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 even including stablecoin Binance USD. The information was reportedly retrieved through blockchain data.
This came to light months later in a February 13th Bloomberg report under the
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‑stage approach has three elements,” states the release. “Strengthening enforcement, bolstering consumer protection; and establishing a framework for reform.”
The first stage, strengthening enfo
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 protect consumers who are embracing this new technology - ensuring robust, transparent, and fair standards.”
The announcement was expected – around one year ago,
Sullivan Bank, a Missouri-based bank that was established in 1895, is stepping into the digital age. In a partnership with digital asset service provider Bakkt Holdings Inc., the bank will allow customers to buy, sell, and hold Bitcoin.
Customers will be able to engage with Bitcoin and other cryptocurrencies within their standard banking app, viewing those balances alongside their checking and savings accounts. Utilizing Bakkt's Crypto Connect platform is the next stage of evolution in an effor
OTR, an acronym for “On the Run,” is South Australia’s leading convenience retailer. And in the spirit of convenience, the chain just announced a partnership to bring Bitcoin and cryptocurrency integration to hundreds of locations.
The partnership is a major step for Australia in bringing Bitcoin and cryptocurrency connectivity into the “real world.” Peregrine Corporation, parent company of OTR, teamed up with Crypto.com to pull this off.
“The OTR story is about giving customers choice and mak
21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market.
The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the dip” and thrive in the current challenging Bitcoin market. The first individual product in the suite is the 21Shares Bitcoin Core ETP, featuring the lowest cost of any product in its class by a significant m
Five US Senators have penned a letter to the White House Office of Science and Technology Policy (OSTP), asking for greater restrictions on Bitcoin and cryptocurrency mining.
The letter, addressed to the White House OSTP, was signed by Sheldon Whitehouse, Elizabeth Warren, Tina Smith, Jeff Merkley, and Ed Markey. Within the letter, the senators are calling for tighter restrictions on Proof-of-Work (PoW) mining, used for verifying Bitcoin transactions, saying that it “directly threatens the Unit
Hublot is the newest luxury brand to embrace the Bitcoin ecosystem. The Swiss watchmaker has partnered with BitPay in order to accept Bitcoin and other cryptocurrency payments. The new development comes as part of the promotional campaign for Hublot's limited edition Big Bang Unico release.
“Introducing the new Big Bang Unico Essential Grey, a limited edition of 200 pieces solely available online," the company announced. "Exclusively on our Hublot United States eBoutique, clients will be able t
