Uphold Discontinues Staking For US Customers
Crypto exchange Uphold has informed its users that it would stop providing staking services to American clients on April 27, 2023. Uphold declared that it “can’t ignore the recent SEC instructions on staking” and will therefore immediately discontinuing its staking services in response to recent SEC actions to crack down on cryptocurrency-related products and businesses. […]
USDC Issuer Circle Chooses France For Its European Expansion
Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France. The creator of the USD Coin (USDC) stablecoin, Circle Internet Finance, has asked for regulatory approval in France as part of its European growth. The company has submitted applications to the French government to become […]
OKX latest proof of reserves reveals $8.9B in assets
OKX published its fifth Monthly Proof of Reserves that revealed its $8.9 billion reserve held in various digital currencies. The international cryptocurrency exchange OKX published its fifth proof-of-reserves (PoR) report as part of a trend it started in November 2022 to increase industry transparency. The most recent version states that OKX currently possesses $8.9 billion […]
Coinbase halts support for Signet Crypto payment platform
Customers of the cryptocurrency exchange Coinbase have been informed that the Signet payments service from Signature Bank will be discontinued until further notice. Brian Armstrong’s Coinbase cryptocurrency exchange has informed its users that Signet, the former’s real-time payment network, will be suspended permanently as a result of the recent closure of Signature Bank. The usage […]
Core Scientific To Transfer $20M Worth Of Equipment
The bankruptcy judge for Core Scientific has accepted a $20M settlement between Priority Power Management and bitcoin miner Core Scientific. Judge David Jones approved the transfer of equipment worth about $20.8 million from Core Scientific to Priority Power in a filing made on March 20 in the Southern District of Texas’s US Bankruptcy Court. The […]