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
Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.
The securities are part of the $69 billion
The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives.
The bill reads:
No person shall be compelled to
The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives.
The bill reads:
No person shall be compelled to
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
Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.
The securities are part of the $69 billion
After operating for more than ten years, the Finland-based peer-to-peer (P2P) Bitcoin platform LocalBitcoins, is shutting down operations. On February 9th, LocalBitcoins announced that the company was ceasing operations due to challenging market conditions.
LocalBitcoins CEO Nikolaus Kangas stated that “regardless of our efforts to overcome challenges and turn our
According to a UK court, Craig Wright cannot assert any copyright claims regarding Bitcoin’s code.
Wright was unable to provide evidence of what is known as “fixation,” in order to support his claim that the formatting of Bitcoin blocks is his intellectual property. Fixation describes the capacity to present
Bitcoin miner Hut 8 and US Bitcoin Corp. have agreed to merge. Under the newly formed Hut 8 Corp., both companies are now wholly owned subsidiaries.
The press release states that “the transaction is expected to establish [Hut 8 Corp.] as a large-scale, publicly traded Bitcoin miner focused on economical
According to remarks made by Sean O’Neal of Cleary Gottlieb, who is representing Genesis, a division of Digital Currency Group (DCG), a restructuring agreement has been reached with creditors. The sale of Genesis Global Trading would be one part of this plan to maximize recovery.
The agreement will also
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‑
