This Week in Crypto
Chainalysis lays off 39 employees, Shanghai police allegedly raid Binance offices, and Silvergate Bank announces plans to launch crypto lending and custody services.
Polymesh migrates from Ethereum to Parity’s Substrate, the U.S. Federal Reserve responds to a letter in regards to a Central Bank Digital Currency, and ShapeShift launches its “FOX” exchange token.
The IRS investigates Bitcoin ATMs, Fidelity Digital Asset Services has been granted a trust license, and Grayscale Investments seeks SEC reporting company status.
Visa introduces the LucidiTEE blockchain, the SEC reviews Bitwise bitcoin ETF rejection, and rCashaa plans to offer banking for USD crypto firms.
A Wyoming law exempts New York’s Bitlicense requirement, Andrew Yang addresses regulating crypto, and the Federal Reserve releases stablecoin guidelines for issuers.
Tether denies allegations in its class action lawsuit, China stays firm on its cryptocurrency restrictions, and Alibaba denies any form of partnership with Lolli.
Compound Finance raises $25 million, BRICS nations explore cryptocurrency for trade, and Multi-Collateral Dai (MCD) goes live on Monday.
The Coinbase debit card supports additional tokens, Ledger Vault secures a $150 million insurance policy, and the Swiss Exchange lists a Tezos exchange traded product (ETP).
Bakkt plans to offer cash-settled bitcoin futures, crypto.com announces a new exchange, and Telegram requests its SEC case to be dismissed.
Justin Sun admits investment in Poloniex, BitGo is processing 20% bitcoin of transactions, and Binance announces it will use the fiat gateway by Paxos Trust Company.
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