Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday.Source
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Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations
Crypto markets added 3.3% to overall capitalization in the past 24 hours as some opined the recent SEC filings could strengthen bitcoin’s value proposition among investors.Source
U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules
Congressmen Brad Sherman and Stephen Lynch called the crypto industry “a major source of tax evasion” in a letter asking for the prompt release of proposed regulations.Source
SEC’s Binance.US Probe Started in 2020, Court Filings Show
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as they seek to freeze assets of the company.Source
Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.Source
Cathie Wood’s ARK Buys $21.6M Coinbase Shares as SEC Suit Sends Stock Tumbling
The purchase took ARK Invest’s total Coinbase holdings to 11.44 million shares.Source
U.S. Court Tells SEC to Respond to Coinbase’s Rulemaking Petition Within a Week
A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.Source
First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets.Source
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
Wallets that siphoned Atomic users’ funds are connected to the known Lazarus group’s addresses, crypto tracing firm said.Source
SEC’s Latest Crackdown Could Drive Crypto Firms Out of the U.S.
Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.Source