Paxos: Blockchain Can Speed Up Remittances
Paxos Trust Company, a New York-based firm specializing in stablecoins, has recently shared its insights on the potential of blockchain technology in facilitating global remittances. Stablecoins are cryptocurrencies pegged to a fiat currency or a commodity, such as the U.S. dollar or gold, to maintain a stable value. As a leader in the stablecoin market, […]
FTX Requests Galaxy Digital Manage its Recovered Crypto Holdings
Cryptocurrency exchange FTX has petitioned a US District Court to allow Galaxy Digital, a digital asset management company, to manage the remaining cryptocurrency holdings of the bankrupt exchange. The company filed a petition with the United States District Court for the District of Delaware on August 24, requesting permission and approval of guidelines for the […]
Navigating Regulatory Frameworks in the Cryptocurrency Space
As the number of people using cryptocurrencies grows, so do the rules that guide them worldwide. However, navigating regulatory frameworks in the cryptocurrency space is a must for you if you’re a crypto fan, an investor, or a business owner. As the market for digital assets develops, the availability of straightforward laws is becoming increasingly […]
Coin Center Defies OFAC’s Indictment of Tornado Cash Devs
Coin Center, a leading crypto advocacy group, argues that OFAC’s indictment of Tornado Cash developers for operating an illegal money transmission business is unfounded and inconsistent with FinCEN’s guidance. OFAC Accuses Tornado Cash Developers of Money Transmission Crimes On August 23, the U.S. Office of Foreign Asset Control (OFAC) announced that it had indicted Roman […]
Ripple Wins Legal Battle Against SEC, Boosts Crypto Industry
Ripple scores a major victory in its long-standing lawsuit with the SEC, proving that most of its XRP sales are not securities. This could have a positive impact on the crypto market, as predicted by Pantera Capital CEO Dan Morehead. Ripple, the company behind the XRP cryptocurrency, has won a significant legal case against the […]