Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar…
Dubai has recently announced plans to ban all privacy coins, following Japan, South Korea, and Australia. More countries will inevitably follow. On Tuesday, the Emirate of Dubai announced plans to ban the issuance…
Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets. At a…
Could cryptocurrency be facing its greatest challenge yet? A debt default refers to a government’s inability to repay its debt obligations. This article will explore the potential impact of a US debt default…
Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year. A Feb. 7 statement from the Securities and…
In the past few years, crypto has cycled through a number of celebrity backers. Logan Paul is possibly the industry’s least helpful. When you’re a relatively new technology, surrounded by a high degree…
The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for their own gain. …
A Missed Opportunity While China moves forward with its CBDC efforts, it still imposes a complete ban on all cryptocurrency-related operations. Huang Yiping, former advisor to China’s central bank, suggests that the Beijing…
FTX, the once high-flying crypto exchange that filed for bankruptcy in November, is calling for the return of “contributions or other payments” it says were directed by former CEO Sam Bankman-Fried or other…
Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months…
India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India…
Dr. Craig Wright, who styles himself as the inventor of Bitcoin, is taking 16 of its developers to trial. The case could have wide-reaching implications. The Australian computer scientist and his holding company,…
The Australian government is bolstering its market regulator’s digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms. A Feb….
Central Bank Digital Currencies are often touted as the future of money. They scare some and excite others. What’s the truth? According to the Atlantic Council CBDC tracker, 114 countries, representing over 95 percent of…
A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate. In a Feb….
The Federal Reserve increased interest rates by 25 basis points on Feb. 1, 2023, taking the U.S. Federal Funds rate to between 450 and 475 basis points. The latest increase follows a 50…