Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement
Gemini has reached a settlement with Genesis and different collectors inside the Genesis chapter proceedings, promising a full in-kind return of digital belongings to Earn...
Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators
In an settlement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency trade Gemini has dedicated to returning over $1 billion to...
Genesis Global Trading Settles With New York for $8M Over Regulatory Non-Compliance, Forfeits Bitlicense
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement tremendous of $8 million and can...
Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The firm, which oversees the pax greenback...
DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has formally declined to $4.304 billion. DAI’s market valuation...
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
Three months have handed since Paxos made the choice to stop the manufacturing of recent BUSD tokens, complying with the directive issued by the New...
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, present that the variety of cash in circulation for the stablecoin BUSD dropped beneath the 7 billion vary to...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
Cryptocurrency change Coinbase introduced it can droop buying and selling and delist the Paxos-managed stablecoin asset BUSD. The determination follows Paxos’ revelation that the New...
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
Six days in the past, just a few hours earlier than the blockchain infrastructure platform Paxos introduced it could now not mint BUSD stablecoins, $2.86...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his firm...