The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it competes with other stablecoin issuers like Circle and Tether for market share.Paxos prides itself on being the most regulated […]
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction rates and lower fees, making it an attractive network for US dollar stablecoins and payments.Paxos will be bringing its USDP coin, which is pegged to the […]
UBS executives are seizing an opportunity to revive their U.S. investment-banking business, which has fallen behind its competitors. The takeover of local rival Credit Suisse and the challenges faced by other global peers have created a favorable environment for UBS to rebuild its lagging business. To capitalize on this, UBS has embarked on a hiring […]
Will Clemente, co-founder of Reflexivity Research, suggests that Coinbase shares could serve as an “index play” for traditional finance firms looking to gain exposure to the cryptocurrency sector. Clemente believes that Coinbase’s diverse range of verticals makes it an attractive option for investors who may be unsure about which specific assets to choose. Matt Hougan, […]
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 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 […]
The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost $50 million. However, the SEC admitted that its legal counsel made inaccurate representations during a hearing in July, which allowed the SEC to […]
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 […]
SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed the rampant non-compliance and lack of adherence to securities laws in the crypto space. He emphasized the need for these laws to protect […]
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 […]
