Category Crypto

Bitcoin Saved Me From A Russian Missile Strike

As a permissionless store of value, bitcoin allowed me to escape the danger of a Russian invasion of Ukraine. And it can help you too. To me, being a Bitcoiner means believing in free markets and voluntary exchanges. Bitcoin allows…

Paxos to stop minting BUSD stablecoins for Binance

Blockchain infrastructure platform Paxos will stop issuing new stablecoin BUSD (BUSD) amid an investigation by New York regulators. Paxos officially announced on February 13 that the company will end its relationship with Binance for its USD-pegged stablecoin BUSD. As of…

Why The SEC Plans To File Lawsuit Vs. Stablecoin Issuer

Paxos Trust Company is on the hit list of the US Securities and Exchange Commission, which intends to slap financial institutions and technology companies specializing in blockchain with court cases for allegedly violating investor protection laws when issuing the Binance…

Exchange pulls plug on DeFi multi-token wallet

Cryptocurrency exchange Huobi has announced that it will end the Huobi Cloud Wallet platform in May 2023, citing “strategic and product adjustments.” As announced on the Huobi support page, the maintenance and upgrade of the multi-token wallet service will officially…

Paxos reportedly ordered to stop issuing Binance USD

The New York Department of Financial Services (NYDFS) has reportedly ordered blockchain firm Paxos Trust to stop issuing the dollar-pegged stablecoin Binance USD (BUSD). The New York regulator’s action comes shortly after the United States Securities and Exchange Commission (SEC)…