Singapore’s DBS Group will offer custodial services for Paxos as the stablecoin issuer secures full approval from the Monetary Authority of Singapore. This partnership expands DBS’s digital asset ecosystem, emphasizing trust and security in stablecoin adoption. #CryptoNews
SEC sues Silvergate Bank for alleged securities fraud, non-compliance with anti-money laundering rules, and failure to disclose critical deficiencies. Silvergate agrees to $63M settlement; former CEO Alan Lane and ex-COO Kathleen Fraher face fines and bans. #CryptoRegulation
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($BTC) and Ethereum ($ETH) ETF. This ETF aims to offer institutional investors exposure to both cryptocurrencies, managed by Hashdex and administered by Tidal ETF Services. Decision expected by March 2025. #CryptoNews
? PayPal-backed Mesh partners with Italy’s Conio to enable 430K Italians to access 10 crypto exchanges like Coinbase and Binance. This move aims to educate investors on secure crypto storage. #CryptoNews
Savl’s COO James Toledano discusses how robust KYC protocols significantly reduce money laundering in crypto. Savl’s advanced KYC tech has cut fraud rates and increased security, promoting trust in $BTC, $ETH, and other cryptocurrencies. #Update #CryptoSecurity
The EU’s MiCA regulation will reshape crypto markets starting June 30, 2024, with full implementation by December 30. Countries like France and Ireland are competing to be crypto hubs. Challenges include regulatory complexity and tech investments. #CryptoRegulation
Vitalik Buterin criticizes U.S. crypto regulation as “anarcho-tyranny,” claiming it stifles growth by burdening transparent projects while vague ones thrive. Calls for balanced rules. #Crypto #Regulation
The SEC has sued @Consensys over MetaMask, while MiCA regulations launched in the EU. VanEck filed for the first-ever Solana ETF in the U.S., boosting $SOL by 8%. Deepfake scams rose 245% in 2024, causing $79.1B in losses. #CryptoNews
The @SECGov has returned S-1 forms to Ethereum-ETF issuers for revisions, delaying the potential launch until after July 8, 2024. This rigorous review aims to meet regulatory standards, potentially boosting institutional investment and mainstream adoption of $ETH. #CryptoNews
Ripple CTO David Schwartz supports @Consensys amid SEC lawsuit over unregistered securities sales through MetaMask. Schwartz argues MetaMask profits are independent of Consensys efforts, challenging SEC claims. Judge Amy Berman Jackson’s rulings impact ongoing cases. #CryptoNews
U.S. court upholds most SEC claims against Binance but dismisses charges on secondary $BNB sales and Simple Earn. Ex-CEO Changpeng Zhao serves a 4-month sentence for money laundering. Next hearing: July 9, 2024. #CryptoRegulation #Update
Ripple Labs faces a lawsuit over CEO Brad Garlinghouse’s seven-year-old comment on being “very, very long XRP.” The case, unfolding in California, adds to Ripple’s ongoing legal woes despite a New York ruling favoring XRP. #Update #CryptoNews
Ripple Labs faces regulatory challenges in the U.S., with ongoing disputes with the SEC, contrasting positive European developments. CEO Brad Garlinghouse criticizes U.S. crypto laws for stifling innovation, while welcoming the EU’s MiCA for its clarity. #CryptoNews
The SEC has sued @Consensys, claiming its MetaMask platform operates as an unregistered securities broker. The lawsuit alleges MetaMask facilitated over 36M crypto transactions, earning $250M in fees. Consensys argues the SEC is overreaching. #CryptoNews
