Uniswap Labs Under Investigation By SEC – September 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $51,755

Bitcoin price has smashed through the $51,000 mark overnight, currently holding strong just below $52,000.

Top-20 altcoins are looking strong once again, as Ethereum remains unchanged for the day, XRP advances 10% and Filecoin surges 20%.

Top Stories for September 6, 2021 πŸ”₯

πŸ‘‰ Uniswap Labs Under Investigation By SEC

The development firm behind decentralized exchange Uniswap, Uniswap Labs, is reportedly under investigation by the US Securities and Exchange Commission (SEC).

Sources say that enforcement lawyers are looking into Uniswap – the largest existing decentralized exchange – and how Uniswap Labs markets the platform.

According to Delphi Labs General Counsel Gabriel Shapiro, various DeFi projects have started to receive letters from the SEC.

πŸ‘‰ Crypto Is The “New Shadow Bank”. According To Senator Elizabeth Warren

Senator Elizabeth Warren has called cryptocurrency the “new shadow bank”, in an interview with the New York Times.

Warren says that crypto offers several identical features to shadow banks, but without “consumer protections. or financial stability”. The Senator went on to suggest that US banks be banned from holding reserves to back private stablecoins.

πŸ‘‰ Binance Removes SGD Trading Pairs After MAS Warning

Cryptocurrency exchange Binance is removing SGD trading pairs and payment options on its exchange, following warnings from the Monetary Authority of Singapore (MAS).

The change will go into effect on Friday September 10th, and will also see the removal on its iOS and Android apps from Singapore mobile app stores.