The Dog Days of Crypto: Traders Pump All Things Shiba Inu After Elon Musk’s Meme The crypto markets have been on a tear in recent months, with Bitcoin and many altcoins posting…
Bitcoin Hashrate Reaches 300 EH/s: A Sign of Institutionalization and Improved Mining Economics
The Bitcoin network has seen a surge in computing power, or hashrate, over the past year. On Wednesday, the hashrate reached 300.65 exahash per second (EH/s), a 100 EH/s increase in just…
BUSD Regains $1 Peg After Brief Depegging: Binance CEO Changpeng Zhao Comments and Paxos Burns Tokens
The Binance USD (BUSD) stablecoin is returning to its intended $1 peg after a brief depegging earlier this week. The third-largest stablecoin by market cap, BUSD is backed by short-term treasuries and…
Binance CEO Distances Himself from BUSD After Regulatory Action Causes Minting to Cease
Binance CEO Changpeng Zhao has distanced himself from the Binance-branded stablecoin BUSD after U.S. regulatory action caused minting to cease. On Monday, BUSD issuer Paxos said it would stop minting new tokens…
Siemens Leads the Way in Blockchain Technology with First Digital Bond Issuance
Siemens, Germany’s third-largest publicly traded company by market cap, has taken a major step forward in the world of blockchain technology by issuing its first digital bond. The 60 million euro ($64…
Regulatory Action Against BUSD Causes Investors to Flee to Tether Despite Lack of Transparency
The recent action taken by U.S. financial regulators against Paxos’ centralized, dollar-pegged stablecoin BUSD has caused investors to flee the asset and move into tether (USDT), the world’s largest centralized stablecoin. Despite…
Regulatory Scrutiny of the Stablecoin Industry: The Case of Paxos
The stablecoin industry is facing increased scrutiny from regulators, and the latest target is Paxos. New York’s top financial regulator, the Department of Financial Services (NYDFS), is investigating Paxos for allegedly not…
Banco do Brasil Enables Tax Payments with Cryptocurrencies
Banco do Brasil (BB), Brazil’s largest public bank, has taken a major step forward in the adoption of cryptocurrencies by enabling the payment of taxes with digital assets. The service is available…
Paxos Ceases Issuance of Binance USD at Direction of NYDFS: A Reminder of Regulatory Compliance in the Crypto Space
Paxos Ceases Issuance of Binance USD at Direction of New York Department of Financial Services Stablecoin issuer Paxos has announced that it will stop minting new Binance USD (BUSD) tokens at the…
Clearpool Prime: DeFi Protocol Set to Launch Institutional Credit Platform on Polygon Network
The decentralized finance (DeFi) protocol Clearpool is set to deploy its institutional credit platform Prime exclusively on Ethereum scaling tool Polygon network. This move is significant as it highlights a growing trend…