Bitcoin, stocks swing as markets react to CPI data
Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for...
Stefan Rust: SEC’s ruling on BUSD “makes no sense”
Stefan Rust, CEO of Truflation, says the SEC’s ruling about BUSD being a security has no sense legally. The former Bitcoin.com CEO believes there’s a...
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs).The FCA and the cyber team at...
NFT marketplace Magic Eden and MoonPay partner on credit card payments
Magic Eden has announced a strategic partnership with MoonPay. The two entities will work together to offer new payment options for purchasing digital collectibles. MoonPay...
Binance withdrawals surge post SEC’s Paxos clampdown
The SEC issued a wells notice to Paxos concerning the issuance of Binance USD (BUSD) stablecoin. Shortly after, the NYDFS ordered Paxos to stop issuing...
SEC to target crypto firms operating as ‘qualified custodians’ — Report
The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms...
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on...
OFAC-compliant blocks on Ethereum hit three-month low of 47%
The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% —...
CFTC and SEC cases against SBF deferred until after criminal trial
A New York judge has granted a request from prosecutors to defer civil proceedings against Sam Bankman-Fried from the Commodities Futures Trading Commission and the...
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as...