Mike Dalton

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Stats Has written 815 posts about cryptocurrency

Mar 28 2023

Binance execs used Signal, discussed Hamas funds, told customers how to use VPNs: CFTC filing

Mar 28 2023 Published at CryptoSlate under tags  crime exchanges legal regulation

Binance faces various allegations from the U.S. Commodities and Futures Trade Commission (CFTC) that point toward wrongdoing among company executives. Binance used Signal's auto-delete feature On March 27, the CFTC filed charges against the leading crypto exchange Binance. Though its charges primarily suggest that Binance went against...

Binance CEO Changpeng Zhao admits to using company products but says employee trading is limited

Mar 28 2023 Published at CryptoSlate under tags  legal

Binance CEO Changpeng Zhao said that he stores his own money with Binance, as seen in a statement published on the exchange website on March 27. Zhao admits to using Binance products On the question of whether he and other employees use Binance, Zhao wrote:...

Mar 27 2023

BlockFi will refund $100K to California users

Mar 27 2023 Published at CryptoSlate under tags  bankruptcy legal

The bankrupt crypto lending platform BlockFi will provide refunds to California-based customers, according to a March 27 report from state regulators. The Department of Financial Protection said that those users will receive more than $100,000 in refunds following approval from the bankruptcy court. The regulator said that at...

Binance calls CFTC charges ‘unexpected,’ says it will cooperate with regulators

Mar 27 2023 Published at CryptoSlate under tags  legal regulation

Binance has responded to charges filed by the Commodities and Futures Trading Commission (CFTC) in a statement provided to CryptoSlate on March 27. Binance comments on CFTC charges A Binance spokesperson called the CFTC's charges "unexpected and disappointing" and said that Binance has worked with the regulator for over two years. That spokesperson said that Binance blocks all U.S. residents and U.S. citizens...

Mar 25 2023

Dogecoin dev tool update adds QR codes, moon phases, BIP-39 seed support

Mar 25 2023 Published at CryptoSlate under tags  memecoins wallets

The Dogecoin Foundation has released a major update to its libdogecoin toolset, according to a March 23 announcement from developer Michi Lumin. Lumin described the update as a "big one" and said the release includes several new features as well as various fixes and improvements. The upgrade Specifically, the update includes support for BIP39, a standard that is...

Justin Sun: Huobi believes SEC impact is over

Mar 25 2023 Published at CryptoSlate under tags  exchanges regulation

Justin Sun said in a series of tweets on March 24 that Huobi believes the effects of recent charges against his other projects have come to an end. On March 22, the U.S. Securities and Exchange Commission (SEC) filed charges against Justin Sun and three companies to which he is linked....

Mar 24 2023

Bitcoin makes partial recovery after 4% drop brings price near $27.2K

Mar 24 2023 Published at CryptoSlate under tags  analysis

The price of Bitcoin fell to close $27,200 on March 25 before making a partial recovery. Bitcoin fell to nearly $27,200 Bitcoin was valued at $27,209 at 9:40 p.m. UTC on Friday. That decline in value represented a loss of 3.9% over 24 hours and a loss of 2.5% over one hour. However, the cryptocurrency quickly began to recover its losses. At the...

Mar 23 2023

Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano

Mar 23 2023 Published at CryptoSlate under tags  exchanges regulation staking

Coinbase has begun its transition to on-chain staking for four cryptocurrency assets, according to an announcement on March 23. Four assets affected, one discontinued Coinbase's announcement and an attached help page say that customers will "earn rewards from the protocol, not Coinbase" under the new approach. Th firm says that its only role will be to...

FTX plans to sell stake in Mysten Labs for $96M

Mar 23 2023 Published at CryptoSlate under tags  bankruptcy exchanges

FTX has submitted a motion through which it intends to sell its stake in Mysten Labs, according to a bankruptcy court filing on March 22. The value of the sale is estimated to be more than $96 million. About $95 million of that amount consists of shares, though it also includes $1 million of SUI token warrants — that is, a promise...

Polygon, ex-Meta executives defend Coinbase following SEC Wells notice

Mar 23 2023 Published at CryptoSlate under tags  exchanges featured legal regulation

Several notable cryptocurrency industry figures have come to the defense of Coinbase following the company's receipt of a Wells notice. Polygon comes to the defense of Coinbase The Wells notice received by Coinbase indicates that the U.S. Securities and Exchange Commission likely intends to file charges against the exchange. In response, Polygon Labs president Ryan Watt said in a...

