Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos. 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 stablecoins themselves.  In a Feb. 14 analysis, Matrixport’s...Continue Reading

Damian Williams, the U.S. Attorney for the Southern District of New York, had pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases. 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...Continue Reading

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes. The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto...Continue Reading

With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company. Australia-based Bitcoin (BTC) mining company, Iris Energy, revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs. On Feb. 13 the firm said it purchased an additional...Continue Reading

Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.” 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 a security.  In the Feb. 13 statement, the BUSD...Continue Reading