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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...
VaultBet & InfinitySwap partners to Integrate Bitfinity Wallet
13.2.2023
VaultBet recently announced a partnership with InfinitySwap to integrate Bitfinity Wallet. The collaboration will be helpful in advancing the Internet Computer ecosystem. As a reliable crypto sportsbook, VaultBet is a viable alternative to centralized betting exchanges and bookmakers. Since it uses...
Ethereum Price Prediction as ETH Dips Below $1,500 – Where is the Next Support?
13.2.2023
Read More: Ethereum Price Prediction as ETH Dips Below $1,500 – Where is the Next Support?
Paxos to stop minting BUSD stablecoins for Binance
13.2.2023
All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said
SonicUnwrap Protocol smoothens Crypto transactions with innovative feature
13.2.2023
UPI system in India will soon host an upcoming decentralized transaction for crypto with a core focus on security and seamless movements of tokens among the community. Per the announcement made by Sonic through an official blog post, the venture is working to bring v2 – SonicUnwrap Protocol...
Binance to support BUSD while exploring non-USD stablecoins, CZ says
13.2.2023
Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators
Hello Pets to create an open entertainment ecosystem & become Web3’s Disney
13.2.2023
Hello Pets happens to be working towards the creation of an open entertainment ecosystem. Through this, and in their very opinion, all of the connected groups will find themselves in the position of being able to connect in matters related to storytelling, along with the art creation of shared IPs....
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...
As Shiba Inu Price Explodes, These Hidden Gems Might 10x
13.2.2023
Shiba Inu (SHIB) is on a make-or-break collision course with the 200 Day MA. Will SHIB burst or bounce ahead of Shibarium launch?
Last week analysis touched on the likelihood of a SHIB retracement from resistance at $0.00001500. This is now firmly underway.
Shiba Inu has been in a retracement...
SEC lawsuit against Paxos over BUSD baffles crypto community
13.2.2023
Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value
Terra Luna Classic Price Prediction as LUNC Falls Below $1 Billion Market Cap – Time to Buy the Dip?
13.2.2023
The terra luna classic price has dropped by 3.5% in the past 24 hours, as part of a marketwide fall caused by speculation regarding the SEC acting against Paxos and the BUSD stablecoin. At $0.00016228, LUNC is also down by 10% in a week and by 8.5% in the last 30 days, with the altcoin seeing...
This Popular Hardware Wallet was Hacked by a Cybersecurity Firm – Should You Be Concerned?
13.2.2023
Crypto hardware wallet provider OneKey was hacked by cybersecurity startup Unciphered - in one second. The wallet manufacturer claims the vulnerability in its firmware that allowed the breach has been fixed.
On February 9, Unciphered posted a video on their YouTube channel, stating that they...
New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US
13.2.2023
South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves....
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Coinbase tweets sharp clarifications towards SEC’s claims
13.2.2023
Coinbase clarifies all the assertions and questions that have so far been raised by the SEC on its staking services. Taking it for securities or any other similar service is based on the grounds that have been finally moved by Coinbase. Brian Armstrong and Paul Grewal took to Twitter to share...
Coinbase CEO Brian Armstrong Ready to Defend Staking in Court if Necessary
13.2.2023
Coinbase CEO Brian Armstrong has said the exchange's crypto staking services are not securities, adding that he is willing to defend this in court.
“Coinbase's staking services are not securities. We will happily defend this in court if needed,” Armstrong said in a Twitter post on Sunday....
Dogecoin Price Prediction as Elon Musk Says Talked to Fox News Owner About Dogecoin During SuperBowl – Time to Buy?
13.2.2023
The dogecoin price has fallen by 1.5% in the last hour and by 4% in the past 24 hours, dropping to $0.080716 amid a similar fall for the cryptocurrency market as a whole. The altcoin is also down by 12% in a week and by 4% in the last 30 days, dragged down -- like much of the market --...
Paxos Trust Co. gets Wells notice from SEC over BUSD token
13.2.2023
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company. This is with regard to its suspicion of the entity having violated investor protection laws....
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet
13.2.2023
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move
First weekly death cross ever — 5 things to know in Bitcoin this week
13.2.2023
Bitcoin price action is making history this week, but for all the wrong reasons, as the 2022 bear market still haunts the charts