Fintech Headlines

U.S. SEC working to register crypto lending firms -Gensler

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) is working to get some cryptolending companies properly registered if they operate more as investment firms, the head of the Wall Street regulator told CNBC in an interview on Thursday.

Southeast Asia crypto exchange Zipmex to resume withdrawals

(Reuters) -Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius.

Explainer-The world of crypto lending

Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing "extreme" market conditions, sparking a sell-off across crypto markets.

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Politics News

Biden signs debt limit bill, avoiding U.S. default

WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government's $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare.