Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
DCG a leading digital-asset conglomerate, has announced the closure of its TradeBlock subsidiary citing the challenging regulatory environment."/>
Circle, the publisher of dollar coins (USDC), denied rumors that he had received a "Booz notice" because he was pegged to the dollar's stable currency.
On Feb. 14, Ford Fox Business Services journalist Eleanor Trette posted a deleted tweet saying that Circle had been ordered by the Foreign Securities and Exchange Commission to stop the sale of USDC because it was an unregistered security.
But Dante Dippat, Circle Pay's chief strategy officer and head of current policy around the world, quickly refuted the rumor. After 15 minutes of tweeting, Dipat replied on Twitter that none of its companies had been notified by Wells Fargo.
The Wells Fargo notice is an announcement from SEC informing the consignees that the agency plans to take enforcement action against them.
In response to Circle's negative, Trette said she "complied with several of the latest news sources" and apologized for her problems.
Dante accepted her apology and added:
"well, now most of the ups and downs, eddies and rumors are in the sales market."
Tret's original tweet has been deleted. His Twitter account was temporarily deleted, but then came back.
Anxiety about regulators' actions by stablecoin issuers has been rising this week, previously Binance issuers. (BU.S.) Paxos Trust Company, the issuer, confirmed that it had received notification from Wells that it could not apply to register the offering under federal securities laws.
Earlier this week, when asked if Circle had received a similar notification from SEC about USDC, Disparte told Cointelegraph:
Circle insists that USDC is a regulated US dollar digital currency that is sold as stored value for members under the US currency transfer Act.
He added: "the facts and conditions in all kinds of strict regulatory practices are different, and the structure and control of each digital currency in circulation around the world are not the same."
DCG a leading digital-asset conglomerate, has announced the closure of its TradeBlock subsidiary citing the challenging regulatory environment."/>
After launching a blockchain, DEX & a stablecoin, crypto giant Binance is now gearing up to launch another product for the growing Web3 space.
According to a new report, Silbert's DCG, which runs the crypto broking agency Genesis, allegedly owes its creditors more than $3 billion.
The U.S. Department of Justice (DoJ) has just announced that they have seized the site of a Russian crypto exchange named Bitzlato.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.