Brian Armstrong, the co-founder, and CEO of Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the U.S., has spoken out about the regulatory crackdown on the crypto industry, reiterating that the exchange's staking product should not be classified as a
Major coins traded in the red on Monday evening, following yet another turbulent week of macroeconomic uncertainty and ongoing fears of regulatory repercussions.
Days after Platypus suffered major exploitation resulting in a loss of $9.1 million from three separate attacks, the decentralized-finance (DeFi) protocol announced a minimum of 63% of the funds would be distributed to users, regardless of any further update on fund recovery.
The Securities and Exchange Commission is not the regulator for stablecoins, according to Jeremy Allaire, CEO and founder of Circle Internet Financial Ltd.
A research report by Bernstein suggested the recent regulatory action taken against the Binance USD (CRYPTO: BUSD) stablecoin and its issuer Paxos is specific to BUSD and cannot be
Curve (CRYPTO: CRV) soared 12% in the last 24 hours, following news that the Securities and Exchange Commission plans to sue Paxos Trust Co. for issuing Binance USD (CRYPTO: BUSD).
Binance CEO Changpeng Zhao reiterated that "FUD is temporary" on Monday evening after the New York Department of Financial Services issued an order requiring Paxos to
Stablecoin issuer Circle Internet Financial Ltd. (CRYPTO: USDC) complained to the New York State Department of Financial Services (NYDFS) last year about its rival, Binance, and its mismanagement of reserves for its own tokens (CRYPTO: B
Galaxy Bahamas, a subsidiary of Galaxy Digital, Mike Novogratz's crypto investment firm, has recently received regulatory approval to operate in the Bahamas.