Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. This is a significant development as Paxos has previously only been authorized to issue its Pax Dollar stablecoin on the Ethereum network due to restrictions imposed by the DFS. The debut […]
The community of Curve Finance, a decentralized finance (DeFi) protocol, has voted to reimburse liquidity providers (LPs) who were affected by a $61 million hack in July. The vote, which saw 94% of tokenholders approve the disbursement of tokens worth over $49.2 million, aims to cover the losses incurred by the Curve, JPEG’d, Alchemix, and […]
The decentralized finance (DeFi) protocol BarnBridge has reached a settlement with the United States Securities and Exchange Commission (SEC) after being accused of conducting an unregistered sale of structured finance crypto products. As part of the settlement, BarnBridge has agreed to cease the offer and sale of these products.BarnBridge allowed users to earn a fixed […]
Hong Kong has announced that it is ready to accept applications for spot crypto exchange-traded funds (ETFs), marking a significant shift in the crypto landscape. The move is part of Hong Kong’s efforts to position itself as a leading hub for digital asset innovation and regulation.The Securities and Futures Commission (SFC) and the Hong Kong […]
Paxos, a major player in the stablecoin market, has received regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain. This is a significant development as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin exclusively on the Ethereum network.Solana’s blockchain technology offers […]
BarnBridge DAO and its founders, Tyler Ward and Troy Murray, have agreed to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges stem from the failure to register their structured crypto asset securities, known as SMART Yield bonds, which the SEC alleges violated securities laws.The settlement includes […]
The Bank of China’s Shanghai division has successfully completed its first transaction involving precious metals using China’s official central bank digital currency (CBDC), the digital yuan. The transaction, worth $14 million, took place on December 19 and was facilitated by receiving funds from abroad. This marks a significant milestone in the utilization of the digital […]
Lugano has emerged as one of Switzerland’s most important crypto and blockchain hubs. Two Swiss financial institutions have now formed a strategic partnership there. Recently, Lugano, the largest city in the canton of Ticino, expanded its payment options and now accepts cryptocurrencies Bitcoin and Tether for the payment of tax bills and all other municipal […]
Mastercard has announced its support for Fideum Group’s vision to merge cryptocurrency with traditional finance. Fideum aims to leverage Mastercard’s global network to expedite the integration of digital assets into the financial industry.This collaboration between Mastercard and Fideum signifies a significant step towards bridging the gap between the crypto world and traditional financial systems. By […]
The concept of using the Internet as a marketplace faced initial challenges in implementation. As the Internet became more accessible, the demand for secure online transactions grew. However, convincing users about the importance of privacy and anonymity online proved to be difficult, which limited the adoption of ecash. Despite this, ecash aimed to solve the […]
