The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm.
In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially
Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit.
In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto.
“The multi‑
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the U.S. Treasury all declared on Sunday that they will take “decisive actions” to boost public trust in the nation’s banking sector. The FDIC and Federal Reserve came to this decision after recommending that Silicon Valley Bank (SVB)
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the U.S. Treasury all declared on Sunday that they will take “decisive actions” to boost public trust in the nation’s banking sector. The FDIC and Federal Reserve came to this decision after recommending that Silicon Valley Bank (SVB)
The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm.
In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially
Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit.
In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto.
“The multi‑
The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country.
“We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also
Lebanon is set to devalue its currency by 90% on February 1st, as the country's central bank governor, Riad Salameh, announced that the new official exchange rate will be 15,000 pounds per U.S. dollar. This marks a significant decrease from the current official rate, which has
On January 24th, 2023 El Salvador’s president, Nayib Bukele, announced that the country was able to pay off an $800 million bond despite numerous media outlets claiming that it would not be able to make payments because of its “Bitcoin bet.”
The payment, which followed a prior transaction, included
Genesis Global Capital and Genesis Asia Pacific, two of Genesis’ lending companies, have both filed for Chapter 11 bankruptcy.
According to their announcement, the firm intends to implement a global resolution in order to maximize value for all clients and stakeholders while strengthening its business for the future.
Genesis Global
A little over one year after the President of El Salvador, Nayib Bukele, made the historic move to adopt Bitcoin as legal tender, thousands flocked to the country for the second annual Adopting Bitcoin conference.
With over 1,000 conference attendees, Adopting Bitcoin was an opportunity for many westerners who
