Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators. However, when it comes to the United States, the exchange has found itself in the cross-hairs of multiple agencies. A number of United States financial regulators have ongoing investigations against the crypto…
In just shy of two weeks, if all goes to plan, Ethereum’s eagerly anticipated Shanghai upgrade will go live, enabling the withdrawal of staked ETH from the blockchain network and effectively completing its years-long transition to proof of stake. Since December 2020, when Ethereum began that journey to a proof-of-stake model—in which users stake cryptocurrency with a network to validate…
Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms. However, on Feb. 13, the New York Department of Financial Services ordered Paxos to stop minting any new BUSD tokens. The move came…
The greatest unanswered question in crypto (aside from when will the U.S. create intelligible rules and regulations) is: Who is Satoshi Nakamoto? While some have claimed to be the enigmatic creator of Bitcoin and others have had their lives turned upside down by media speculation, the mystery continues. So I figured that now that AI appears to know and see…
Bitcoin was back in the green on Saturday, as prices moved close to the $29,000 level to start the weekend. Following a volatile session on Friday, cryptocurrency markets were mostly higher entering April. Ethereum moved back above the $1,800 level. Bitcoin Bitcoin (BTC) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s personal consumption expenditure (PCE) figures…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) A layer-2 airdrop and two mainnet launches has the market clamoring for more scaling action. On March 23, Arbitrum finally distributed its highly-anticipated ARB token, decentralizing its inventory into the hands of its most dedicated users. The hype was so fierce, though, that it took down the project’s main website…
Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In nearly a decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed…
Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. Source: https://cointelegraph.com/public/index.php/news/terra-co-founder-daniel-shin-s-arrest-denied-by-court-citing-low-flight-risk
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus to Maintain Its Crypto-Friendly Tax Regime for Another 2 Years President of Belarus Alexander…
A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon was arrested at Podgorica airport…