Mar 22 2023

Coinbase receives Wells notice from SEC

Mar 22 2023 Published at CryptoSlate under tags  exchanges legal regulation

Coinbase revealed in a March 22 filing that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice says that the SEC has made a preliminary determination that will see it recommend an enforcement action against Coinbase. The pending action will likely allege that Coinbase violated federal securities laws. The...

SEC sues TRON founder Justin Sun over TRX, BTT

Mar 22 2023 Published at CryptoSlate under tags  featured legal

The U.S. Securities and Exchange Commission (SEC) sued Justin Sun, founder and former CEO of TRON, according to a March 22 court filing. The filing said that two of Sun's crypto tokens — TRON (TRX) and BitTorrent (BTT) — constituted securities offerings. The filing mentioned the involvement of Sun's various companies, including Tron Foundation, BitTorrent Foundation, and Rainberry Inc....

Mar 21 2023

SC justices hear Coinbase’s first arguments in favor of class action arbitration

Mar 21 2023 Published at CryptoSlate under tags  legal

Coinbase was met with some resistance on March 21 as it attempted to persuade Supreme Court justices that certain class action suits should go to arbitration. Coinbase argues in favor of arbitration As previously reported by CryptoSlate,...

OneCoin associate Irina Dilkinska charged following US extradition

Mar 21 2023 Published at CryptoSlate under tags  crime regulation scams

Irina Dilkinska, a Bulgarian woman involved in the crypto scam OneCoin, has been extradited to the U.S. and has been charged, according to the DOJ on March 21. Dilkinska faces multiple charges An announcement from the U.S. Department of Justice States that Dilkinska was extradited on March 20 and will soon appear...

Sushi and its ‘head chef’ receive SEC subpoena

Mar 21 2023 Published at CryptoSlate under tags  defi legal regulation

DeFi project Sushi and its main leader have been subpoenaed by the U.S. Securities and Exchange Commission (SEC), according to a forum post on March 21. Sushi subpoenaed by regulators That forum post, published by Sushi "head chef" Jared Grey, indicates that both he and the project itself were recently...

Marqeta’s Mastercard will power Australian prepaid crypto card from Stables

Mar 21 2023 Published at CryptoSlate under tags  payments stablecoins

Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by mutual partner Marqeta in a March 20 press release. The partnership will allow Stables — which currently offers a digital wallet and stores balances in the...

Mar 20 2023

Euler hacker offers to negotiate return of funds

Mar 20 2023 Published at CryptoSlate under tags  defi hacks

A hacker who recently exploited Euler Finance is attempting to arrange the return of stolen funds, as seen in an on-chain message on March 20. Hacker reaches out to Euler Finance Records from Etherscan show that the hacker sent an Ethereum transaction to Euler Finance's deployer contract. That message read:...

Polygon and Immutable partner on Web3 gaming

Mar 20 2023 Published at CryptoSlate under tags  adoption gaming partnerships

Ethereum ecosystem projects Polygon and Immutable have partnered on Web3 gaming, according to a press release published on March 20. Immutable and Polygon join forces The joint announcement indicates that the two projects will form a strategic alliance to advance Web3 gaming in terms of development and...

Coinbase drops support for Signature’s still-active Signet payment network

Mar 20 2023 Published at CryptoSlate under tags  bankruptcy

Coinbase has discontinued support for Signet, a service once offered by the failed Signature Bank, according to a report from the Wall Street Journal on March 20. Coinbase partnered with Signature in October 2022. Coinbase used Signet to perform U.S. dollar transactions with exchanges and...

Mar 19 2023

DefiLlama website splits as one founder pushes for crypto token launch

Mar 19 2023 Published at CryptoSlate under tags  defi

DefiLllama, a decentralized finance data site, is disputing its leadership as a single team member has attempted to launch a token without wider approval. Two "llama" sites now exist DefiLlama was originally launched circa October 2020 at defillama.com. Now, a nearly identical site has been launched at llama.fi. 0xngmi, one member of the DefiLlama project, said on...