Coinbase, Kraken Face U.S. Investigation – Bitcoin Magazine

Coinbase is reportedly under investigation by the SEC. The investigation is meant to determine if the company listed cryptocurrencies that should have been considered securities. Kraken reportedly is under investigation by the U.S. Treasury Department for violating sanctions. Scrutiny over cryptocurrency exchanges from U.S. regulators is growing by the day. Coinbase Global Inc., ($COIN) is … Read more

Bitcoin Rips As Fed Raises Rates By 0.75% – Bitcoin Magazine

The FOMC raised target rates for the federal funds rate by 75 basis points. Federal Reserve Chairman Jerome Powell indicated “unusually large” increases could be appropriate in future meetings. Powell also stated a period of economic slowdown will be necessary to restore price stability. The Federal Open Markets Committee (FOMC) raised its target interest rate … Read more

Komainu Approved For Bitcoin Services In Dubai – Bitcoin Magazine

Komainu has received provisional approval to offer institutional bitcoin and cryptocurrency custody services in Dubai. The company is a joint venture by $471 billion Nomura Bank, CoinShares and Ledger. Komainu is considered operationally ready while regulators perform their due diligence before issuing a full approval. Komainu, a digital asset custodian backed by $471 billion Japanese … Read more

Cathie Wood sells Coinbase shares amid insider trading allegations

One of the largest stockholders of the Coinbase cryptocurrency exchange has dumped a massive amount of shares as regulators reportedly probe the firm for alleged insider trading. Cathie Wood’s investment firm Ark Investment Management has sold a total of more than 1.4 million Coinbase (COIN) shares, according to daily trade information from Ark on July … Read more

Abacus Life Partners With Blockcerts to Introduce Blockchain-Powered Insurance

Abacus Life Settlements, a buyer of life insurance policies in the United States, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets. Jay Jackson, the CEO of Abacus life, pointed out: “Abacus Life and Longevity Market Assets are excited to partner with BlockCerts Web 4.0 to lead the next generation of … Read more