Binance US drops FDIC insurance amid regulatory pressure
Cryptocurrency exchange Binance US has withdrawn FDIC insurance for user funds. The exchange faces regulatory heat from the US Securities and Exchange Commission (SEC). The SEC lawsuit ramifications are spilling…
Blockchain’s promise is mostly speculative, says former FDIC Chair
Blockchain technology holds a lot of promise, says Fmr. FDIC Chair Sheila Bair. However, she argued that most of the promise of the blockchain industry is speculative. Cryptocurrencies with value…
FDIC issues cease and desist letter to FTX US over misleading statements
FDIC sent the cease and desist letter to five companies, including FTX US and… The post FDIC issues cease and desist letter to FTX US over misleading statements appeared first…