SEC Sparring With Coinbase & RFK Jr.’s Bitcoin Investments: What You Need to Know 🔎
Tether mints $1 billion in USDT, Cathie Wood’s ARK Invest sells Coinbase shares, and South Korea’s FSC requires crypto disclosures.
Here are some of the top cryptocurrency news stories for July 13, 2023:
- Tether mints a fresh batch of $1 billion worth of its USDT stablecoin on the Ethereum blockchain on June 12th.
- Cathie Wood’s ARK Invest sold 135,000 shares of Coinbase as the price of the stock hit $90.
- South Korea’s Financial Services Commission (FSC) announced a new bill that will require all firms that issue or hold cryptocurrencies like Bitcoin to disclose their holdings.
- The European Banking Authority (EBA) has introduced new guidelines for public input, aimed at providing clarity on the requirements of the Markets in Crypto-Assets regulation (MICA) for issuing stablecoins.
- Bank of China trials offline payments for digital yuan via SIM cards.
- Celsius Network files lawsuit to recover $150M from staking platform StakeHound.
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Key takeaways from the highlighted videos
- Tether mints $1 billion in USDT: This is a significant amount of USDT, and it could have a major impact on the cryptocurrency market.
- Cathie Wood’s ARK Invest sells Coinbase shares: This is a sign that Wood is not as bullish on Coinbase as she once was.
- South Korea’s FSC requires crypto disclosures: This is a positive development for the cryptocurrency industry, as it will help to increase transparency.
- The European Banking Authority introduces new guidelines for stablecoins: This is a step towards regulating the stablecoin market, which is a growing concern for regulators.
- Bank of China trials offline payments for digital yuan: This is a sign that China is serious about its digital currency, and it could have implications for the global economy.
- Celsius Network files lawsuit to recover $150M from staking platform StakeHound: This is a sign of the growing risks associated with cryptocurrency staking.
Conclusion
These are just a few of the top cryptocurrency news stories for July 13, 2023. Be sure to stay up-to-date on the latest news by following us on social media or subscribing to our newsletter.
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