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DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
17.6.2023
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4.394 billion, but the number of circulating...
Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News
16.6.2023
Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News.
Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd....
Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns
16.6.2023
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.”...
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...
CoinEx Has To Refund Thousands as Part of Settlement With New York Attorney General Letitia James
15.6.2023
Cryptocurrency firm CoinEx will have to refund thousands of New York investors more than $1.7 million and pay penalties to the state as a result of settlement with New York Attorney General Letitia James.
CoinEx is also banned from operating in the state, according to a statement on Thursday from...
New York bans CoinEx exchange, seizes $1.7M in crypto assets
15.6.2023
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said
Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan
15.6.2023
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets
Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Fintech Talents North America returns to New York this June
7.6.2023
Fintech Talents North America returns for its 4th edition, live and in-person, at the Convene in New York this June. Since the inaugural event, it has featured content focused on the pivotal role Credit Unions and Community Banks play, and this year’s event, on June 20, is no different. Join...
The New York Times Adds A New, Competitive Way To Play Wordle
6.6.2023
Hot on the heels of the most recent PGA tournament, The New York Times is introducing a twist to its favorite word game Wordle that, as far as I know, absolutely no one asked for: Wordle Golf. Like the standard game, which is a more pacifist hangman, Wordle Golf requires you to guess its hidden...
New York’s Met Museum Agrees to Return $550K in FTX Donations
5.6.2023
The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse
Former House Rep blames industry outsiders for associating crypto with bank's failure
31.5.2023
According to Barney Frank, Signature Bank's only issue prior to regulators seizing control in March was "crypto-fear inaccurate withdrawals."
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
31.5.2023
Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have been redeemed thus far. Within the span of...
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
26.5.2023
The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract
NY Attorney General Secures $4.3 Million Refund for Coin Cafe Customers Misled by Hidden Fees
19.5.2023
The New York Attorney General’s office has ordered crypto trading platform Coin Cafe to repay $4.3 million to users for charging hidden fees.
In a Thursday announcement, Attorney General Letitia James revealed that it has secured $4.3 million for Coin Cafe users after the company charged...
Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts
19.5.2023
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
19.5.2023
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said
Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees
18.5.2023
Brooklyn-based crypto trading platform Coin Cafe is paying back $4.3 million to defrauded investors, according to a Thursday statement from the New York Attorney General’s office, which accused the company of misleading customers about “exorbitant and undisclosed” fees
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
11.5.2023
A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...