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The Latest Breaking News from Crypto

NEW YORK: The American branch of Binance, the giant cryptocurrency exchange, said late Thursday that it would no longer allow customers to trade on its platform using United States dollars, after its banking partners cut the firm off in response to a crackdown by federal regulators.

Bangkok Post

Binance.US prepares to suspend US dollar deposits and withdrawals from exchange

Company tells customers to withdraw their US dollars days after US regulators sued the company and its founder

The Guardian - UK

Binance Exec Hits Back At Jim Cramer’s On-Air FTX Comparison: ‘I Hope You Have Some Evidence’

CNBC "Mad Money" host Jim Cramer, came under fire for his criticisms of cryptocurrency exchange platforms Binance and Coinbase

Zenger

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Gensler rejects idea that Coinbase and Robinhood couldn't comply with SEC: 'They know how to register'

The SEC chair has often asked publicly for crypto companies to come in and register. They said they've tried and been rejected.

Fortune

Gary Gensler's SEC Cracks Down on Coinbase and Binance

The SEC is suing Coinbase, alleging that it's an unregistered securities broker, after targeting Binance the day before.

Reason

Google Cloud says it will reimburse customers up to $1 million if they’re victims of a crypto-mining scam

The new policy joins the cloud provider’s existing financial protections for victims of DDoS attacks.

Fortune

Government 'as committed as ever to pension dashboards' despite latest delay

New legislative deadline of October 2026 imposed to give more time for the 'complex build'

Insider UK

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Circle hires former CFTC Chair Heath Tarbert as top lawyer

Tarbert's experience and Washington connections may help Circle navigate hostile regulatory waters.

Fortune

Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing – business live

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

The Guardian - UK

Crypto ads will need to carry risk warnings under new UK rules

From October, firms will also have to offer new buyers a ‘cooling off’ period before they invest

The Guardian - UK

Crackdown on firms marketing cryptoassets to be introduced by City regulator

Crypto firms will also have to place appropriate risk warnings in marketing, and a cooling-off period will be introduced under the plans.

The Independent UK

EXCLUSIVE: Bitfinex And Tether CTO Advocates For Crypto Focus On Emerging Markets Over US, Europe

Bitfinex and Tether CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets

Zenger

Shiba Inu Slides In Tandem With Dogecoin Following 1-Day Crypto Rally: The Bull, Bear Case

Shina Inu was sliding about 3.5% lower during Wednesday’s 24-hour trading session, in tandem with Dogecoin

Zenger

Former NFL minority owner jailed after defrauding pro league in $700 cryptocurrency scam

A million dollar cryptocurrency scam of a now-defunct pro football league has resulted in a prison sentence for a former owner of the NFL's Minnesota Vikings

Daily Mirror

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Fortune

Treasury Secretary Janet Yellen 'very supportive' of SEC using enforcement power against Binance and Coinbase

Yellen said she would still like to see Congress plug the remaining holes in crypto regulation.

Fortune

Cathie Wood picked up over $21 million dollars worth of Coinbase as the stock plunged after SEC charges

ARK Invest bought the dip in Coinbase this week, providing a vote of confidence for the crypto space after a string of SEC lawsuits against exchanges.

Fortune

Two of the richest crypto bros saw nearly $2 billion wiped from their combined net worth

Coinbase CEO Brian Armstrong said he was “disappointed” by the SEC’s actions, arguing they were “not good for America.”

Daily Mirror

'I dressed like a kid to go undercover in the crypto world and sold a dog photo as an NFT for $20k'

Award-winning journalist Ian Halperin went undercover to lift the lid on the mysterious world of cryptocurrency finding out shocking details about the scale of deaths among the new crypto millionaires

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Fortune

Why Gary Gensler's crusade against crypto could mean the end of Coinbase in the US

The SEC chair's crusade against Coinbase and savvy politicking could mean the end of crypto companies in the U.S.

Fortune

Gensler steals the limelight from House Republicans

Another ambitious crypto bill is stalled by landmark SEC lawsuits against Binance and Coinbase.

The Guardian - US

A crypto obsession and early Crocs investment lie behind an outsider’s ‘hustle mentality’

Maya Bakhai founded her venture capital firm after stints at PwC and Thirty Five Ventures – and an early bet that paid off big time

Zenger

Bitcoin 2023 Exclusive: CoinFlip Launches Olliv, Aims To Be One-Stop Shop For Crypto

Benzinga gets a one-on-one interview with CoinFlip VP of Marketing Ella Wypasek and the future of crypto.

Al Jazeera

US SEC sues Coinbase for breaking market rules

The move, a day after it sued Binance and its founder, are part of SEC’s push to assert control over crypto markets.

The Guardian - UK

SEC crypto crackdown: US regulator sues Binance and Coinbase

Securities and Exchange Commission is targeting cryptocurrency firms it thinks are bypassing regulation

Fortune

Coinbase and Binance suits make for a grim week in Cryptoland

Regulators are on a crypto warpath—and it’s only Tuesday!

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