Binance recently saw a massive inflow of ~$1.65 billion in stablecoins—commonly referred to as "dry powder"—suggesting potential buying power lining up behind the scenes. This occurred amid Bitcoin plunging below $110,000 amid liquidations and whale activity (FinTelegram).
Key Insights
Amount...
Paxos, the blockchain infrastructure firm behind BUSD, has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS) for anti-money laundering (AML) failures related to its partnership with Binance (Finextra).
The Breakdown
$26.5M in Penalties, $22M in Compliance SpendPaxos will...
Crypto payments arrive at the Côte d’Azur, but can they outlast the summer?
The pitch: Spend crypto in Saint-Tropez
Binance Pay, the crypto payment arm of...
