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Silvergate’s Fraher breaks silence on settlement with Gensler’s SEC

Silvergate Bank's CEO, Alan Fraher, addressed the recent settlement with the U.S. Securities and Exchange Commission (SEC) regarding the bank's compliance with securities laws. The settlement follows allegations that Silvergate failed to maintain adequate anti-money laundering controls related to its cryptocurrency operations. Fraher emphasized the bank's commitment to regulatory compliance and improving its practices moving forward. The agreement includes a monetary penalty, but specific details about the settlement terms were not disclosed. Silvergate aims to restore confidence among its clients and investors after facing scrutiny from regulators.

Read the full article: Coin Telegraph

Syndicate Labs winds down after 5 years, citing shrinking rollup market

Syndicate Labs has announced its decision to wind down operations after five years, attributing the closure to a declining market for rollups in the cryptocurrency sector. The company, which focused on building decentralized finance (DeFi) solutions, faced challenges as interest in rollup technology diminished. Despite its efforts to innovate and

Tax evaders are trying ‘novel digital assets’ to dodge authorities: Chainalysis

A report by Chainalysis reveals that tax evaders are increasingly turning to "novel digital assets" to evade authorities. These assets include lesser-known cryptocurrencies and decentralized finance (DeFi) platforms, which offer more anonymity and less regulatory scrutiny. The use of these digital assets is growing as individuals seek to

Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets

Binance has introduced perpetual contracts for SpaceX's pre-IPO, allowing traders to speculate on the company's valuation ahead of its public offering. The contracts enable users to bet on a potential valuation of $2 trillion for SpaceX. This move is part of Binance's strategy to

TradFi giant IG to expand crypto trading across Europe through Bitpanda

TradFi giant IG is set to expand its cryptocurrency trading services across Europe by partnering with Bitpanda, a prominent digital asset platform. This collaboration will enable IG to offer a wider range of crypto trading options to its clients in various European markets. The move reflects IG's commitment

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Syndicate Labs winds down after 5 years, citing shrinking rollup market

Tax evaders are trying ‘novel digital assets’ to dodge authorities: Chainalysis

Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets

TradFi giant IG to expand crypto trading across Europe through Bitpanda