Investors have been pulling billions out of Binance’s stablecoin after a securities regulator crackdown. The crypto exchange’s stablecoin, Binance USD (BUSD), has witnessed a massive outflow of $6 billion in cash by investors following the subjugation by the Securities and Exchange Commission (SEC) of Paxos, the company that issues the token, reported the Financial Times….
Crypto Investors Pull Billions Out of Binance’s Stablecoin After Regulator Crackdown
March 2, 2023
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Cryptocurrency Pioneer Wrote CIA Would ‘Frame’ Him a Day Before He Died in Puerto Rico
November 2, 2022
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The co-founder of the cryptocurrency lending platform MakerDAO and the decentralized stablecoin Dai, Nikolai Mushegian, has been found dead in Puerto Rico at the age of 29, sparking speculation on Twitter regarding the circumstances surrounding his death. Mushegian’s death was confirmed by local news outlet El Nuevo Dia on Friday. The publication, citing police, reported that he had…
Circle Announces $400 Million Funding Round Led by BlackRock
Global internet finance company Circle, which is set to go public via SPAC merger later this year, on Tuesday announced a funding round led by BlackRock. What Happened Circle entered into an agreement for a $400 million funding round with investments from BlackRock, Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. In addition, BlackRock entered into a broader strategic partnership with Circle, which includes exploring…
British Government Announces Move to Recognise and Regulate Cryptocurrency
Chancellor of the Exchequer, Rishi Sunak, has announced his ambition to make the UK a global hub for crypto-asset technology, in a move that’ll see some cryptocurrencies called stablecoins recognised as a valid form of payment. Unlike Bitcoin, which is a private, decentralised digital currency, stablecoins are cryptocurrencies designed to have a stable value relative…
Facebook Owner Meta Relaxes Rules on Cryptocurrency Adverts
December 2, 2021
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Meta, formerly known as Facebook, updated its ad platform criteria for cryptocurrencies on Wednesday, by expanding the number of accepted regulatory licenses from three to 27, citing an increase in regulations as well as the stability achieved in the industry. “Over the years the cryptocurrency landscape has matured and stabilized and experienced an increase in…
Stablecoin Issuers and Exhanges Urged to Be Transparent on How They’re Protecting Consumers and Investors
The head of the U.S. Senate banking committee sent letters on Tuesday to stablecoin issuers and exchanges urging them to be more transparent about how they are protecting consumers and investors following multiple risks highlighted in the recent report by the President’s Working Group on Financial Markets (PWG). Sen. Sherrod Brown (D-Ohio), chair of the U.S….
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