Moody's Downgrades Coinbase Amid SEC Charges
In recent developments, credit ratings agency Moody's has downgraded its rating of Coinbase, a prominent cryptocurrency exchange, from "stable" to "negative."
In recent developments, credit ratings agency Moody's has downgraded its rating of Coinbase, a prominent cryptocurrency exchange, from "stable" to "negative."
In the realm of financial regulation, a profound philosophical question lingers: who regulates the regulators? This query strikes at the core of our society's governance and raises concerns about the existence of unbiased checks and balances of power.
In a recent and unexpected development, Binance US, one of the largest cryptocurrency exchanges in the world, has put a halt on USD deposits. The move has left many within the crypto sphere searching for answers.
Sotheby’s, the renowned auction house with a rich history, has made an exciting foray into the world of non-fungible tokens (NFTs) with the launch of its on-chain NFT marketplace called Sotheby’s Verse. This groundbreaking platform opens up new possibilities for art enthusiasts and collectors, offering a seamless and secure way to buy, sell, and experience curated NFTs.
Washington D.C., June 6, 2023 — In a move that further solidifies the SEC's relentless assault on the crypto industry, Coinbase, Inc. finds itself under fire as the Securities and Exchange Commission (SEC) has charged the popular cryptocurrency exchange for operating as an unregistered national securities exchange, broker, and clearing agency. Additionally, Coinbase is accused of conducting an unregistered offer and sale of securities through its staking-as-a-service program.
In the rapidly growing world of Web3, luxury fashion house Louis Vuitton is making headlines by launching its first-ever physical-backed non-fungible tokens (NFTs). This groundbreaking collection includes 42,000 NFTs, each tied to a physical product, signifying an exciting evolution in the luxury fashion and digital assets sphere.
In a recent groundbreaking move, Sberbank, Russia's leading bank, has stepped into the world of Decentralized Finance (DeFi). With plans to launch its DeFi platform later in 2023, Sberbank is paving the way for other traditional financial institutions to follow suit.