CryptoNews

US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps

Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed, questioning Yellen how the council believes existing laws should apply bitcoin, ether, and non-security crypto…
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CryptoNews

South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler

South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs). He stressed that currently, the impact of SEC policies on the world is important. South Korea Seeks to Discuss…
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CryptoNews

Monero's Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that monero, along with three other cryptocurrencies, will be taken off its exchange on Feb. 20, 2024. Monero Faces 32% Value Slash…
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CryptoNews

Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit

On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly Yakovenko, and 468 Capital. Oobit Secures $25 Million in Series A Led by Tether With its crypto…
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