Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
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Here’s how Binance is mitigating its stablecoin needs after BUSD ban
The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.
‘Sorry for spreading a rumor’, says podcaster on Lido’s FUD
David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms.
Bitcoin bulls remain in charge even in the face of increasing regulatory FUD
BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out…
FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution.
Paxos is engaged in ‘constructive discussions’ with SEC: Report
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support
Bitcoin’s upward momentum can continue, according to Asian stablecoin demand and the BTC futures premium.
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
CZ denies report Binance is considering major breakup with US business partners
The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators.
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