Stocks

An international group of tax chiefs – J5 – has advocated financial institutions to be mindful of crypto risk-indicators, prone to illicit activities. The Joint Chiefs of Global Tax Enforcement (J5) has listed-down five risk-indicators associated with cryptocurrencies. The indicators are developed by a specialized team of cyber experts from…

PayPal’s PYUSD stablecoin, which was recently deployed on the Solana blockchain, includes a feature called “confidential transfers.” The feature aims to provide enhanced privacy for users while maintaining transparency for regulatory purposes. On May 29, PayPal made an official announcement regarding the deployment of its dollar-pegged stablecoin on Solana, after…

Hidden Road, a prime brokerage backed by Citadel Securities, has suspended client access to the cryptocurrency trading platform Bybit due to disagreements over know-your-customer (KYC) and anti-money laundering (AML) requirements. According to Bloomberg, Bybit is undergoing a comprehensive compliance review to address these concerns. Hidden Road Disagreement on Bybit’s KYC…

Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week. Gemini said in a post on X that nearly all (97%) of the digital assets…

A recent survey found that nearly 80% of gamers in the United States have never heard of or played blockchain video games. According to a poll conducted by Onepoll.com, most gamers in the U.S. remain unaware of blockchain games, including their features and potential benefits. 52% of the participants have…

According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating about the reasons behind this unexpected move, especially given the…

Former Consensys employee Jack Jia, the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market. The USD3 is a 1:1 backed stablecoin and aims to be an extension of the U..S dollar for global commerce and…

The US Treasury, on Wednesday, released it first risk-assessment report, exploring the vulnerabilities associated with non-fungible tokens (NFTs). The report stressed that these asset classes are “highly susceptible to use in fraud and scams,” most of which are traditional schemes. The findings highlighted several potential risks and security concerns and…

Analysts suggest that spot Ethereum exchange-traded funds (ETFs) in the United States could potentially launch by late June. BlackRock, a leading asset management firm, recently updated its Form S-1 filing for its iShares Ethereum Trust (ETHA), a crucial step towards the ETF’s approval and subsequent trading. The Securities and Exchange…

The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance. The new Bitcoin options on the NYSE will track the CoinDesk Bitcoin Price Index (XBX) to determine their value. This index, created by CoinDesk Indices, has been around for a…