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The Latest Breaking News from NYDFS

'It's Vaporware': Crypto Users Troll Tether's $775M Bet On Rumble

Crypto users blasted Tether over the weekend after it invested $775 million into Rumble, with many saying it might have been a bad deal for Rumble due to business allegations around the $USDT issuer.

International Business Times

$XRP Surges On Ripple's $RLUSD Launch Day

$XRP Surges On Ripple's $RLUSD Launch Day

Ripple's $RLUSD is launching Tuesday, and as the crypto community waits for the new stablecoin to go live, $XRP is also celebrating the milestone, surging over 7% overnight.

International Business Times

$XRP Pumps After NYDFS Approves Ripple's $RLUSD Stablecoin

$XRP Pumps After NYDFS Approves Ripple's $RLUSD Stablecoin

$XRP prices are recovering from the broader crypto market crash earlier this year as the token was positively affected by news that Ripple's $RLUSD stablecoin has been approved by the NYDFS.

International Business Times

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'Compliant Path Forward': Ripple Closes Deal To Acquire Standard Custody

Amid its ongoing legal battle with the SEC, Ripple has closed a deal to acquire another digital assets custody firm, Standard Custody & Trust Company.

International Business Times

Gemini Reaches Settlement To Return $1.1B In Digital Assets To Earn Users

Gemini has reached a settlement to pay over $1 billion to users of its defunct Earn program that collapsed after financial services company Genesis, which held Earn users' funds, defaulted on Earn customers' loans.

International Business Times

Binance Announces Another Major Change In Its Ecosystem Following CZ's Departure

Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.

International Business Times

NYDFS Tightens Investor Protection With Stricter Crypto Listing Rules

The New York State Department of Financial Services (NYDFS) will implement an “innovative and data-driven approach”

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Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’

Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’

A bipartisan hearing devolved into uncertainty over regulation for the volatile sector.

Digital assets platform Bakkt completes acquisition of Apex Crypto

Digital assets platform Bakkt completes acquisition of Apex Crypto

The deal is for $55 million in cash as well as $100 million in stock.

Signature Bank takeover could leave crypto firms scrambling

Signature Bank takeover could leave crypto firms scrambling

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

PayPal Gets A Full Virtual Currency License In Crypto Push

PayPal Gets A Full Virtual Currency License In Crypto Push

Payments company PayPal Holdings Inc (NASDAQ: PYPL) has converted its conditional virtual currency license into a full-fledged “BitLicense.”

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