In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.This has led legal experts to question the ruling and its implications. The case centered around Do Kwon, a […]
Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner. According to the announcement, the solution allows institutional investors to securely store their trading collateral off-exchange with what Binance calls a “trusted bank.” Binance Expands Services With Triparty Solution The triparty […]
Stablecoin issuer Tether is making a significant push into Bitcoin mining with the goal of dominating this highly-stacked market. The company, according to newly appointed CEO Paolo Ardoino, is looking to pour out $500 million over the next six months. Building new mining facilities and acquiring stock in already-existing mining companies are two aspects of this audacious […]