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Tag: Cease and Desist

FDIC Sends Cease-and-Desist to Crypto Firm That Shuttered in June – Decrypt

The U.S. Federal Deposit Insurance Corporation (FDIC) issued a cease and desist notice to Georgia-based technology company Unbanked, Inc. on Friday, citing false and...

Coinbase CEO says leaving US ‘not even in the realm of possibility right now’: Report

Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.According...

Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into...

TrueUSD’s TUSD Circulating Supply Surpasses $3 Billion Despite Prime Trust’s Challenges

In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar...

[Investor Alert] SEC Warns Public Against 8 Entities without License | BitPinas

Share some Bitpinas love:SEC has issued warnings against unlicensed entities, including 6 lending and financing companies and an investment firm.The 6 lending companies were...

Weekly Market Wrap: Bitcoin remains above US$30,000 as market shrugs off Prime Trust’s cease order

Bitcoin rose 17.77% from June 16 to June 23 to trade at US$30,079 at 7:00 p.m. Friday in Hong Kong. The world’s largest cryptocurrency...

Bitcoin slips but remains above US$30,000, amid crypto custodian Prime Trust’s cease order

Bitcoin fell and Ether rose during Friday afternoon trading in Hong Kong, while the top 10 non-stablecoin cryptocurrencies by market capitalization were in the...

Prime Trust Unable to Meet Customer Withdrawals, Says State Regulator

The Nevada Department of Business and Industry found that the crypto custody firm is operating at a substantial deficit. ...

Binance Issues Another Cease and Desist to ‘Scam’ Company, Second In A Week – Decrypt

Crypto exchange Binance has issued a cease and desist order to a fraudulent company using its name—for the second time in a week.This time,...

FDIC Issues ‘Cease And Desist’ Order To OKCoin Crypto Exchange

Advertisement &nbsp &nbsp In a June 15, 2023 press release, the Federal Deposit Insurance Corporation (FDIC) alleged that the crypto exchange OKCoin USA Inc...

Binance Issues Cease and Desist to Nigerian ‘Scammer Entity’ – Decrypt

Crypto exchange Binance has issued a cease and desist notice to "Binance Nigeria Limited," a fraudulent company that had been soliciting Nigerian investors.Changpeng Zhao,...

Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from...

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