Coinbase spent enough to make the top-ten in the overall category of securities and investment lobbying, according to OpenSecrets.org, above even Goldman Sachs Group Inc. and Andreessen Horowitz. In U.S. law, lobbying must be legally disclosed through federal filings (though plenty of soft lobbying happens… Read More
The Digital Asset Market Clarity Act was always doomed to fail. The bill faced an uphill battle from launch; numerous political, policy and social factors would have needed to fall into place for it to succeed. In the end, a variety of issues combined to… Read More
Payward has divided that vision into four pillars: trading through Kraken, banking, asset management and Payward Services, its business-to-business infrastructure division. Kraken has about 6.6 million funded accounts holding between $40 billion and $50 billion of assets, according to Sethi, across more than 190 countries… Read More
Her crypto work included a wide range of policy statements and guidance that clarified the agency’s position on various aspects of the industry, including mining, staking, memcoins and — most importantly — a series of definitions for classifying different types of crypto assets and which… Read More
Circle and Tether have frozen stablecoins in a wallet linked to Thursday’s $351.6 million Bitget hack, though the amount is a small fraction of the total. Circle blacklisted the address, which Etherscan labels “Bitget Exploiter 8,” at 05:00 UTC Friday, onchain data shows. The wallet… Read More
Crypto exchange Bitget lost $351.6 million dollars to a system breach on Thursday, CEO Gracy Chen announced in a social media post. In a post on X, Chen said that Bitget’s cold wallets and user funds were safe, and that there were “unauthorized transfers from… Read More
