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Circle blew the whistle on Binance reserves to NYDFS: Report
13.2.2023
The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin
Xbox Confirms That Game Pass Leads To ‘Decline’ In Sales
13.2.2023
As Microsoft continues its year-long journey to consume Activision Blizzard King, we keep learning more and more about the inner workings of the various corporations involved. And today, via the UK Competition and Markets Authority’s provisional report on the deal, we learned that when games...
DeFi exploits and access control hacks cost crypto investors billions in 2022: Report
13.2.2023
Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses
Led by Bitcoin, blockchain industry starts 2023 off strong: Report
13.2.2023
With a Bitcoin rally to begin the year, the crypto space is looking up. However, not every sector has reversed its downward trajectory
Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500
13.2.2023
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
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 protection laws. Paxos revealed the following...
Breaking: Paxos reportedly ordered to stop issuing Binance USD
13.2.2023
A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap
Breaking: Paxos to face SEC lawsuit over Binance USD: Report
13.2.2023
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security
Report: EA Paying $588 Million For The Rights To The English Premier League
13.2.2023
Programming and gameplay be damned, sports games live and die on their licensing. It’s why Madden was able to crush NFL2K, and it’s why EA’s FIFA (now known as EA Sports FC) has been able to grind Konami’s PES into the dust. Not because they’re better games, but because they paid to be the only...
Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review
12.2.2023
Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain...
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
11.2.2023
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, a source noted that Paypal has put...
FTX liquidators report exchange held $2.4M 'fleet of vehicles' in the Bahamas
10.2.2023
The liquidators said they would “commence disposals” of certain FTX Digital physical assets following approval from the Bahamas’ supreme court
Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report
10.2.2023
The USDT issuer has made inroads into the traditional finance and accounting sectors as it attempts to increase transparency around its holdings
China Targets Blockchain Breakthroughs With Beijing Research Center: Report
10.2.2023
The center will focus on blockchain use related to the economy and individuals' livelihoods in an attempt to make the technology central to the country's digital infrastructure
Microsoft Disbands Industrial Metaverse Project: Report
10.2.2023
The 100 members of the team have all been laid off, according to the report, according to a person with direct knowledge of the matter
Bitzlato co-founder released from brief arrest and questioning: Report
10.2.2023
The co-founder of cryptocurrency exchange Bitzlato was briefly detained for questioning in Moscow at the request of Interpol, after which he was released
Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report
9.2.2023
NFTs felt the influence of bad actors and market manipulators in 2022, like the rest of crypto; NFTs launched after the start of the crypto winter did better
Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report
9.2.2023
The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps
90% of BNY Mellon's Institutional Clients are Interested in Digital Assets: Report
9.2.2023
The bulk majority of Bank of New York Mellon's clients are interested in investing in digital assets despite the recent market meltdown.
Citing a 2022 study of the custodian bank's clients, BNY Mellon's head of advanced solutions Michael Demissie said clients are "absolutely interested"...