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NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS). New York-based exchange and stablecoin operator, Paxos launched a gold-backed Ethereum-based token named Pax Gold (PAXG).

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

New BIS Report Advocates Using Embedded Monitoring Trackers For Stablecoins

A new report from the Bank for International Settlements has advocated the deployment of ‘Embedded Systems’ in the monitoring of global stablecoin projects.

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

The Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation

XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation

XRP has slid below the $0.50 level and is down by 9%, as news that the US Securities and Exchange Commission will sue Ripple has broken out.

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.

Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin ultimately has a total supply of 21 million coins, some of which has not been mined yet; considering lost coins, the actual supply is way fewer.

XRP Gains 36 Percent as Ripple Sees Rise in Active Addresses

XRP Gains 36 Percent as Ripple Sees Rise in Active Addresses

Data analytics firm Santiment posted last week about the steady increase in wallet addresses for Ripple. The insight proves bullish for the firm’s native token, which has risen 36 percent since March 2020.

IOTA On How Distributed Ledger Technology Will Transform Supply Chain

IOTA On How Distributed Ledger Technology Will Transform Supply Chain

Distributed ledger technology could potentially revolutionize the supply chain industry by providing several upgrades, according to industry experts.

DappRadar—Redefining Accuracy and Transparency in the State of Dapps

DappRadar—Redefining Accuracy and Transparency in the State of Dapps

Skirmantas Januskas is the CEO and founder of DappRadar a website that lists the best Ethereum Dapps and ranks them by DAU (Daily Active Users) showing the authentic acceptance and usability of Dapps. DappRadar recently added full token tracking for EOS Dapps which has reportedly uncovered that the EOS Dapp ecosystem may be undervalued by 1 billion dollars.

Grayscale Investments Removes XRP from Its Fund and Rebalances Bitcoin, Ethereum, Litecoin, and BCH Assets

Grayscale Investments Removes XRP from Its Fund and Rebalances Bitcoin, Ethereum, Litecoin, and BCH Assets

Grayscale Investments has joined other exchanges and funds in removing its support of Ripple’s XRP token.

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