Financial services using cryptocurrencies The head of research at Matrixport is of the opinion that the current investigation of Paxos and its Binance USD (BUSD) token is not an assault on stablecoins in and of itself. Matrixport’s Markus Thielen noted in a study that was published on February 14 that the BUSD issuer, Paxos Trust … Continue reading BUSD, Paxos, and the Recent Scrutiny of Paxos
During a hearing that was called to investigate the collapse that occurred in the cryptocurrency market, the United States Securities and Exchange Commission (SEC) and Gary Gensler, the director of the SEC, came under criticism from attendees. Throughout the course of the hearing, a number of legislators and witnesses directed their criticism in this general … Continue reading Many Lawmakers and Witnesses Call for hearing exploring the crash of the crypto market
Siemens, a German multinational firm that is a leader in the fields of engineering and technology, is one of the first companies in Germany to issue a digital bond on a public blockchain. Because of this achievement, Siemens is now able to count itself among an exclusive club of enterprises in Germany. It has a … Continue reading Siemens Issues World's First Blockchain Bond
A request has been made by representatives for Voyager Digital’s unsecured creditors to have the former CEO of FTX, Sam Bankman-Fried (SBF), as well as numerous top-level officials from FTX and Alameda Research deliver papers and appear in court remotely for a deposition the next week. According to a document that was filed on February … Continue reading Former FTX CEO Sam Bankman-Fried to Appear in court remotely
The Securities and Futures Commission (SFC) in Hong Kong is seeking comment from the general public on its most recent proposed licensing framework for cryptocurrency exchanges. The SFC has asked for feedback from members of the general public. It is anticipated that this framework will begin to function beginning in June of 2023. During the … Continue reading Public feedback on the SFC's proposed cryptocurrency exchange licensing regime
The cryptocurrency industry has recently criticised a bill that was recently proposed in the Illinois Senate due to its “unworkable” intentions to compel blockchain miners and validators to perform “impossible things.” One example of this would be undoing transactions if a state court ordered them to do so. The Senate Bill was surreptitiously submitted into … Continue reading The Most Unworkable State Law
Cameron Winklevoss, an American investor and co-founder of the cryptocurrency exchange Gemini, predicts that Asia will be the beginning of the next bull run for cryptocurrencies. His remarks came at a time when authorities in the United States, particularly the Securities and Exchange Commission, were ramping up their enforcement actions and threatening to clamp down … Continue reading Gemini co-founder: Crypto's next bull run will start in Asia
Users of the Binance Australia Derivatives product have reported receiving unexpected notices on February 23 from the digital asset platform, which said that the company has begun closing some derivatives contracts and accounts. Individuals who did not match the qualifications to be a “wholesale investor” were informed that all of their positions would be closed, … Continue reading Binance Australia Derivatives starts closing certain positions and accounts
After an update to the validator software on February 25, the Solana network saw a decrease in the rate at which blocks were produced. Transactions were disrupted as a consequence of the event, which prompted validators to downgrade the software in an effort to restore network speed. At around 6:00 AM (UTC), a technical problem … Continue reading Solana Network Experiences Slowdown in Block Production Following Upgrade
According to a study published by the Financial Action Task Force, often known as FATF, its delegates have reached a consensus on an action plan “to encourage prompt worldwide implementation” of global standards on cryptocurrencies. According to a publication that was released on February 24 by the Financial Action Task Force (FATF), the plenary for … Continue reading FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto