Webull ended crypto offerings due to SEC opposition during past IPO attempts
Online brokerage Webull decided to cut its crypto offerings because of the unfavorable regulatory landscape in the US as it waits for approval to list on Nasdaq via a special purpose acquisition company (SPAC), Bloomberg News reported on Feb. 28. The company said that its previous attempt to carry out an initial public offering (IPO) […]
Coinbase crashes due to technical issues after Bitcoin touches $63K
Coinbase is experiencing technical issues that have degraded site performance and caused many users to see a zero balance on their accounts. The exchange’s website and app are both down as of press time. Coinbase is also struggling with delayed Ethereum and ERC-20 transactions. Its status website indicates the exchange is aware of the issues […]
Singapore grants HashKey OTC in-principle approval for major payment institution license
HashKey, the operator of one of Hong Kong’s licensed crypto exchanges, secured an in-principle approval from Singapore’s leading financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license via its over-the-counter trading arm, Hashkey OTC, according to a Feb. 28 statement shared with CryptoSlate. The MPI license empowers HashKey OTC […]
Bitcoin’s surge to $57K did not result in liquidation storm, defying expected trend
Bitcoin crossed the $57,000 mark on Feb. 27, reaching its highest level since November 2022. This surge, driving the price from $54,000 to $57,300 within 24 hours, led many to see it as the beginning of a bull rally, especially significant in a Bitcoin halving year. Despite the blistering gains, the expected wave of liquidations […]
Chamber of Digital Commerce files amicus brief supporting Kraken in SEC lawsuit
The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings. The Chamber explained that the purpose of the amicus brief is to end the SEC’s attempted regulation of the digital asset industry through enforcement without legislative authority. The […]
Do Kwon unlikely to be extradited before start of SEC trial
Do Kwon’s lawyers told a US court on Feb. 26 that the Terraform Labs co-founder will be unable to attend the initial hearings of the SEC trial. The lawyers did not request an adjournment and said the trial could begin as scheduled on March 25 without Kwon’s presence, according to court filings. Unforeseen complications Kwon’s […]
Bankrupt FTX and Alameda move over $8 million in assets amid market surge
Crypto wallets associated with the now-defunct FTX exchange and its counterpart, Alameda Research, have moved over $8 million in digital assets in the past 24 hours amidst a surge in the broader crypto market. According to blockchain analytics firm SpotOnChain, these entities transferred 2,000 units of Ethereum, valued at around $6.36 million, to Coinbase and […]