Terra Luna Classic USD(USTC) Repeg to Revive USTC to $1
Terra Luna Classic developer organizations Joint L1 Task Force and Quant plan to work on USTC repeg to revive the price to $1 The Terra Luna Classic primary developer teams clarify the situation to advance the Terra Classic ecosystem revival. The Joint L1 Task Force and RedlinerDrifter-led Quant developer teams have decided to proceed with […]
SEC Chairman Investigated Over Ethical Violations
The United States SEC Ethics Committee is investigating Chair Gary Gensler and FTX Founder Sam Bankman-Fried’s relationship. Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, is being investigated by the agency’s ethics committee for his alleged connections to Sam Bankman-Fried (SBF), the founder of the defunct cryptocurrency trading platform FTX Derivatives Exchange. […]
Coinbase Wins Consumer Lawsuit Ruling
Friday, the cryptocurrency exchange Coinbase prevailed in its bid to transfer customer disputes into private arbitration. Coinbase, the largest cryptocurrency exchange in the United States, prevailed in its bid to transfer customer disputes into private arbitration on Friday. In March 2023, the United States Supreme Court heard arguments from former exchange consumers regarding lost funds. […]
TrueUSD Assures Clients Regarding Prime Trust
TrueUSD asserted on Twitter that its TUSD stablecoin had “no exposure” to troubled Prime Trust, reportedly confronting regulatory problems. Based in Nevada, Prime Trust reportedly ceased all fiat and cryptocurrency deposits and withdrawals in response to state financial regulators’ orders. As a result of the abrupt disruption, several customers now find themselves in a predicament, […]
XRP Attorney Recalls Gary Gensler’s Interview for ‘Crypto Blueprint’
Gary Gensler made some remarks regarding the widespread adoption of cryptocurrencies in an interview from the past. In response to claims that ‘the great accumulation of Bitcoin’ has begun, traders have investigated how the U.S. Securities and Exchange Commission (SEC) treated crypto-native enterprises in the past. This comes after corporate titans in the United States […]