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…
The US Securities and Exchange Commission (SEC) has voted in favor of proposed rules that would require financial institutions overseeing cryptocurrency assets to obtain federal and state registrations. The rules would mandate…
Binance, the world’s largest cryptocurrency exchange, is expecting to pay monetary penalties to settle investigations into its business in the US, according to the company’s chief strategy officer, Patrick Hillmann. The move…
Russian developer Alexey Pertsev, who created the crypto privacy tool Tornado Cash, will remain in jail on money laundering charges, according to a panel of Dutch judges. The decision was made during…
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…
DBS Bank is planning to apply for a license to offer crypto trading services in Hong Kong. The bank is waiting for the regulatory framework to be implemented later this year, after…
The Board of Control for Cricket in India (BCCI) has banned cryptocurrency advertising and sponsorships in the Women’s Premier League, according to Planet Sport on Feb. 14. The BCCI sent a 68-page…
Wirex, a leading crypto payments platform, has signed a long-term strategic global partnership with payments giant, Visa. This marks another major milestone for the London-based company, which boasts over 5 million customers…
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…
The New York Department of Financial Services has ordered Paxos Trust Co., the issuer of Binance’s dollar-pegged cryptocurrency, to stop creating more BUSD tokens. Despite the halt in issuance, Paxos will continue…
The U.S. Securities and Exchange Commission (SEC) is reportedly planning to sue Paxos, the stablecoin issuer behind the Pax Dollar (USDP) and Binance USD (BUSD). However, the SEC has declined to comment…
In the wake of a $30 million fine levied against rival cryptocurrency exchange Kraken, Coinbase CEO Brian Armstrong has taken a stand to defend his exchange’s staking services. Armstrong stated on Twitter…
Banco do Brasil, a major bank in Brazil, has joined forces with Brazilian-based crypto firm Bitfy to offer a new way for taxpayers to settle their taxes using cryptocurrencies. This move makes…
Rabi Sankar, the Deputy Governor of the Reserve Bank of India, recently announced at a policy press conference that the central bank’s digital currency pilot project is underway with 50,000 users and…
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…
Payment giant PayPal has temporarily halted its plans for a stablecoin, following news that its partner, Paxos, is under investigation by the New York Department of Financial Services. The company was set…
San Francisco-based cryptocurrency exchange, Kraken, has reached a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Kraken will pay $30 million in penalties and shut down…
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…
Nirmala Sitharaman, India’s Minister of Finance, held a virtual conversation with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss the upcoming G20 Finance Ministers and Central Bank Governors meeting in…
Indian content aggregator and distributor Shemaroo Entertainment has teamed up with Polygon Labs to launch Virtasy.io, a non-fungible token (NFT) marketplace enabled by Seracle’s Web3.0 infrastructure. The platform aims to provide a…
Bitcoin is the world’s largest and most well-known cryptocurrency, and it has been making headlines recently for several reasons. Currently, the price of bitcoin is $22,600, which is a significant increase from…
Kraken, a San Francisco-based cryptocurrency exchange, is under investigation by the United States Securities and Exchange Commission (SEC) for violating securities laws. The investigation, which is reportedly in an advanced stage, could…
Revolut, the digital bank valued at $33 billion, is giving its customers the opportunity to earn cryptocurrency rewards by “staking” their coins. This new feature will be available to customers in Britain…
The Federal Reserve Board has warned member banks about a ban on cryptocurrency banking activity. In a recent final rule, the Federal Reserve System gave an interpretation of the Federal Reserve Act…
You are all caught up.
