Two major U.S. cryptocurrency exchanges known for aggressively seeking regulatory approval, Coinbase and Gemini, have been accepted as JPMorgan Chase customers, breaking through an important glass ceiling in the financial industry.
Embattled cryptocurrency exchange Bitfinex has launched Pulse, a new social network aimed at helping its traders exchange ideas and share their insights.
Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.
Reginald Fowler, the man who was allegedly at the heart of a shadow banking operation for cryptocurrency, forfeited what appeared to be an extremely reasonable plea bargain on Jan. 17. Now, according to a letter filed with the Southern District Court of New York on Friday, the U.S. government has officially withdrawn its plea offer as Fowler heads to trial.