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Crypto wallet company Exodus is suing the W3C and its CEO Garth Howat in an attempt to force $175M.

Publicly traded cryptocurrency firm Exodus Movement (EXOD) is suing W3C, the parent company of crypto card and payment specialists Baanx and Monovate, and its CEO, Garth Howat, to complete its $175 million purchase of W3C, which was agreed last November. A lawsuit in the Delaware Court of Chancery seeks to compel Howat to comply with […]

Crypto wallet company Exodus is suing the W3C and its CEO Garth Howat in an attempt to force $175M. Read More »

White House crypto adviser Witt says other obstacles in the Clarity Act are being removed

The White House’s top crypto adviser, Patrick Witt, said work is still underway to nail down the compromise he believes will move the Digital Asset Market Clarity Act forward in the US Senate, although he said several other items are also being worked out behind the scenes. In an interview on CoinDesk TV on Monday,

White House crypto adviser Witt says other obstacles in the Clarity Act are being removed Read More »

Bankers reject White House claim that stablecoin dividends do not threaten deposits

The crypto industry’s main effort in US politics – the Digital Asset Market Clarity Act – has remained held up on a point about stablecoin dividends that has little to do with the bill’s central goal of regulating US crypto markets. It remains an issue as bankers fired the latest salvo to claim the industry’s

Bankers reject White House claim that stablecoin dividends do not threaten deposits Read More »

The US SEC says that software that allows crypto wallet transactions is not considered a broker

The US Securities and Exchange Commission said that software that sets up user interfaces that allow trading of crypto-securities through individuals’ wallets does not need to be registered and regulated as a broker. In the latest of the agency’s staff statements on crypto — now a broad list of views intended to allow the crypto

The US SEC says that software that allows crypto wallet transactions is not considered a broker Read More »

Crypto Exchange Kraken Targeted in Extortion Attempt; says no breach and no funds at risk

Crypto exchange Kraken is facing an extortion attempt by a criminal group threatening to release videos allegedly showing access to internal systems containing client data, the company said on Monday. The Wyoming-based company said it identified and closed two instances of inappropriate access linked to individuals within its support team, each involving restricted customer data.

Crypto Exchange Kraken Targeted in Extortion Attempt; says no breach and no funds at risk Read More »

Circle’s Allaire says USDC freezes require legal orders amid mounting criticism

Circle Internet (CRCL) CEO Jeremy Allaire offered his clearest public response yet to growing criticism over how the stablecoin issuer handles illicit funds, saying it does not freeze wallets unless there is a formal legal basis to do so. Speaking on stage at a press conference in Seoul, Allaire positioned USDC, the second largest dollar-pegged

Circle’s Allaire says USDC freezes require legal orders amid mounting criticism Read More »

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