[Feb 20, 2023 11:49 AM] The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
[Feb 19, 2023 5:30 PM] Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the…
[Feb 17, 2023 5:18 PM] Avalanche-based Platypus Protocol, an AMM that was less than two weeks into launching it’s new stablecoin USP, suffered an $8.5M flash loan attack on Thursday. There’s plenty to talk about recently about stablecoins, but this story…
[Feb 17, 2023 1:00 PM] The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators.
[Feb 16, 2023 5:49 AM] Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated.
[Feb 16, 2023 4:10 AM] Tether’s USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin.
[Feb 15, 2023 4:35 PM] The Securities Exchange Commission (SEC) continues to pursue its regulatory policy toward the crypto industry. In the process, the regulator contributed to the so-called stablecoin war, which intensified. Paxos’ decision to stop minting new…
[Feb 14, 2023 4:27 PM] Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim.
[Feb 14, 2023 8:00 AM] While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top…
[Feb 13, 2023 11:22 PM] Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
[Feb 13, 2023 6:05 PM] Paxos said it will engage with the U.S. securities regulator on the matter and is prepared to “vigorously litigate if necessary.”
[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…
[Feb 13, 2023 6:03 AM] According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor…
[Feb 13, 2023 5:32 AM] 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…
[Feb 13, 2023 5:25 AM] All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said.
[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…
[Feb 10, 2023 3:15 PM] The USDT issuer has made inroads into the traditional finance and accounting sectors as it attempts to increase transparency around its holdings.
[Feb 10, 2023 9:00 AM] It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S…
[Feb 9, 2023 4:30 PM] Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open…
[Feb 9, 2023 8:14 AM] Altcoins in the crypto space have been seeing a lot of volatility lately as major cryptocurrencies Bitcoin and Ethereum face resistances which hindered their growth. Luna Classic, the revival attempt of the Terra Luna ecosystem, is one of those…
[Feb 9, 2023 5:49 AM] As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.
[Feb 2, 2023 7:51 AM] Stablecoins may have suffered an identity crisis in 2022, but Tether CTO Paolo Ardoino is bullish about the utility the sector provides.
[Feb 1, 2023 5:07 AM] Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo or a “mis-characterization,” Tether CTO stated.
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