An anonymous reader quotes a report from Reuters: PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner on the project faces a probe by the New York State Department of Financial Services, Bloomb…

According to CoinDesk, Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC). From the report: The SEC will discuss and vote on the settlement during a closed-door commi…

Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. CNBC reports: Binance US, a unit of the company that’s regulated by the Treas…

Last year’s Super Bowl broadcast was “crypto-happy” as 100 million Americans saw at least three commercials promoting cryptocurrency. This year things will be different. According to the Associated Press, there will be no cryptocurrency advertisements …

A year ago, crypto successfully scraped and scrapped to get a foot in the door in Washington. But in the wake of crypto’s winter, and FTX’s spectacular collapse, that door has now slammed shut. From a report: Gaining legitimacy in Washington has been a…

In 2017 the New York Times covered research co-authored by John Griffin, a finance professor at the University of Texas, into Hong Kong-based Bitfinex, “one of the largest and least regulated exchanges in the industry.”

Mr. Griffin looked at the flow …

A billionaire cryptocurrency evangelist may have gotten a tougher reception than he expected when proposing widespread adoption of Bitcoin to a bankrupt country. From a report: Silicon Valley investor Tim Draper was in Sri Lanka to shoot an episode of …

Four men owned 86% of Tether as of 2018, according to investigatory documents viewed by the Wall Street Journal. CoinDesk reports: The documents from 2021 probes of Tether by the New York Attorney General and the federal Commodity Futures Trading Commi…

Celsius Network misled its investors — and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner (PDF) for the U.S. bankruptcy court in New York said in a Tuesday f…