Gotbit CEO to Forfeit $23M in Landmark Crypto Market Manipulation Settlement
Aleksei Andriunin, founder of crypto market maker Gotbit, agrees to forfeit $23M in assets and serve prison time for orchestrating a massive wash trading scheme. The Russian national faces a 24-month sentence and will be barred from cryptocurrency activities during supervised release.
Circle's Balanced Strategy: Navigating USDC Between Regulation and Decentralization
Circle, the company behind USDC stablecoin, demonstrates a nuanced approach balancing regulatory compliance with decentralization principles. Through the CENTRE Consortium's governance structure, Circle maintains transparency while limiting unilateral control over the digital asset.
USDC Hits Historic $56 Billion Market Cap as Stablecoin Market Surges
Circle's USDC stablecoin has doubled its market cap to $56 billion, with a remarkable $10 billion increase in just 30 days. The growth reflects rising crypto adoption and regulatory developments, though Tether maintains market dominance with $140 billion capitalization.
Coinbase CEO Proposes USDC Integration for X Social Media Platform
Coinbase CEO Brian Armstrong advocates for integrating USDC stablecoin transfers on Elon Musk's X platform, aligned with X's vision of becoming an 'everything app'. The potential collaboration comes as USDC sees remarkable growth in 2024, with its supply increasing over 80% to $43 billion.
Circle and Binance Form Strategic Alliance to Accelerate Global USDC Adoption
Circle and Binance announce a groundbreaking partnership at Abu Dhabi Finance Week to expand USDC's global reach through Binance's vast ecosystem. The collaboration promises enhanced USDC integration across Binance's platform while demonstrating both companies' commitment to regulatory compliance.
Ethereum Developer's Coinbase Account Frozen Over VPN-Based USDC Transfer
A prominent Ethereum developer faced a complete account lockout on Coinbase while attempting a $25,000 USDC transfer using a VPN. The incident sparked discussions about centralized exchanges' security measures and highlighted concerns over banking-style restrictions in cryptocurrency platforms.
Coinbase and Apple Pay Join Forces to Revolutionize Crypto Purchases
Coinbase integrates with Apple Pay to enable instant cryptocurrency purchases for 60 million U.S. users through Coinbase Onramp. The partnership streamlines fiat-to-crypto conversions while maintaining security standards, marking a significant step toward mainstream crypto adoption.
Coinbase Halts USDC Rewards Program in Europe to Comply with MiCA Regulations
Coinbase announces the end of its USDC rewards program across Europe by December 2024, adhering to new MiCA regulatory requirements. The decision affects users in EU member states and EEA countries, sparking debate about regulatory restrictions on crypto yield-bearing products.