Circle CEO: Stablecoins Should Not Be Regulated by SEC

• The US Securities and Exchange Commission (SEC) recently cracked down on crypto companies, including Kraken and Paxos. • Jeremy Allaire, CEO of Circle, believes that stablecoins should not be regulated by the SEC as they are part of the banking sector. • Allaire suggests that another regulator in the US would be better suited […]

SEC Crackdown Could Boost Decentralized Ethereum: Analyst

• On Feb. 9, the SEC took aim at Kraken and its staking-as-a-service products for offering unregistered securities. • As a result, Kraken suspended staking-as-a-service and crypto markets have slumped. • Analyst Alex Krüger suggested that a ban on staking would push it off-chain or overseas and decentralize Ethereum even further. SEC Stakes Crackdown The […]

Core Scientific Pays $38.6M Debt with 27,403 Mining Rigs

• Core Scientific, a bankrupt BTC miner, has agreed to transfer over 27,000 of its mining rigs to NYDIG in order to pay off an outstanding debt of $38.6 million. • The company borrowed $77.5 million from the investment management firm in 2020 to expand its business but could not settle the loan at the […]