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SEC to Charge Paxos Over BUSD Offering
The United States Securities and Exchange Commission (SEC) is preparing to file a suit against Paxos Trust Co. over its issuance of the BUSD stablecoin, which it considers a security. Are Stablecoins Securities? Over the weekend, the Wall Street Journal... -
Kraken Settles With US SEC And Discontinues Staking Service: What Does It Mean for Crypto Investors?
Cryptocurrency exchange Kraken has announced the end of its crypto staking services as part of an agreement with the SEC. The announcement follows Coinbase's Brian Armstrong's confirmation of reports that the SEC was targeting crypto-staking service providers. https://twitter.com/nftpowerranking/status/1623859741889032192?s=20&t=x87Qswcpr9sZ_nQnxSGE6Q Hester Pierce,... -
Mississippi Declares New Law to Protect Cryptocurrency Miners Against High Energy Rates
The Mississippi lawmakers have passed a bill establishing a framework to legalize cryptocurrency mining in the state and protect miners from imposed discriminatory energy charges. The Concept Behind the New Legislative Bill The Mississippi digital asset mining framework was created... -
WazirX Rejects Binance’s False & Misleading Allegations and Announces Legal Action
WazirX, an Indian cryptocurrency exchange platform with a high trading volume, calls Binance's allegations "false and misleading" and intends to take legal action. According to a blog post on February 7, 2023, Indian cryptocurrency exchange WazirX claimed that the allegations made... -
Dubai Announces New Crypto Law and Regulatory Framework for 2023
Dubai Virtual Asset Regulatory Authority (VARA) has introduced a new rulebook for digital trading assets in the city. The new virtual asset regulatory framework is set to foster growth and mitigate the potential misuse of cryptocurrencies. VARA Rulebook: What Does... -
Affirm Stock Crashes After Earnings Miss and Guidance Cut
Affirm (NYSE: AFRM) stock is trading sharply lower in US premarkets today after the company missed both topline and bottomline estimates for the second quarter of the fiscal year 2023 and also slashed its guidance. The company also announced that... -
BIS Sets Sight on New Stablecoin Project, DeFi, and Crypto Monitoring Platform
The Bank for International Settlements (BIS) has unveiled priorities for 2023, including launching a stablecoin project, exploring central bank digital currencies (CBDCs), and data monitoring. Pyxtrial: The Optimal Regulator to Build Policy Framework On February 7, the BIS Innovation Hub... -
UN: North Korea Sees Record Proceeds From Crypto-Related Hacks
In 2022, cryptocurrency thefts and hacks hit a new high, fueled by the bear market and generally gloomy investor sentiment surrounding the industry. And, as one of the world’s biggest sponsors of hacks and security breaches, it’s no surprise that... -
How Hackers Stole Over $6 Billion From DeFi Protocols In Just One Year
It has been reported that hacks of the DeFi sector rose in the year 2022, with Bug Bounty Hunting Training's crypto analyst Kofi Mensah stating on February 4th, 2023 that hackers had stolen in excess of $6 billion using DefiLlama... -
VISA Working to Bolster Stablecoin-Enabled Cross-Border Settlements
VISA, one of the world’s most popular payment processors and manufacturers of credit cards, is standing by its cryptocurrency strategy as it looks to bolster its inroads into the industry this year. Tapping Into a Growing Field Speaking at the...
