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Latest from Sheldon Reback
Coinbase Shares Slump After SEC Files Suit Against Company
Major shareholders include Vanguard Group, Cathie Wood’s ARK Invest, Nikko Asset Management, Fidelity and BlackRock.

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding
Meanwhile's target audience is U.S. citizens with large BTC holdings, an audience from which it has "seen a lot of early demand."

First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance
The latest price moves in crypto markets in context for June 6, 2023.

Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
The firm said it is the first bank-owned custodian to offer staking services to institutional clients.

Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations
The surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.

Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20: Reuters
Binance.US had claimed to be independent from Binance at the time.

Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.

JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange
Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”

UK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation
The Crypto and Digital Assets All Parliamentary Group released its long-awaited inquiry into crypto on Monday.
