After issuing a Wells Notice from the Securities and Exchange Commission (SEC) against the issuer of Binance USD (BUSD) Paxos, the stablecoin has taken a hit in the market. Market capitalization fell rapidly as the company was ordered to stop…
Our weekly news from East Asia organizes the most important industry developments. Chinese billionaire arrested in US for $1B financial fraud According to an announcement published by the US Department of Justice (DOJ) on March 15, Chinese Billonaire Ho Wan…
The financial giant will now allow its customers to trade bitcoins, although they will not be able to withdraw them into their own custody. Fidelity Investments customers can now buy bitcoins through brokers. The Fidelity Crypto platform, first opened to…
Amid the instability in the US banking sector, the United States Federal Deposit Insurance Corporation (FDIC) is reportedly now making a decision against the crypto industry. According to a report published on Wednesday evening, potential buyers of the crypto-friendly Signature…
The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12th. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. The Shanghai mainnet…
So much has happened in the past week that it may be useful to look at the totality of these events in relation to bitcoin. The is opinion editor by Dillon Healy, institutional partnership in Bitcoin Magazine and Bitcoin 2023.…
As FTX’s bankruptcy case continued, administrators continued to uncover critical issues that could have contributed to the crash. Remember that founder and CEO Sam Bankman-Fried mismanaging customer funds leading to the exchange crash last year. The latest finding by the…
The United States-based crypto advocacy group Blockchain Association asked financial regulators to provide information related to the potential “de-banking of crypto companies” due to the failure of Signature, Silicon Valley Bank and Silvergate bank. In a March 16 notice, the…
While the US is witnessing one of the biggest banking collapses in its history, Bitcoin is innovating and seeing the network grow. This is an editorial opinion by Carlos Cardenas, an institutional account manager who has worked in legacy banks…
As cryptocurrency gains mainstream adoption across all sectors, some traditional financial institutions are beginning to accept it. A new report announced that a new Zurich-based fintech, Grow Bank, plans to integrate crypto and fiat currencies into its services. The Swiss…