Coinbase chief legal officer Paul Grewal said that the crypto exchange has discovered over 20 instances where the Federal Deposit Insurance Corporation (FDIC) asked banks to “pause” or “refrain from providing” or “not proceed” with crypto-related banking services. In an X post, Grewal wrote: “In short…
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Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was speaking at the Group of Thirty’s 39th Annual International Banking Seminar…
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Adam Iza, founder of crypto trading platform Zort, has been charged with bribing officials of the Los Angeles Sheriff’s Department (LASD) to help him extort, intimidate, and silence victims. He has also been charged with evading taxes. The 35-page affidavit of a Federal Bureau of Investigation (FBI) agent detailed corruption within the LASD…
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The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain” that the U.S. government is hostile to the cryptocurrency industry…
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Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal…
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