Crypto Lender Bankruptcy: $250M Withdrawn Amid Regulatory Challenges
• CZ denies rumors senior Binance executives resigning due to ongoing regulatory challenges
• BlackRock CEO Larry Fink likens crypto to ‘digitizing gold’; praises Bitcoin as an ‘international asset’
• Bitwage halts USDC payments for US residents, cites ‘strict regulations’
CZ Denies Rumors of Senior Binance Executives Resigning
Crypto exchange Binance’s CEO Changpeng Zhao (CZ) has denied reports of any high-ranking executives resigning due to ongoing regulatory challenges. This comes despite persistent speculation in the industry that some top-level personnel have left the company.
BlackRock CEO Larry Fink Praises Crypto and Bitcoin
BlackRock CEO Larry Fink recently likened cryptocurrencies to „digitizing gold“ and praised Bitcoin as an „international asset“. He also noted that crypto assets could become a more widely accepted form of payment in the near future.
Bitwage Halts USDC Payments for US Residents
Payroll services provider Bitwage has halted support for USDC payments for its US customers citing „strict regulations“. The company stated that it was looking into other options to facilitate payments, but warned that there may be delays in getting these solutions up and running.
Valkyrie’s Spot-Bitcoin ETF Application Refiled With Coinbase Named as Surveillance Partner
Valkyrie Digital Assets has refiled its application with the SEC for a bitcoin exchange-traded fund (ETF), this time with cryptocurrency exchange Coinbase named as its surveillance partner. The filing comes after Valkyrie had previously withdrawn its first application amid COVID-19 market volatility last year.
NEAR and Ethereum Take Contrasting Approaches to Blockchain Scalability
Shards and Layer-2s have increasingly become popular solutions when it comes to scaling blockchains such as Ethereum or NEAR Protocol. While both projects approach scalability differently, they share a common goal: providing users with faster transactions at lower costs on their respective networks.