Polygon (MATIC), Others Lose Combined $5B in Market Cap in June, Here’s Why
The SEC recently tagged many of the tokens as ‘unregistered securities,’ and the allegations have landed a huge blow on the tokens.
Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service
By
Darya Rudz
The reason behind the exchange’s decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws.