BUSD issuer Paxos has categorically disagreed with the allegations by the SEC. The firm's press release indicated vigorous litigation in this matter if necessary.
USDC Issuer Circle reportedly alerted the New York Department of Financial Services last year about insufficient reserves at Binance to support the tokens issued by the exchange.
A report by WSJ revealed that Wall Street's Cantor Fitzgerald helps oversee Tether's $39 billion bond portfolio that back its USDT stablecoin.
The SEC's crackdown on staking services in the U.S had led to traders turning to DeFi staking protocols. Governance tokens of liquid staking services were very volatile over the past 24 hours.
LocalBitcoins is shutting down its platform this month due to the ongoing crypto winter. The peer-to-peer Bitcoin exchange has been serving customers for more than 10 years.
Tether's latest attestation report revealed that the USDT issuer's assets exceeded its liabilities. CTO Paolo Ardoino claimed that the firm made a profit of $700 million in the last quarter of 2022.
Dookey Dash, the skill-based game launched by BAYC creator Yuga Labs last month, is plagued with rampant cheating. Players are paying thousands to boosters to pump their scores on the leaderboard.
Ishan Wahi, the former Coinbase product manager, has pleaded guilty to two counts of conspiracy to commit wire fraud in the first crypto insider trading case.