Given the recent SEC filing against Ripple Labs Inc, Kraken is halting XRP trading for U.S. users. The restriction is only for U.S. users and they have time until Jan 29, 2021, to liquidate any open XRP spot positions. According to the announcement released on Friday: After Jan 29, Kraken...
Miami’s mayor is considering diversifying the city’s treasury reserves into Bitcoin. In an interview with FOX Business on Thursday, Major Francis Suarez said, Bitcoin price started 2020 at $7,200 and ended the year at nearly $30,000, up 296%. The surge continued full-steam into 2021 reaching a record high of $41,987...
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). Current Chief Operating Officer – Blake Paulson, will take his place as an acting controller. Brooks took over as acting comptroller of the OCC in May 2020 and...
The public consultation for the digital euro has been concluded. The online survey which was launched on 12 Oct 2020 and concluded on 13 Jan 2020 was responded by more than 8000 citizens, firms, and industry associations. The data from the survey shows that privacy of payments ranked highest among...
Visa-backed Anchorage announced on Wednesday that it has become the first-ever cryptocurrency firm to receive a federal charter from the Office of the Comptroller of the Currency. In a statement, the OCC said it has decided to approve after a “rigorous” review process. As part of the agreement, Anchorage will...
Bakkt, a crypto trading platform is going public at a roughly $2.1 billion enterprise value by merging with a blank-check company called VPC Impact Acquisition Holdings. The deal was guided by Shearman & Sterling LLP and White & Case LLP. Since its founding nearly three years ago, Bakkt has been...
UK financial services regulator – FCA has gotten tougher on crypto recently – banning the sale of crypto derivatives to retail investors and warns firms operating in the UK without registration are committing a criminal offense. Now FCA on Monday warns consumers of the risks of the investment in crypto...
The U.S. Commodity Futures Trading Commission asked a Manhattan federal judge to enter a final judgment against a purported cryptocurrency trader Michael Ackerman and his two companies Q3 Holdings LLC and Q3 I LP in connection with wire fraud and misappropriation of customers funds. Together, restitution and the fine would...
BitGo, a U.S. based crypto firm that offers both custodial and non-custodial digital wallet management services has agreed with OFAC to remit $98,830 towards the settlement of a violation of the sanctions compliance program. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) found that between 2015 and 2019,...
Asset manager VanEck has filed for a new Bitcoin exchange-traded fund (ETF). After Bitwise’s ETF rejection by the SEC last year, VanEck withdrew its application and now has filed for a new fund, called the VanEck Bitcoin Trust. It is essential for Bitcoin ETF’s approval to have a representative price...
