Dive into the tech & future
New York’s chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos said in a statement on Monday. The Binance USD (BUSD) stablecoin, one of the world’s biggest, is issued and redeemed by New York-based Paxos Trust Company, both of which are regulated … Read more
Cryptocurrency exchange Kraken is under investigation by the US Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The regulator’s inquiry is at an advanced stage and could result in a settlement with the San Francisco-based platform in the coming days, the report added. Kraken declined to comment on … Read more
Activision Blizzard has agreed to pay $35 million (nearly Rs. 290 crore) to settle allegations over the video game maker’s handling of workplace complaints and violations of whistleblower protection rules, US financial regulators said on Friday. The Securities and Exchange Commission said the company knew employee retention issues were “a particularly important risk in its business” … Read more
Following the collapse of the FTX crypto exchange due to a liquidity crunch, several global crypto firms have conducted the audits of their respective proofs-of-reserves. The aim is to ensure their users that, under any emergency, the exchanges will be able to handle all withdrawals without going bankrupt. Officials from US’ Securities and Exchange Commission … Read more