Paxos International to issue regulated interest-paying stablecoin

Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase stock…

Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.

Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil. 153 Total views 3 Total shares One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail…

Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month. 559 Total views 24 Total shares On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10.However, observers have since identified that the official Petro block explorer now lists May 5,…

The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets. 1275 Total views 4 Total shares Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal…

A shift in the crypto ecosystem could result in a whitelist of coins and addresses according to Ari Paul. Crypto investor Ari Paul has predicted that within a year or two much of the crypto ecosystem will only allow withdrawals to whitelisted addresses.In a tweet on August 26, the BlockTower Capital co-founder and CIO Ari…

The Turkish lira-backed stablecoin BiLira is now open for trading on cryptocurrency exchange Bittrex Global. Users can now use their ERC-20 BiLira tokens to buy Bitcoin (BTC) and USDT on Bittrex Global.The announcement states that there are currently 20 million BiLira tokens in supply. TRYB tokens are minted at the time of deposit, and an…

Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage. 133 Total views 7 Total shares During a virtual video session at the Bank of Finland Institute for Emerging Economies' 30th Anniversary Conference, People's Bank of China governor Gang Yi discussed recent developments regarding the country's…

The merger between artificial intelligence and decentralized finance is growing. SingularityDAO focuses on creating AI-driven investment portfolios. 616 Total views 30 Total shares Decentralized finance (DeFi) portfolio manager SingularityDAO has appointed research scientist Chris Poulin as its new chief technology officer and head of artificial intelligence, underscoring the company’s ambitions for AI-driven investment solutions.In his…