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Crypto Staking cancellation not good for the US- Coinbase CEO
On Thursday, Coinbase CEO Brian Armstrong shared a Twitter post saying the US SEC had plots to do away with crypto staking. His Twitter thread sparked mixed reactions as the crypto community took it as a potential attack on the innovation.
FTX debacle gets new twists with Bankman-Fried at the center
FTX meltdown has been monumental. Now, a series of events haunt Bankman-Fried and keep him away from what was once his crypto estate.
FTX was under ASIC’s watch months before the meltdown
FTX did not convince the ASIC of its operations. New details show that the exchange had been served 3 notices in eight months. The surfaced report claims that the ASIC had warned about the exchange in March, the first month it began operations there.
Silvergate suspends 2023 dividends due to liquidity issues
Silvergate has suspended its dividends due to financial constraints. It claims it is taking that step to preserve a highly liquid balance sheet following a significant loss in Q4 2022.
Polygon Matic price surges by 48% in 2023
The price of Polygon Matic has risen by 48% in 2023, regardless of the ongoing crypto bear run. The price surge follows an increase in its usage of blockchain, becoming the second one in the most recorded daily transactions.
Senator Ted Cruz proposes the installation of crypto-powered ATMs in Capitol Hill
Pro-crypto US senator Ted Cruz has filed a resolution to make lawmakers buy snacks around the Capitol using crypto. His resolution includes the introduction of crypto-supporting snacks vending machines.