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Polygon, a layer-2 scaling protocol for Ethereum, has launched its zero-knowledge decentralized identity solution, Polygon ID, to the public. The service uses zero-knowledge proofs to enable users to verify their identity online…
Coinbase, one of the largest cryptocurrency exchanges in the US, announced that it would suspend trading for the Binance USD (BUSD) stablecoin on March 13 due to its “listing standards.” The decision…
Paxos Trust Company, the firm behind Binance’s stablecoin, is in discussions with the U.S. Securities and Exchange Commission (SEC) after the regulator informed the company that the token should have been registered…
Binance, one of the world’s largest cryptocurrency exchanges, has witnessed a $2.5 billion outflow from its stablecoin (BUSD) as U.S. regulators intensified their scrutiny of the digital asset. Binance CEO Changpeng Zhao…
The US Securities and Exchange Commission (SEC) has filed charges against blockchain platform Terraform Labs and its founder, Do Kwon, for defrauding investors in a multibillion-dollar scheme. Kwon is accused of lying…
Crypto tracing firm Elliptic reported on Tuesday that it provided intelligence to Binance and Huobi that led to the freezing of $1.4 million in cryptocurrency linked to the Harmony Bridge heist and…
Following the NYDFS order for Paxos to stop issuing BUSD tokens, a significant amount of the stablecoin was sold, and most of its liquidity flowed into USDT, a rival stablecoin. Reports suggest…
Polygon, the Ethereum-based layer 2 scaling solution, saw a significant spike in its daily trading volume on the OpenSea NFT marketplace. According to data from Dunes, a community-based open-source data provider, Polygon…
The New York Department of Financial Services (NYDFS) is reportedly investigating stablecoin issuer Paxos. Although the exact scope of the investigation remains unclear, NYDFS’s decision to look into Paxos suggests that the…
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