Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSDAccording to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its […]

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Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference RatesGlobal markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks CME […]

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

How Coinbase Quietly Became the World’s Biggest Bitcoin BankOn August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]

The post How Coinbase Quietly Became the World’s Biggest Bitcoin Bank appeared first on Bitcoin News.

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Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018Cryptocurrencies grew immensely popular in 2017, but throughout the following year, digital asset markets fell sharply in value. However, over-the-counter (OTC) market makers thrived in 2018, with a slew of business models in the industry catering to OTC clients.   Also Read: Bitbacker.io Aims to Offer a Cryptocurrency-Powered Patreon Alternative Billions Swapped Using Over-the-Counter Cryptocurrency Services […]

The post Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018 appeared first on Bitcoin News.

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New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard

New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos StandardEver since fears arose around Tether (USDT), it seems like a new stablecoin is released every week to try and take its place. Today two new stablecoins have been revealed, with the distinction of being approved by the financial regulator known for the New York Bitlicense. Also Read: Denmark’s Largest Bank May Have Facilitated up […]

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Winklevoss Twins Launch Their Stablecoin, The Gemini Dollar

Tyler and Cameron Winklevoss have received the regulatory approval required to issue their stablecoin, Forbes reported on Monday, September 10. The new stablecoin is known as the Gemini Dollar and is developed on the Ethereum blockchain. The Winklevoss twins will issue the stablecoin through their Gemini Trust Company, with each token being backed by one […]

The post Winklevoss Twins Launch Their Stablecoin, The Gemini Dollar appeared first on NullTX.

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Regulated Crypto Exchange Itbit Adds BCH, ETH, LTC, and XLM Products

Regulated Crypto Exchange Itbit Adds BCH, ETH, LTC, and XLM ProductsRegulated cryptocurrency exchange Itbit announced today that it has received approval from the New York State Department of Financial Services to add more cryptocurrencies to its product offerings. The company will begin offering custody, escrow, OTC trading, and exchange services for BCH, ETH, LTC, and XLM, in addition to its existing BTC offerings. Also read: Yahoo! […]

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