Friday, February 23, 2024

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

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“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to...

Circle Intervenes in Binance’s SEC Case, Argues Stablecoins BUSD and USDC Aren’t Securities

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“Payment stablecoins, on their own, do not have the essential features of an investment contract,” meaning they fall outside of SEC jurisdiction, Circle’s filing said. “Decades of case law support the view that...

Ripple (XRP) Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says

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The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged...

Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services

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The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers. Source link

MakerDAO’s DAI Stablecoin Surpasses $5B on Higher Yield, Lifting DeFi Lender Spark Protocol

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The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballooned the protocol’s interest expense has dried up profit...

XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges

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In the past 24 hours, XRP trading made up 37% of all volume on Bithumb, 18% of volume on UpBit, and a staggering 50% of all volume on Korbit, data from CoinGecko and...

DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit

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In the event of unforeseen market conditions, Mango's security council can put the protocol into "post-only mode" to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote...

UK Minister Proposes Measures to Regulate Crypto Ads, Ban Unauthorized Providers

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"The amendments enable the Treasury and FCA to introduce a full regulatory regime for crypto, a hugely positive step," Nicholas Taylor, head of public policy at crypto exchange Luno, told CoinDesk in...

Court Orders Kraken to Turn Over History Transaction and Account Information to IRS

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According to Friday's order, Kraken must turn over information for users who transacted with more than $20,000 over the course of a calendar year for that year, including the user's name (and any...

Changpeng Zhao Won’t Rescue Binance by Selling out Crypto Self-Custody

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Centralized crypto exchanges reintroduce an element of trust that trustless protocols like Bitcoin and Ethereum remove from finance. Users take on the risks, even if rare, of hacks, frozen withdrawals and other business...

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