PayPal to Face SEC Scrutiny Over PYUSD Stablecoin
The United States Securities and Exchange Commission (SEC) is currently investigating PayPal's U.S. dollar-pegged stablecoin, which is known as PayPal USD or PYUSD. This information...
Backpack Unveils Cryptocurrency Exchange with Dubai Permit
Backpack, a crypto wallet firm, revealed it is introducing a ‘regulated’ exchange as it acquires a VASP permit from VARA. Backpack Exchange will begin in...
Congressional Regulator Claims SEC Requires Policymaker Consent Before Proceeding with Contentious Bulletin
Contentious crypto accounting guidance in a Securities and Exchange Commission’s bulletin is pending the Congressional Review Act. A congressional regulator said on Tuesday that agencies...
PayPal Gets Regulatory Approval to Provide Cryptocurrency Services in UK
PayPal has gained a green light from the regulators in the UK regarding cryptocurrency services. However, the Financial Conduct Authority (FCA) has imposed some conditions...
Telegram Trading Bot Suffers Exploit as Hacker Ransacks $600k
Hackers have stolen funds from custodial services protocol on Telegram. The affected protocol is Unibot, a trading bot on Telegram that offers trading options for...
MultiBank Group Brings TradFi Experience to Unveil Regulated Crypto Exchange
MultiBank Group has, in a recent statement, confirmed unveiling the regulated crypto exchange - MultiBank.io. The newly launched crypto exchange is set to offer top-tier...
Grayscale Bitcoin Trust Dwarfs Nvidia to Realize 220% Gain
Grayscale Investment pulled off another twist to erode the discounted pricing, leaving its shares (GBTC) surging 220% in 2023. A market observer indicated that GBTC...
VanEck Amends its Bitcoin Spot ETF Application
VanEck is one of the top financial institutions that have filed for a Bitcoin spot ETF application in the USA. However, the asset management firm...
New Crypto Laws in the UK Allow Law Enforcement Authorities to Seize Crypto Assets without Arrest
The Economic Crime and Corporate Transparency Act has been passed and added to the UK constitution. This act is part of the government's to contain...
Sam Bankman-Fried Testify During Special Hearing
The fallen FTX’s ex-chief executive officer took the stand for an audience of one to enable Judge Lewis Kaplan to examine his statements’ admissibility. On...