Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 2…
Ad The two largest creditors of Mt. Gox, the now-defunct cryptocurrency exchange that got hacked in 2014 — leading to the loss of 850,000 BTC — have chosen an early lump sum payment option that will not require a selloff of their Bitcoin holdings. The payment is scheduled for September 2023, CoinDesk reported Feb. 16….
Ad Canadian Clinical Psychologist Jordan Peterson was advised to use the Bitcoin Lightning Network over GoFundMe to raise funds for a friend who had suffered a string of misfortunes. Peterson tweeted that his friend Charles Joseph, an indigenous person of the Pacific Northwest Coast, had recently lost his wife, leaving him to raise three children…
Ad NFT marketplace Magic Eden inked a partnership with Web3 payment platform MoonPay to add payment alternatives to its platform, according to Fintech Finance. The new features will allow Magic Eden users to purchase NFTs using their credit cards, Google Pay, and Apple Pay, as reported by Fintech Finance. Magic Eden COO Zhuoxun Yin explained…
Ad Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on Feb. 10. A representative of the company told Bloomberg: “We are exploring a stablecoin…If and when we seek to move forward, we will, of course, work closely with relevant regulators.” Though PayPal never officially announced that project, code for…
Amid insolvency speculations, cryptocurrency payments platform Wyre slashed its withdrawal limits by 10% on Jan. 7. In a Twitter thread, Wyre announced that its customers can now only withdraw up to 90% of the funds in their accounts. Users will still be subject to daily withdrawal limits, according to which only 5 Bitcoin (BTC) and…
Crypto firm Juno advised its customers to self-custody or sell their crypto assets due to uncertainty with its crypto partner in a Jan. 4 Twitter thread. The crypto firm advised this because it does not take personal custody of its users’ assets but relies on its crypto partner. While it did not reveal the identity…
Michael Saylor, executive chairman of MicroStrategy, said on Dec. 28 that his company will introduce a Lightning Network-based product in 2023. In a Twitter spaces conversation, Saylor said that MicroStrategy’s experience building mass-deployable plugins motivated the company to create a similar tool for the Lightning Network — a network that can process Bitcoin transactions cheaply…
Visa has proposed a blockchain account design that could allow Ethereum users to arrange auto-payments from a self-custodied wallet. The payments giant described its approach in a blog post on Monday, Dec. 19. That post summarized an earlier research paper that was published in August. Visa proposes using Account Abstraction, an Ethereum feature that is…
Denelle Dixon Denelle Dixon is the CEO and Executive Director at Stellar Development Foundation, a nonprofit organization based in San Francisco, that was founded in 2014 to support the development and growth of the open-source Stellar network. Learn More Info LinkedIn Twitter