Paxos: BUSD Redemptions Continue Till At Least February 2024
Summary: Paxos will wind down its relationship with Binance for the BUSD stablecoin.BUSD redemptions will continue till at least February...
Ethereum
SEC Targets Binance Stablecoin, Paxos To Stop Minting BUSD
Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services.The order coincided...
PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto
Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant...
Cantor Fitzgerald: Tether’s Mysterious $39 Billion Fund Manager
A report by the Wall Street Journal revealed that Cantor Fitzgerald oversees Tether’s bond portfolio. The $39 billion bond portfolio backs...
DeFi Staking Tokens Volatile Following SEC’s Crackdown On Staking Services
The SEC’s crackdown on centralized staking services has induced volatility in liquid staking tokens. Traders poured into DeFi staking due to...
Crypto Mom Lambasts SEC Over Kraken Staking Decision And $30 Million Fine
Summary: SEC Commissioner Hester Pierce disagreed with the regulator’s move to shut down Kraken’s staking service.Pierce noted that the decision...
3AC Founders Launch New Exchange For Crypto Claims Trading
3AC founders Su Zhu and Kyle Davies are launching a new crypto exchange in partnership with Coinflex. Open Exchange (OPNX) will...
Crypto Winter Forces LocalBitcoins To Shut Down Operations
LocalBitcoins has announced that it will shut down its platform this month. The Bitcoin exchange cited the ongoing crypto winter as...
Tether Posts $700 Million Profit, Eliminates Commercial Paper From Reserves
Tether reported a $700 million profit in the last quarter of 2022.The USDT issuer no longer holds commercial paper in...
Ethereum’s Shanghai Upgrade To Raise ETH Staking Average And Balloon PoS Validator Count: Report
Summary: JP Morgan analysts expect the ratio of staked Ether to move towards the 60% average on other Proof-of-Stake blockchains.The...
Robinhood Board Approves Buyback Of Sam Bankman-Fried’s 55 Million Shares
Summary: Robinhood plans to buy back nearly $600 million worth of shares owned by the FTX Founder.Sam Bankman-Fried scooped the...
Kraken Faces SEC Probe Over Sale Of Unregistered Securities
Kraken is reportedly facing a probe by the SEC over the sale of unregistered securities. The securities regulator is probing whether...
Yuga Labs’ Dookey Dash Is Plagued With Rampant Cheating
Yuga Labs’ recently launched Dookey Dash has witnessed rampant cheating among players. The skill-based game is reportedly filled with boosters who...
Chiliz (CHZ) Debuts EVM-Compatible L1 Blockchain
Summary: The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday.Chiliz’s L1 chain is compatible with...
Kyle Davies and Su Zhu Ducked 3AC Court Summons, Lawyers Tell Court: Report
Summary: Lawyers for Three Arrows Capital (3AC) said Davies and co-founder Su Zhu ignored the court subpoena served on Twitter...
