Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
Tag: Scrutiny
Losses Top $165 Billion As Analyst Warns SVB Failure Risks Intense Regulator Scrutiny
Topline The second and third-largest bank failures in U.S. history rattled investors’ confidence in bank stocks to the tune of tens of billions of dollars Monday, as the contagion fears from Silicon V...
Lido Dao Stabilizes Amidst Volatility, Binance Avoids US scrutiny, while TMS Network Culminates Presale stage 1 early
The year 2023 presents several promising prospects for investors to regain their financial losses. Among the noteworthy ventures garnering attention is TMS Network (TMSN). This project has recently co...
Kraken to establish a new bank despite regulatory scrutiny – Cryptopolitan
US-based cryptocurrency exchange Kraken is establishing a fresh crypto bank despite the recent staking service prohibition by the U.S. Securities and Exchange Commission (SEC). While responding to a t...
Kraken eyes own bank amid regulatory scrutiny
Ad Crypto exchange Kraken has plans to launch its bank, The Blocks reported March 6. According to the report, the crypto firm continues its plans despite the recent regulatory issues plaguing the indu...
Binance Operated Under 2 Entities to Avoid Scrutiny, WSJ Claims
Binance embarked on a plan to disarm U.S. authorities out of fear of prosecution, claims a new report by The Wall Street Journal. The paper alleges that Binance was prepared to defuse the risk of pot...
Binance Wanted to Bypass US Regulatory Scrutiny Shows Report
Amid the major fallout of several firms in the crypto space last year, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny in the crypto space. The latest report from Wall Str...
Wormhole Counter-exploit Forces Scrutiny of Multisigs in DeFi
The spectrum of decentralization has been a hot topic following a counter-exploit recently executed by Jump Crypto on the Wormhole hacker who stole 120,000 ETH — around $325 million — in February last...
Visa, Mastercard Delay Crypto Plans Amid Regulatory Scrutiny
Visa and Mastercard, two of the world’s largest payment companies, have halted their plans to partner with crypto firms following the string of high-profile collapses that have rocked the industry and...
Binance Mints $130 Million Worth TUSD Stablecoins Amid BUSD Scrutiny
4 hours ago | 2 mins read Exchange News TUSD has risen to the position of fifth-biggest stablecoin by market cap. The BUSD stablecoin has been temporarily removed from Coinbase. Binance, the biggest c...
Coinbase to Delist Binance USD Stablecoin Amid Regulatory Scrutiny
Cryptocurrency exchange Coinbase warned customers Monday the company will suspend trading for Binance USD in less than a month, two weeks after Paxos Trust disclosed it will stop minting the Binance-b...
Lawyer Urges This Probe Can Lead To End Of US SEC Chair Scrutiny
XRP News: U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been alleged of being biasedly serving several crypto firms and personalities over time. However, the commission has als...
Warren Buffett slams critics of stock buybacks after Democrats’ scrutiny: ‘Economic illiterate’
Billionaire investor Warren Buffett blasted opponents of stock buybacks in his annual letter to Berkshire Hathaway Inc. shareholders, writing that the opponents are “illiterate” about econ...
Coinbase Says It Will Be ‘Net Beneficiary’ Amid Heightened Regulatory Scrutiny
Coinbase, the leading cryptocurrency exchange in the U.S., took an opportunity to address the current regulatory landscape in its Q4 2022 earnings report released Tuesday, saying it is in a strong pos...
Binance’s Entry Into South Korea Under Scrutiny by Regulators
2 hours ago | 2 mins read Exchange News Binance had acquired a controlling stake in the local exchange GOPAX. Regulators are weighing whether to maintain or sever connections between the two parties. ...
CoinEx’s tokens and services are under NY Attorney General scrutiny
In the crypto sphere, exchanges continue to come under scrutiny by regulators and relevant authorities. The reason is pretty simple: most exchanges offer tokens and services that qualify as securities...
Breaking! Binance Is Planning To Exit The US Crypto Market As Regulatory Scrutiny Heats Up
The Securities and Exchange Commission (SEC) has been closely scrutinising Binance, one of the world’s largest cryptocurrency exchanges, over concerns related to potential securities violations. The S...
Low-Cap Ethereum Rival Explodes 80% in Just One Week As Crypto Sees Uptick in Regulatory Scrutiny
A privacy-focused Ethereum rival has surged by more than 81% this week as US regulatory crackdowns bubble up across the crypto space. The layer-1 blockchain project Dusk Network (DUSK) is currently tr...
Bitcoin Soars Above $25K but US Regulatory Scrutiny Intensifies: This Week’s Crypto Recap
The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and...
Banks cut crypto ties amid regulatory scrutiny
U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. These measures could force more crypto businesses ...
2 Reasons Cardano’s ADA Is Unlikely To Be Labeled A Security As Industry Scrutiny Intensifies ⋆ ZyCrypto
Advertisement     Crypto Capital Venture founder and industry pundit Dan Gambardello, is confident that Cardano’s native token ADA won’t be classed as a security in th...
Waves team under scrutiny after stablecoin dumping allegations
The Waves team allegedly sold a huge chunk of its algorithmic stablecoin, USDN, to cover debts. Has the waves team traded off its stablecoin? In April 2022, a crypto enthusiast tweeted about how the W...
BUSD, Paxos, and the Recent Scrutiny of Paxos
Financial services using cryptocurrencies The head of research at Matrixport is of the opinion that the current investigation of Paxos and its Binance USD (BUSD) token is not an assault on stablecoins...
Binance snags former Gemini compliance officer amidst scrutiny over BUSD
Ad Binance has hired and promoted a compliance executive who formerly worked for its competitor, Gemini, according to a Feb. 14 report from the Wall Street Journal. The report indicated that Noah Perl...
684 million BUSD burned for redemptions amid US regulatory scrutiny
Just over a day after it categorically denied regulator claims Binance USD (BUSD) is a security, Paxos has burned some 684 million of the stablecoin for U.S. dollar redemptions, on-chain data show. &#...
SEC Scrutiny Against Paxos Led Massive Binance Withdrawals
59 seconds ago | 2 mins read News Over 388 BUSD has been burned in the last 24 hours. The stablecoin trading around the $0.99 price range. Since the announcement of the US Securities and Exchange Comm...
Binance processes $1B withdrawals amid regulatory scrutiny on BUSD
Ad Binance users are withdrawing their crypto assets following the recent regulatory scrutiny of one of the exchange’s products. In the last 24 hours, the exchange saw outflows of $621 million, accord...
PayPal halts stablecoin launch amid BUSD and Paxos scrutiny
Listen to this article. PayPal has halted the debut of its stablecoin amid heightened regulatory scrutiny in the crypto industry and news of a probe by the New York State Department of Financial Servi...
PayPal Halts Stablecoin Project Amid Regulatory Scrutiny
Fintech giant PayPal has stopped work on its upcoming stablecoin project amid the regulatory scrutiny and crackdown of the crypto sector by United States regulatory bodies. Reports by Bloomberg indica...
Stablecoin Issuer Paxos Under Scrutiny
The crypto company and stablecoin issuer Paxos is under investigation by a New York-based regulatory body. NYDFS Launches Investigation Against Paxos The New York Department of Financial Services (NY...
PayPal Halts Development of Upcoming Stablecoin Amid NYDFS Scrutiny
2 hours ago | 2 mins read Altcoin News The project was expected to come in the following weeks. NYDFS is looking into the stablecoin issuer Paxos. Bloomberg reports that due to regulatory worries in t...