News

Missouri AG sues crypto ATM operator CoinFlip ‘for enabling scams’

Missouri Attorney General Andrew Bailey has filed a lawsuit against CoinFlip, a cryptocurrency ATM operator, alleging that the company facilitated scams by allowing users to withdraw cash without proper identity verification. The lawsuit claims that CoinFlip's ATMs have been used in fraudulent schemes, leading to significant financial losses for victims. The AG's office argues that the lack of safeguards at CoinFlip's ATMs has made it easier for scammers to exploit unsuspecting individuals. CoinFlip has denied the allegations, stating that it complies with all applicable laws and regulations. The case highlights ongoing concerns about the regulation and security of cryptocurrency transactions.

Read the full article: Coin Telegraph

Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch

Coinbase has launched Flipcash USDF, a new branded stablecoin aimed at enhancing its stablecoin infrastructure business. This initiative is part of Coinbase's strategy to expand its offerings in the cryptocurrency market. The Flipcash USDF is designed to provide users with a reliable and efficient stablecoin option. This move

Key Bitcoin price metric used by bulls falls to six-week low, but there’s a silver lining

A key Bitcoin price metric favored by bullish investors has dropped to a six-week low, indicating potential concerns among traders. Despite this decline, analysts suggest there may be a silver lining, as the metric could signal a buying opportunity for long-term investors. The overall market sentiment remains cautious, but some

Federal Reserve proposes limited master accounts long pursued by crypto firms

The Federal Reserve has proposed a framework for limited master accounts that could benefit certain financial institutions, including those in the cryptocurrency sector. This move aims to provide access to the central bank's payment system for firms that have been advocating for such accounts. The proposed accounts would

Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs

Polymarket is set to introduce parlay betting options, allowing users to combine multiple predictions into a single wager. This move comes as the U.S. Securities and Exchange Commission (SEC) seeks public feedback on the potential regulation of prediction market exchange-traded funds (ETFs). The SEC's inquiry reflects growing

Read more

Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch

Key Bitcoin price metric used by bulls falls to six-week low, but there’s a silver lining

Federal Reserve proposes limited master accounts long pursued by crypto firms

Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs