Rumors
SEC writes crypto exchanges over insider trading
In a May interview, SEC chairman, Gary Gensler, had said that some crypto exchanges were providing services that could be against their customer’s interest.
Oluwapelumi Adejumo 2 min read
US News
SEC and CFTC actions, state policy, ETFs, startups, and nationwide crypto market trends.
Coverage footprint 25.2%
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Investments
The case for Bitcoin as a part of retirement savings
Fidelity Investments is bringing Bitcoin to U.S retirement plans. But the jury's out on whether this makes sense, especially in the aftermath of the recent sell-off.
Lending
BlockFi fined $943,000 for not registering securities in Iowa; to pay $100M in settlement
A multi-state investigation in the U.S. found that BlockFi has sold unregistered securities and misrepresented facts about its loan risks.
Latest US Crypto News & Analysis
Exchanges
Coinbase to layoff 1,100 employees after petition against executives
Workers reportedly started an online petition calling for the sacking of senior execs at the biggest U.S crypto exchange. Days later, Armstrong announces a cull in staff numbers.
Legal
NYC Mayor plans to ask Governor Hochul to veto crypto mining bill
Passing the crypto mining bill into law will cause New York residents significant economic damage, according to Mayor Adams.
Regulation
Terra investors file a class action lawsuit against Binance.US
The lawsuit states that Binance U.S. failed to comply with federal and securities laws by advertising UST as a safe, fiat-backed stablecoin.
Partnerships
Resorts World Las Vegas, Theta Labs partner on composite NFTs offering luxury experiences
Resorts World Las Vegas and Theta Labs' partnership will see them release two packages of composite NFTs that will offer luxury experiences.
Payments
Bitcoin of America increases ATMs across the U.S. by more than 30%
Bitcoin of America has increased its ATM count to more than 2,500 and added two new coins to the network.
People
US Treasury Secretary Yellen advises against Bitcoin for retirement savings
Volatility and lack of fundamentals are cited as reasons why Bitcoin makes a terrible retirement savings vehicle. However, as the best performing asset of the last ten years, can it be ignored entirely?
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People
Jay-Z, Jack Dorsey launch Bitcoin education classes for Marcy Houses residents
Legal
Terra’s Do Kwon claims SEC investigation reports, other allegations are ‘misinformation’
Regulation
Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets
Adoption
