Banking
Banks Unlikely to Finance Cryptos Which JP’s Dimon Likens to “Ponzi Schemes”
CEOs of various Wall Street banks spent Wednesday testifying before Congress and discussing crypto along with other topics.
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Crypto
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Crypto
FinTech
Coinbase Facing a $350M Patent Lawsuit
Veritaseum Capital, a holder of multiple patents for conducting crypto-related transactions, is suing Coinbase for $350 million for infringing on one of those patents.
Policy
SEC Sues Ian Balina Over a $30M ICO
A crypto-influencer and Youtuber, Ian Balina, faces charges from the SEC over a $30 million token offering from Sparkster conducted in 2018.
Crypto
Ethereum Under Threat From the SEC and Down Nearly 20% After the Merge
Despite flawlessly completing “the Merge,” ETH has had an overall bad week amidst a multitude of unfavorable news from across the market.
Crypto
Bitcoin Down 10% Following The Report on August’s CPI
Tuesday saw the biggest drop in BTC price since June.
Market Analysis
Fidelity Considers Offering BTC to its 34M Customers
Fidelity has been Bitcoin-friendly since 2014, and now it appears to be making moves to bring the cryptocurrency to its retail investors.
Crypto
Blockchain Association Launches a PAC to Support Pro-Crypto Candidates
The PAC will seek to donate to the most crypto-friendly candidates regardless of their political affiliations.
Crypto
MakerDao Proposes to Transfer 33% of its $1.6B PSM in USDC to Coinbase
MakerDAO governance proposal is meant to transfer $528M worth of USDC to earn Coinbase custody rewards.
Crypto
Miners Push For Ethereum Hard Fork as Sales of ETHW IOUs Continue
Miners who will be left with worthless ether mining rigs after the Merge are pushing for a hard fork of Ethereum that will mint a new…
Crypto
Binance Will Suspend ETH Deposits and Withdrawals Until the Merge is Complete
The company explained that this move is to secure tokens in case of a chain split.
Crypto
Binance to Auto-Convert Several Stablecoins to its Own BUSD
The conversion rate for affected stablecoins will be 1:1.
Crypto
Poolin Halts Withdrawals, Cites Liquidity Problems
The company says that its net worth is still positive and that the freeze is due to a recent increase in demands on withdrawals.
Crypto
Cardano’s Vasil Hard Fork Confirmed for September 22
While the upgrade has initially been scheduled for June, various technical difficulties forced it to be postponed.