PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. This move aims to provide a stable form of digital value that connects fiat dollars to...
The U.S. Securities and Exchange Commission (SEC) is cracking down on exchange-traded funds (ETFs) that misleadingly use blockchain in their names. According to Bloomberg, issuers cannot use “materially deceptive or misleading” names under the Investment Company Act of 1940. As a result, more than one-third...
October 26, 2023
FTX founder Sam Bankman-Fried says the company’s ex-attorneys were central to its collapse last year. That testimony came Thursday (Oct. 26) afternoon during Bankman-Fried’s criminal trial, but outside of the jury’s hearing, Reuters reported. As the report noted, the one-time cryptocurrency wunderkind’s testimony is in keeping with the defense’s case that Bankman-Fried operated in good […]
September 20, 2023
PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. This...
April 16, 2019
The U.S. Securities and Exchange Commission (SEC) is cracking down on exchange-traded funds (ETFs) that misleadingly use blockchain in their names. According to Bloomberg, issuers cannot use “materially deceptive or...
