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Gemini enters mediation, hopes to quickly resolve DCG dispute

0xMain
May 1, 2023

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The Gemini crypto exchange hopes mediation will produce a swift resolution to negotiations with Digital Currency Group (DCG) about returning funds belonging to users of the now-defunct Gemini Earn program. In an update on April 28, Gemini stated that DCG, its bankrupt lending...

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Paxos’ hopes of becoming a national bank die, application for charter expires

0xMain
April 8, 2023

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Details from the United States Office of the Comptroller of Currency (OCC) show that Paxos’ application for a national banking charter, under “2020-NE-Charter-318305”, expired on March 31. Paxos national banking charter application expires Paxos, a stablecoin issuer regulated by the New York Department of Financial...