Hello everyone,
We are publishing a newsletter to help you navigate the cryptosphere.
This newsletter covers the week of February 5 to 10.
Here is edition #11.
📰 Major news of the week 📰
🐙 Kraken winds down staking program, pays $30 million to settle unregistered offering of staking services case with SEC: Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil penalties, as indicated by the regulator.
🏹 3AC Co-founder Kyle Davies fails to respond to liquidators' subpoena despite Twitter delivery: According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows.
📁 File transfer giant Wetransfer joins NFT industry, partners with blockchain platform Minima for March launch of minting product: File transfer service giant Wetransfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. Wetransfer’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or compute
🇨🇳 Binance halting US dollar deposits and withdrawals via bank accounts: Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said.
🕺 Twitter Account To Follow: MetaMask ⭐️
For those who don't know MetaMask, it is a portfolio in the form of a widget that is a leader in this market. A must-have.
👉 https://metamask.io/
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⚠️ All content from this newsletter is for informational purposes only; you should not interpret this information as investment, financial or other advice.