SEC Threatens Coinbase With Lawsuit Over Lending Service – September 8

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $46,456

Bitcoin price has taken a big hit over the last 24 hours, as price tumbles several thousand dollars back into the $46,000s.

Top-20 altcoins have also performed poorly, with Ethereum falling almost 10%, XRP tumbling 16% and Cardano dropping 11%.

Top Stories for September 8, 2021 πŸ”₯

πŸ‘‰ SEC Threatens Coinbase With Lawsuit Over Lending Service

The US Securities and Exchange Commission (SEC) has threatened to sue crypto exchange Coinbase, over the platform’s proposed “Lend” service.

Coinbase revealed the information in a blog post today, claiming that the company had repeatedly attempted to engage with the SEC over the Lend product, to no avail.

The SEC has refused to share the reasoning behind the lawsuit, leaving Coinbase and the wider cryptocurrency community stumped at the seemingly hostile move.

πŸ‘‰ NBA Star Stephen Curry Signs Ambassador Deal With FTX Exchange

NBA star Stephen Curry has reached an ambassador deal with cryptocurrency exchange FTX, including an equity stake in the company.

The deal follows partnerships with other sports stars including Tom Brady and Trevor Lawrence. Curry’s foundation “Eat.Learn.Play.” will also partner with FTX on charitable initiatives.

πŸ‘‰ BlackRock To Use Axoni Blockchain For Equity Swap Trades

Asset management giant Blackrock is set to join Axoni’s Veris blockchain, to streamline the management of equity swap trades.

BlackRock will use the Veris chain internally and integrate it with its Aladdin operating system, in an effort to build scalability and mitigate risk in investments.