For almost their entire history, despite designs to the contrary, the primary role of cryptocurrencies and digital assets has been confined largely to trading and speculation. But recent advancements in blockchain infrastructure are positioning digital assets as more functional tools for real-world financial transactions. And...
Binance says it has become the first crypto exchange to offer a wealth management solution. Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee the onboarding of their clients and make investment recommendations, and get support during onboarding and afterward, similar to traditional wealth...
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees...
Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative manner that early proponents of Web3 and cryptocurrency at first promised. Still, each week, small advances are successively made across...
November 22, 2023
Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional holdings of the more than 20,000 crypto tokens in circulation. The role they play, however, is rarely without governmental scrutiny and increasingly legal consequences. From the U.S. Securities Exchange Commission […]
August 17, 2023
The year 2022 could not have been better for the world’s largest cryptocurrency exchange, Binance. Crypto markets were coming off an all-time high, and the November implosion of rival exchange FTX, Binance’s...
July 04, 2023
There will be no fireworks for the digital asset sector this July Fourth. It’s looking like the course du jour being cooked on the grill this Independence Day could be...
June 12, 2023
Crypto’s reputation as a lawless, “Wild West,” was touted by enthusiasts as a positive. Now, as the U.S. Securities and Exchange Commission (SEC) and its head Gary Gensler aim for...
November 11, 2024
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It also accuses ex-Binance chief executive Chanpeng Zhao of orchestrating a “campaign to destroy” his one-time rival crypto exchange. The share deal happened in July of […]
October 29, 2024
Binance says it has become the first crypto exchange to offer a wealth management solution. Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee the onboarding of their clients...
June 12, 2024
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale...
June 05, 2024
Twelve members of Congress are calling on the Biden Administration to work to free Binance executive Tigran Gambaryan from detention in Nigeria, saying he is being wrongfully detained and may...
