π¨ MakerDAO is proposing to remove Wrapped Bitcoin ($WBTC) as collateral due to concerns over its connections to Justin Sun, the founder of Tron. π°
π¨ Justin Sun has also launched a critique against Coinbase's Wrapped Bitcoin (#cbBTC), stating that it lacks proof of reserves, audits, and can have its balance frozen by the company at any time. He warns that U.S. government subpoenas πΊπΈ could potentially seize all BTC under their control.
π Meanwhile, the UK High Court π¬π§ has ruled that Tether ($USDT) is legally considered property under new regulationsβa significant milestone for the world of cryptocurrencies!
π Kraken π° is pushing back against the SEC, firmly asserting that $ADA and $ALGO are not securities and accusing the SEC of overstepping its authority.
π The HTX crypto exchange is integrating Bitcoin Lightning π° on its platform, with over 45 million users π set to benefit from faster transactions.
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