Paxos, a regulated blockchain and tokenization infrastructure platform, announced today the appointment of J. Christopher Giancarlo, former Chairman of the US Commodity Futures Trading Commission (CFTC), to its board of directors.Paxos Scores Regulatory Heavyweight from CFTCGiancarlo, a respected figure in the financial services industry and a...

After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volume fell from $2.1 trillion in March to just under $1.3 trillion in April.Cryptocurrency Exchange...

The services of cryptocurrency exchange Coinbase have been restored after a “system-wide outage” of over three hours. The exchange confirmed that its functionalities are “now fully recovered.”Coinbase is now fully recovered. We appreciate your patience and apologize for the inconvenience. https://t.co/AAzEMPaJGL— Coinbase Support (@CoinbaseSupport)...

To enhance financial services for customers across the UK and European Economic Area (EEA), OpenPayd, an embedded finance and Banking-as-a-Service (BaaS) platform, has announced a strategic partnership with Wirex, a Web3 money app. This collaboration aims to fortify easy, fast, and secure payment solutions.Forging Alliance for Virtual IBAN PaymentsUnder...

Coinbase, the largest cryptocurrency exchange in the US, is “experiencing a system-wide outage” that has directly impacted its services. Both desktop and mobile platforms of the crypto exchange are not working.Coinbase Is DownThe reason behind the outage remains unclear as the exchange ensured that it is “investigating this issue.” According to the...

In its latest action against non-compliance in the crypto industry, the Commodity Futures Trading Commission (CFTC) has settled with FalconX, a crypto prime brokerage firm that failed to register as a futures commission merchant (FCM), for $1.8 million. The platform further received a cease-and-desist order from offering services to US residents.CFTC...