‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules
Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules. Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules. Cointelegraph.com News
‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender. Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender. Cointelegraph.com News
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans. Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans. Cointelegraph.com News
Concern over banking crisis reaches levels unseen since 2008 — Poll
According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks. According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks. Cointelegraph.com News
FTX founder Sam Bankman-Fried urges court to dismiss charges
Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8. Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8. Cointelegraph.com News
Canada’s central bank asks citizens what they want in a digital dollar
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one. Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one. Cointelegraph.com News
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade. A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade. Cointelegraph.com News
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities. The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities. Cointelegraph.com News
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI, and sDAI. The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI, and sDAI. Cointelegraph.com News
Paxful restarts marketplace operations for the first time since April
Amid the suspended service, Ray Youssef said he had made his “final act” as CEO after helping unfreeze 88% of certain users’ accounts. Amid the suspended service, Ray Youssef said he had made his “final act” as CEO after helping unfreeze 88% of certain users’ accounts. Cointelegraph.com News