The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin. Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services.In a Nov. 29 announcement, Paxos said the Financial Services Regulatory Authority…Read More

Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering. Charlie Shrem went from running a small online business to becoming a Bitcoin (BTC) millionaire and making the cover of Forbes magazine. And then he went to prison.In the latest episode of Cointelegraph’s Crypto Stories, Shrem…Read More

The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools. The United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based…Read More

“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users…Read More

Web3 is confusing because it’s still in its formative stages. Nobody quite knows which inventions will shape it next. When big innovations change the world, people tend to argue about them. Will Web3 finally democratize the internet? Is decentralization real? I’m a data guy. I don’t consider myself in a position to answer questions about…Read More