Markets

Markets

Money laundering? French authorities monitor Binance

France is targeting crypto companies. According to information obtained by Bloomberg, the French banking regulator ACPR is currently inspecting dozens of crypto exchanges, including Binance and Coinhouse, for possible violations of money laundering and terrorist financing regulations. The audits are intended…

After stablecoin glitch: PayPal shares collapse

PayPal is constantly in the headlines. Following yesterday's revelation that stablecoin issuer Paxos accidentally minted $300 trillion worth of PYUSD, the payment service provider is also apparently experiencing a massive outage. According to various media outlets, around 40,000 users reported PayPal…

Ripple: Absa Bank becomes first partner in Africa

Ripple announces a partnership with South Africa's Absa Bank. The Johannesburg-based financial institution will use Ripple technology to custody digital assets. According to the announcement, the collaboration includes the provision of institutional custody infrastructure for tokenized assets, including cryptocurrencies. Absa, one…

Binance founder CZ: Trump “tends” to pardon

The US government is apparently considering a pardon for Binance founder Changpeng “CZ” Zhao, according to US media reports citing people close to the US president. According to New York Post columnist Charles Gasparino, the White House is currently “intensively discussing…