Crypto News
Senate Stablecoin Bill Makes Progress With New Draft—Here’s What’s In It
A new draft of the GENIUS Act is being touted by Democrats as containing major concessions. The bill may receive a new floor vote in the coming days.Source link
SEC Is Probing Coinbase Over User Number Misstatement Concern
The SEC has been investigating crypto exchange Coinbase (COIN) over whether it misstated its user numbers in past securities filings and marketing materials. The probe began under the former presidential administration while the SEC was still under the control of then-Chair Gary Gensler, according to the NYT, which first reported the story, but has persisted under the SEC’s current, crypto-friendly leadership.The metric at the heart of the investigation is Coinbase’s claim to have over 100 million “verified users.” It stopped using the metric in both disclosure and marketing materials in 2021, the year it went public on the Nasdaq.Paul Grewal, Coinbase’s chief legal officer, told CoinDesk in an emailed statement that the SEC’s investigation is a “hold-over investigation from the...
Ripple’s RLUSD Stablecoin Climbs to 312 Million Tokens, but 70% Is Held by Just 10 Wallets
Data shows that Ripple’s stablecoin RLUSD has crossed the 300 million threshold in total issuance. By the close of April, RLUSD’s circulating supply expanded from 294 million to its present total of 312 million coins. RLUSD Supply Jumps Past 300M Coins Ripple’s dollar-linked stablecoin RLUSD has expanded its supply by 61.66% since March 31. FollowingSource link
Ethereum Meant To Be Alternative, Not Rival to Bitcoin: ETH Co-Founder Anthony Di Iorio
Ethereum co-founder Anthony Di Iorio shared Thursday that he thinks the blockchain wasn’t necessarily meant to be a “competitor to Bitcoin,” but rather “it was meant to be an alternative.”Speaking to a crowd at Consensus 2025, Di Iorio shared with the audience about his time during Ethereum’s early days, noting back then that he understood that the project could become a really big movement. “We could sense and feel that it was picking up,” Di Iorio said.Di Iorio was one of the eight co-founders of the Ethereum blockchain, but originally got into cryptocurrency through his advocacy with Bitcoin. He started Bitcoin meetups in Toronto in 2012, and through that met Vitalik Buterin, who came up with the Ethereum whitepaper and...
Crypto Exchange CEO’s Daughter, Grandson Targeted in Paris Kidnap Attempt
The daughter and grandson of a French crypto exchange CEO were targeted in a failed kidnap attempt, adding to the growing number of crypto-related kidnapping cases in the country, France 24 reported on Tuesday.A video widely shared on social media showed the attempt, in which three masked men wrestled the woman and another person to the ground in Paris. A shop owner intervened, waving a fire extinguisher, and the attackers gave up, driving off in two waiting vans. France 24 identified the crypto exchange as Paymium.The attack follows earlier — successful — kidnappings in the country. In January, David Ballard, a co-founder of crypto-wallet developer Ledger, was ransomed after being kidnapped with his wife from their home. In May, the...