
Grayscale hiring for its ETF team as markets await SEC decision
Recent reports indicate that a pivotal decision regarding Grayscale's case with the SEC could be announced imminently.
Investments
BitGo vaults ahead in crypto custody space, valued at $1.75B following fresh funding rounds
Amid tough market conditions, Bitgo's regulatory focus attracts $100M in funding
Legal
Former SEC official comments on Binance.US’ request for protection
Former Chief of Internet Enforcement at the SEC, John Reed Stark, has commented that the issue will likely be resolved through a compromise.
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Legal
Ripple files opposition to SEC’s expected appeal
Regulation
CFTC Chair Rostin Behnam weighs in on crypto regulations
Exchanges
Bittrex bypasses US clients amid regulatory haze, CEO highlights global scope
Regulation
