CEO Financial News

The digital asset industry has been slammed in a new report published by the White House, with many now fearing that even stricter regulations will be introduced in the US.

Circle CEO Jeremy Allaire has revealed that the Twitter account of one of the company's top executives that promised a USDC airdrop has been hacked. 

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

During the last bull market, a simple mention of Dogecoin [DOGE] by Elon Musk would have resulted in a quick uptick for the memecoin. However, the reaction seems to have slowed down in recent times even as the Twitter CEO remains a big admirer of the project.

LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday.

Cardano’s [ADA] stablecoin Djed, which launched earlier this year, may soon expand to other layer-1 networks like BNB Chain [BNB] and Ethereum [ETH].

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams. In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".

The United States Securities and Exchanges Commission (SEC) has taken a swing at yet another crypto-entity. This time around the commission has issued a subpoena against SushiSwap – a decentralized exchange. In addition, Jared Gary – the CEO of the DEX – was also served with a subpoena. A subpoena issued by the SEC demands the production of certain documents relating to a case investigated by the commission.

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Charles Hoskinson refuted the idea that cryptocurrency caused the banking crisis, calling digital assets the “escape valve.”

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

In an audacious cyber heist, $1 million worth of cryptocurrency was brazenly stolen from the AI-powered trading dApp Harvest Keeper.

A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.

Ahead of the launch of its Ethereum Virtual Machine (EVM) on 14 April, EOS Network Ventures has pledged to invest $20 million to support the growth of EOS-based decentralized applications and gaming platforms.

The collapse of Silicon Valley Bank was a «Lehman moment» for the technology industry, according to a top Goldman Sachs dealmaker.

While the money in SVB and the dollar peg were recovered, USDC's market cap took a hit and Circle is now reiterating its call for regulation that would make it a full reserve federally supervised institution.At a conference held at Warwick Business School, Circle’s Tarleton Watkins said that one long term option for retail stablecoins could involve a wholesale CBDC at the Fed as a backing instrument, but in the meantime holding dollar reserves with the Fed rather than various financial partners would be a logical step in light of SVB’s failure.Watkins told his audience: "In some ways, the events surrounding SVB act as a vindication of what we have been advocating for and that is a full Fed reserve model, where we could have access to risk-free cash."Although it is rare to have cascading bank failures, like in the financial crisis of 2008, this event with SVB put Circle through a very serious stress test, and we have come through it."Meanwhile, Circle has filed applications in France to become both a licensed Electronic Money Institution and a registered Digital Asset Service Provider. The move comes as Circle looks to expand its operations in Europe and push its EUROC stablecoin.Autorité des Marchés Financiers (AMF).

The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen since Bitcoin’s [BTC] all-time high (ATH) in November 2021.

The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability, with one executive suggesting investors will now look at the mountainous central European country as «a financial banana republic.»

JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC's David Faber.

Binance, one of the world's largest cryptocurrency exchanges, has responded to a letter from US senators sent on March 2nd, which raised concerns about the exchange's activities and requested financial data. The senators, led by Elizabeth Warren, claimed that there is evidence that Binance and its American arm attempted to evade US regulators, evade sanctions and facilitated the laundering of at least $10 billion. They requested «all Binance and Binance subsidiary balance sheets from 2017 to the present,» as well as Anti-Money Laundering and similar policies, and documents about the relationship between Binance and Binance.US.