Coinbase Ready to Fight SEC over Crypto Staking Service [ Crypto Espresso 2.14.23 ]

Hello and welcome again to crypto Espresso your teeny tiny daily shot of Caffeinated crypto headlines since it's Valentine's Day your host Andrew is Going to give you a special treat you Can all pretend that I'm your instant Adoring crypto News host here I got These flowers for you today for no Particular reason other than to tell you That I adore you I'll go put them in Some water and then read you the Headlines first up paxos has announced That it will stop issuing binance USD Stable coins the stablecoin issuer will Continue to oversee Redemption of Binance branded busd following the order By the New York Department of Financial Services all busd tokens remain backed One-to-one with US dollar denominated Reserves fully segregated and held in Bankruptcy remote accounts paxos said Binance CEO Chang ping CZ Zao tweeted Out in a statement that busd is wholly Owned and managed by paxos and funds are Seifu CZ added that binance will Continue to support busd for the Foreseeable future but the exchange does Foresee use users migrating to other Stable coins over time friendly reminder As always coin market cap is owned by Binance Brian Armstrong has vowed to Defend his exchange's crypto staking Program coinbase earn in court if Necessary these comments come in the

Wake of the Securities and Exchange Commission's announcement on Thursday That competitor Kraken would need to pay A 30 million dollar penalty and shudder Its staking as a service program Coinbase's staking services are not Securities Armstrong tweeted on February 13th we will happily defend this in Court if needed so far only one company Has pushed back against the SEC hard Enough to take it to court and that is Ripple which is fighting a civil suit Alleging its sold unregistered Securities in the form of xrp tokens Armstrong's argument was backed up by a Lengthy blog post from his chief legal Officer the mixing service blender which Was hit with U.S sanctions before Tornado cash has been resurrected under The name Sinbad according to crypto Intelligence firm elliptic though it is The new kid on the Block it's already Laundered 100 million dollars of the 1.7 Billion dollars that North Korea Believed to have stolen in a series of Hacks on major crypto projects this most Notably includes the 620 million dollar Hack of vaccinefinity's ronin network Bridge a small mixing service that is Quickly getting big Sinbad is highly Likely to be a Rebrand of blender with The same individual or group responsible For it elliptic said despite its Currently small size and having launched

In October Sinbad managed to quickly Attract tens of millions of dollars in Transactions from accounts believed to Be part of North Korea's Lazarus group And finally one of the top modern art Museums in Europe has embraced nfts Adding 18 blockchain related pieces to Its permanent collection this includes The donation of crypto Punk number 110 Given by project owner Yuga Labs Francis Formerly the National Museum of Modern Art claimed the collection makes it the Very first institution dedicated to Modern and Contemporary Art to acquire a Set of Works dealing with the Relationship between blockchain and Artistic Creation in a statement it said Coming from diverse practices and Cultures such as crypto art plastic arts Or New Media these Works reflect the Astonishing richness of the forms of Artistic creation linked to the Blockchain and speaking of artistic Creation you dear viewer borrow work of Art stunning chiseled out of marble like A Greek god that's right I want you to Hit that like button subscribe to our YouTube channel and click on that little Bell icon to get better buzzed whenever A new crypto espresso video goes live And on a scale of one to ten how Uncomfortable did I make you today well Wave your right to complaint to HR by Leaving a comment below comments are

Back it's a great day questions about Our headlines or crypto in general Alex Is bae and also dwelling in the Description below Alex is also a great Resource for all things web 3 and the Metaverse end that about does it for Today again I've been your instant Adoring host Andrew these have been your Headlines you look breathtaking and We'll see all of your beautiful shining Radiant faces tomorrow and don't forget To buy some discounted chocolate then Because there's there's good deals you Just gotta look