Silvergate Bank recently announced the closure of Silvergate Exchange Network (SEN), which facilitated off-blockchain money transfers between major investors and crypto exchanges. The decision was made due to concerns about…
On Tuesday, Federal Reserve Chairman Jerome Powell delivered testimony to the Senate Banking Committee that had the crypto industry on edge. Powell addressed a range of issues including the fallout…
In February, the DeFi space experienced a series of attacks, resulting in a loss of around $21 million in cryptocurrency. Defi Lama, a DeFi data analytics platform, identified a loan…
On Sunday, rumors began circulating on social media that Lido, a decentralized staking service, received a notice from the U.S. Securities and Exchange Commission known as a Wells Letter. The…
As the crypto market continues to experience volatility, the value of Binance USD (BUSD), the Paxos-issued stablecoin, has fallen to below $10 billion for the first time since June 2021.…
Goldman Sachs, the multinational investment bank and financial services company, has announced that it stays “hugely positive” about discovering blockchain applications and is open to hiring more staff for its…
The cryptocurrency exchange Binance has been under scrutiny recently, with Forbes publishing an article that made claims about the exchange's financial activities. The report indicated the movement of funds or…
Recently, Reuters reported that payment giants Visa and Mastercard are putting their crypto-related ventures on hold due to "high-profile collapses".
An unnamed representative for Visa was quoted saying that “recent high-profile…
Mastercard, one of the world's largest payment processing companies, has announced that it will allow the use of cryptocurrency for payments in the Web3 ecosystem in a partnership with Web3…
Paxos, the blockchain technology company that issued and managed BUSD on behalf of Binance, announced its readiness to challenge the U.S. Securities and Exchange Commission (SEC) over its claims that…