Breaking: New York Regulator Orders Paxos To Stop Issuing Binance’s BUSD
Binance’s BUSD which is issued by Paxos continues to be one of the largest stablecoins in the crypto market. However, it looks like the stablecoin has now made it onto regulators’ radar as New York regulators have ordered Paxos to stop issuing new…
Binance to support BUSD while exploring non-USD stablecoins, CZ says
Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators.
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various…
Bitcoin Death Cross Forms In The Weekly Chart, More Losses Expected?
There is a “Death Cross” in the Bitcoin weekly chart, and this is not a “good sign,” according to one technical analyst. The “Death Cross” On The Bitcoin Weekly Chart The “Death Cross” forms on charts when the 50-period moving aver
SEC Goes After Ethereum Staking, But What Happens To All The Staked ETH?
On Thursday, it was revealed that crypto exchange Kraken reached a settlement with the Securities and Exchanges Commission (SEC) to stop offering staking services for Ethereum and similar cryptocurrencies. This news understandably triggered a dip…
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another…
Polygon (MATIC) Gathers Strength As It Rides The Super Bowl NFT Wave
The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs. But first, here’s a quick glance of Polygon (MATIC) performance in the last few days: MATIC price is down by…
MetaMask issues scam alert as NameCheap hacker sends unauthorized emails
Web hosting company NameCheap detected the misuse of one of its third-party services for sending some unauthorized emails — which directly targeted MetaMask users.
Microsoft Reportedly Shutting Down Industrial Metaverse Focused Group
Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole Industrial Metaverse Core group, which was…
Are stablecoins securities? Well, it’s not so simple, say lawyers
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities.
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