TrueUSD, a stablecoin provider, addressed concerns regarding its association with Prime Trust, a technology partner facing regulatory challenges. Prime Trust recently halted fiat and cryptocurrency deposits and withdrawals following regulatory orders.
Creditors of the bankrupt cryptocurrency exchange FTX have utilized decentralized finance (DeFi) protocol Arcade to pledge their claims as collateral for loans.
The Faroe Islands, an autonomous region, has introduced a new series of digital "crypto stamps" that serve as both physical postage and non-fungible tokens (NFTs) stored on the blockchain.
Germany's foreign intelligence agency, the BND, has made an intriguing foray into the world of non-fungible tokens (NFTs) with the launch of a unique collection inspired by their guard and security dogs, aptly named the "BND Dogs" series.
In the wake of regulatory crackdowns on cryptocurrency exchanges in the United States, the United Arab Emirates (UAE) is emerging as a key focus for Binance.
During the World Token Summit in Dubai, Mel McCann, Vice President of Engineering at the Cardano Foundation, expressed the view that debates over the ultimate blockchain should cease.
According to sources within the company, online brokerage Robinhood Markets is reportedly planning to lay off approximately 150 full-time employees, which accounts for around 7% of its workforce.
San Francisco-based cryptocurrency payments firm Wyre has collapsed after nearly a decade in business, citing the financial challenges of the bear market as irrelevant to the “direction of regulators” by US hawks.
Lawyers representing US-based cryptocurrency exchange Binance.US, global exchange Binance Holdings Ltd., and Binance CEO Changpeng Zhao have accused the US Securities and Exchange Commission (SEC) of making misleading statements regarding an ongoing securities litigation case
Federal Reserve Chairman Jerome Powell expressed the view that stablecoins serve as a form of money and emphasized the need for robust regulatory oversight during a hearing at the House Financial Services Committee.
A group of researchers from the Bitcoin Policy Institute, a nonprofit think tank, strongly rejected the conclusions presented in a 2022 paper that claimed Bitcoin's scaling issues would result in limited future adoption.
Binance.US, the US-based cryptocurrency exchange, has informed its customers that it has resolved the issues with US dollar withdrawals by working with its banking partners.
On June 22, wallet infrastructure provider BitGo announced via Twitter that it has decided to terminate its acquisition of fintech infrastructure provider Prime Trust.
Google Cloud has announced the launch of its Anti-Money Laundering Artificial Intelligence (AMLAI) service, following a trial with London-based financial services group HSBC
On June 22, TrueUSD took to Twitter to announce that its TUSD stablecoin had no exposure to Prime Trust, the trust company currently facing regulatory challenges.
Cryptocurrency custody firm Prime Trust is facing heightened regulatory scrutiny, with Nevada business regulators declaring the company's financials to be "seriously deficient."
FTX, the cryptocurrency exchange, has filed lawsuits in Delaware bankruptcy court against several investment firms it was previously associated with, seeking over $700 million in damages.
