General News

Former BitMEX CEO proposes BTC-backed stablecoin independent of USD

Former BitMEX CEO Arthur Hayes has proposed a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar that is pegged to Bitcoin and...

Silvergate Bank to Liquidate Assets and Wind Down Operations

US-based Silvergate Bank, a crypto-friendly bank, has announced its "voluntary liquidation" and plans to wind down its operations. The bank faced inquiries from bank...

Coinbase Launches Wallet-as-a-Service to Simplify Web3 Wallet Onboarding

Coinbase has launched a new product called Wallet-as-a-Service (WaaS), which enables companies to create fully customizable web3 wallets within their own apps. The product...

India Tightens Crypto Regulations to Curb Money Laundering

The Indian government has notified crypto companies to comply with the Prevention of Money Laundering Act (PMLA) of 2002. The Gazette of India published...

Bankruptcy Court Approves Binance.US Acquisition of Voyager Digital Assets

Bankrupt crypto lender, Voyager Digital, has been granted court approval to sell its assets and transfer its customers to Binance.US for $1.3 billion. The...

Brazil’s Central Bank to Launch Digital Real in 2024

Brazil's central bank has announced plans to launch a digital currency pilot project to promote financial services in the country. The project, which will...

Alameda Research sues Grayscale over fees and redemption ban

Alameda Research, the trading branch of FTX, a bankrupt digital-asset exchange, has sued Grayscale Investments. The lawsuit claims “exorbitant management fees” and accuses Grayscale...

Binance Offered Advisor Position to SEC Chairman Before His Appointment

Binance, a cryptocurrency exchange, reportedly sought to hire Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), as an...

Silvergate Bank discontinues its crypto payments network

Silvergate Bank, a digital asset-focused bank, has discontinued its Silvergate Exchange Network (SEN), a crypto payments network that allowed round-the-clock transfers between investors and...

Binance Collaborates with Law Enforcement to Launch Anti-Scam Campaign

Binance, the world's largest cryptocurrency exchange by trading volume, has partnered with various law enforcement agencies to launch a Joint Anti-Scam Campaign aimed at...

Binance USD (BUSD) market cap drops below $10B due to regulatory issues

Binance USD (BUSD), a stablecoin issued by Paxos, has experienced a market capitalization drop below $10 billion for the first time in two years....

Mastercard and Bitso Launch Crypto Debit Card to Drive Adoption in Mexico

Mastercard, the global payments technology company, continues to expand its partnership with Latin American cryptocurrency exchanges. Its latest partnership is with Bitso, the Mexican...